Red Metal Resources Ltd. (Pink Sheets: RMES) has filed a National Instrument 43-101 technical report on their wholly owned Farellon copper-gold project. The project is located in the iron oxide copper-gold belt in Chile's Region III. The technical report was done by Micon International Ltd. and is available at www.SEDAR.com.
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Highlights from the NI 43-101 Technical Report include:
Red Metal in its acquisition of the rights to the Farellon property has acquired numerous mineral concessions in a historical mining district within Chile. The mining district, for the most part, has not been explored utilizing modern exploration technologies and techniques. Red Metal finished its first exploration program on the Farellon property and began compiling the remaining historic information with its own into a common database.
From the positive results on the company's first Farellon property exploration program, they plan to conduct additional exploration. Their next exploration phase will contain 1,200 meters of diamond drilling. This is necessary because it will help to define the structural controls on the mineralization which may have been skipped over in the past due to limited geological information that was received during the RC drilling. The program will also help to define the sulphide mineralization.
Red Metal acquired a property with a high potential for copper and gold mineralization, through its Farellon project acquisition. Micon has agreed with the general direction of the company's initial and proposed exploration programs for the project.
Red Metal is a Thunder Bay-based resource company focused on growth through acquiring, exploring and developing copper-gold assets in Chile.
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