Red Metal Resources Ltd.

Red Metal Defines 3-Kilometre Chargeability Trend Along Copper Gold Bearing Vein Structures at Carrizal

Red Metal Resources reported final IP and resistivity survey results from its Carrizal copper-gold-cobalt property in Chile's Atacama Region, defining a chargeability trend roughly 3 kilometres long along vein structures hosting known mineralization. The Gorda vein anomaly, the company's highest-priority target, extends about one kilometre along strike to roughly 550 metres depth — well below the ~280 metre maximum of historical drilling — and was tested by only one hole, which returned 5.7 metres grading 1.10% Cu, 0.12% Co and 0.25 g/t Au. The company will integrate the results with geology, geochemistry and LiDAR data to rank drill targets; no mineral resource has been estimated and anomalies are not confirmed mineralization. Red Metal also engaged Oak Hill Financial for a two-month advisory engagement at $12,000 per month, paid in cash with no securities compensation.

•2d ago

Red Metal Provides Farellon Mining Update

Red Metal reported ENAMI settlements for August and September 2026 ore deliveries from the Farellon project, totalling 1,042 dry tonnes with 9,603 kg contained copper and 253 g contained gold. Copper grades nearly doubled month-over-month to 1.26% insoluble copper in September as mining advanced from Level 7 to Level 9 of the north portal, with roughly 115 metres of development completed. Settlement value of approximately US$75,750 generates about US$6,440 in royalties to Red Metal at its effective 8.5% NSR — modest but non-dilutive revenue, with a further ~300-tonne lot pending settlement.

•14d ago

Red Metal Leases its Irene and Margarita Copper-Gold Concessions to Local Artisanal Miner

Red Metal's subsidiary Minera Polymet SpA has leased the Irene-Margarita copper-gold concessions to local miner CMS Catalina under a renewable five-year agreement. The deal grants Red Metal a 10% royalty on gross mineral value with a guaranteed minimum payment of US$1,000 per month, while the lessee assumes all operational risk. Production is scheduled to ramp to a minimum of 2,500 tonnes per month following an initial three-month grace period for permitting.

•2mo ago