- Red Metal Resources (RMESF, Financial) reports exceptional high-grade sample results from its Carrizal IOCG Property mapping program.
- The program identified veins extending approximately 15km with impressive copper and gold content.
- Significant findings include samples with up to 17.3% copper and 8.4 g/t gold, indicating potential for a world-class IOCG system.
Red Metal Resources Ltd. (RMESF) has announced outstanding results from its latest mapping and sampling program at the Carrizal IOCG Property, revealing significant mineralization potential. The program aimed to expand on previously identified veins, covering a span of approximately 15km from the historic Carrizal Alto mine.
Among the noteworthy findings are high-grade samples, including a remarkable 17.3% Cu with 5.0 g/t Au, 7.1% Cu with 8.4g/t Au, and 6.8% Cu with 7.0 g/t Au in the South Theresa Zone. All 71 samples collected showed copper content exceeding 1%, with 41 samples surpassing 4% Cu and 22 samples containing more than 1 g/t Au.
The sampling highlighted particularly higher gold-to-copper ratios in the South Theresa zone compared to the main Farellon structure, underscoring the gold potential in the previously unexplored southwestern vein extensions. This discovery not only enhances the property's prospectivity but also positions Red Metal Resources to potentially unlock a world-class IOCG system.
Red Metal Resources President and CEO, Caitlin Jeffs, expressed enthusiasm over the results, stating that the exceptional sample grades underscore Carrizal's potential as a cornerstone asset in the copper-gold sector. The company continues to explore the Armonia vein's 2.5 kilometers of untested extensions from the Carrizal Alto mine onto Red Metal's property.
These results are a significant milestone for Red Metal Resources as it advances its exploration strategy in the prolific Candelaria iron oxide copper-gold belt of Chile's coastal Cordillera. Investors and stakeholders are encouraged to monitor upcoming developments as the company further evaluates these promising findings.
