Red Metal Resources: Advancing High-grade Copper Assets in Chile’s Coast Cordillera Belt
With assets located in a historic copper mining district in Chile that boasts high-grade mineralization and low-cost operations, Red Metal Resources (CSE:RMES) is well-positioned to benefit from Chile’s globally significant copper sector.
The company holds 3,278 hectares across 21 secure mining claims within the Carrizal Alto mining district in the prolific Coastal Cordillera. The Carrizal property comprises two projects – Farellon and Perth – located in an area with a rich copper and gold production history.
The Carrizal Alto district provides a favorable geographic position located at a low elevation of around 500 meters above sea level, reducing the logistical challenges often associated with exploration in higher-altitude regions. The district is also well-connected by infrastructure, including highways and proximity to major urban centers. Red Metal Resources’ property is situated just 150 kilometers south of Copiapó, 25 kilometers from the coast, and only 20 kilometers west of the Pan-American Highway. This close access to infrastructure allows for easier transportation of equipment and supplies, as well as streamlined access to labor and other resources.
Company Highlights
Red Metal Resources holds 3,278 hectares across 21 secure mining claims within the Carrizal Alto mining district in the prolific Coastal Cordillera.The company’s Carrizal property comprises two projects – Farellon and Perth – located in an area with a rich history of copper and gold production.The Farellon project has over 9,000 metres of drilling, identifying 1.5 kilometres of mineralized strike length with potential for an additional 3.5 kilometres.In 2022, a high-grade surface sample from Farellon returned 5.77 percent copper, 1.55 percent cobalt, and 0.11 g/t gold.Management and insiders control approximately 35 percent of the company’s shares, aligning their interests with investors.
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