Red Metal Resources Ltd. (PINK SHEETS:RMES), a resource company focused on growth through acquiring, exploring and developing copper-gold assets in Chile, has announced the following results for its recently completed five hole, 725 meter, reverse circulation drill program on its 100% owned Farellon copper-gold project:

The 2009 drill program was designed to confirm historic drilling results. The Farellon Property was last explores in 1997. Of the five drill holes, three holes FAR-09-A, B and E, tested historic intersections, and two, FAR-09-C and D tested depth extents of the previously known mineralization.

Results of the drilling show grades and widths of mineralization are consistent with historic drilling results as listed in the table below and give some valuable geological information showing a possible shallow 30-degree dip of the mineralization.

Red Metal's Farellon Property is a copper-gold property in the prolific Candelaria Iron-Oxide Copper-Gold belt. Previous work has outlined a 1.7 kilometer strike length of known mineralization hosted in a mineralized fault zone along strike from the historic Carrizal Alto mine.

Red Metal's President, Caitlin Jeffs, stated, "We are encouraged by the results from this round of drilling which confirms the potential of the Farellon property, and are eager to expand on these results."

This news release was prepared by Michael Thompson, P. Geo, the project Qualified Person under the definition of NI 43-101.

Red Metal is a Thunder Bay-based resource company focused on growth through acquiring, exploring and developing copper-gold assets in Chile.

Post your comment  (0)

Connect:

Post to Twitter

Post to Facebook