Fact Sheet

 

 

FARELLON
Advanced Copper-Gold-Cobalt project
100% ownership 750 ha, option to own 100% 487 ha Candelaria IOCG Belt, Chile
1,237 hectares of mining claims near the historic Carizal Alto mine

  • Artisinal production commenced in January 2015,
  • 7,089 tonnes of sulphide material mined grading an average of 1.78% Cu, 6.8g/t Ag, 0.31g/t Au and
  • 1,813 tonnes of oxide material mined grading 1.56% Cu
  • 11-hole, 2233 metre RC & diamond drill program in Q2 2011 which included 3.95% copper and 0.53 g/t gold over 8 metres as well as 1.35% copper and 0.99 g/t gold over 32 metres,
  • 5-hole, 725 metre, reverse circulation drill program in Q4 2009 which included 2.57% copper and 4.16 g/t gold over 5 metres,
  • Previously explored in 1997 with 22 RC drill holes totaling 3900 metres along a 1.7 km strike length and 150 metres depth,
  • National Instrument 43-101 technical report completed in 2012

PERTH
100% Ownership, Gold-Copper Project
Candelaria IOCG Belt, Chile

  • 2,245 hectares of mining and exploration claims
  • Fault related copper gold bearing quartz veins crosscuts the property
  • 12 veins identified on surface

MATEO
100% Ownership, Copper-Gold Project
Candelaria IOCG Belt, Chile

  • 1,184 hectares of mining and exploration claims covering ground in the same belt and formation as Freeport McMoran’s Candelaria mine
  • Explored by ENAMI, the Chilean national mining company, in 1994
  • Mining results from 1994-1997 by ENAMI show 16,000 tonnes mined grading an average of 3.15% copper, 45.2 g/t silver and .74 g/t gold
  • 15 kilometres from the ENAMI state owned Cu oxide processing plant

Red Metal Resources Ltd. is an aggressive mineral exploration company
with 4 copper-gold projects in the prolific Candelaria Iron Oxide Copper-
Gold (IOCG) belt in Chile’s III Region. Chile is the world’s leading producer
of copper and one of the most stable, mining-friendly jurisdictions globally.
The IOCG belt is home to Lundin Mining's Candelaria Mine, Anglo
American's Mantoverde Mine and Capstone’s Santo Domingo deposit.

19% of world copper production is from mines producing less than 50kt of
copper a year. 35% of the worlds copper is produced in Chile. Eight mines
in the world produce greater than 400kt per year.

Red Metal, a company with a very tight share structure, has a realistic
objective of discovering a sizable copper-gold resource in the medium term.
With mid-size and major mining companies from around the world vying for
a foothold in Chile’s IOCG belt, Red Metal is extremely well positioned to
capitalize on this opportunity.