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Red Metal Resources Ltd C.RMES

Alternate Symbol(s):  RMESF

Red Metal Resources Ltd. engages in the acquisition, exploration, and development of mineral resource properties in Chile. The company explores for copper, gold, cobalt, and silver deposits. Its flagship project is the Farellón project comprising eight mining concessions covering 1,234 hectares located in the Carrizal Alto mining district, Chile. The company was formerly known as Red Lake Exploration, Inc. and changed its name to Red Metal Resources Ltd. in August 2008. Red Metal Resources Ltd. was incorporated in 2005 and is headquartered in Vancouver, Canada.


CSE:RMES - Post by User

Post by David8888on Dec 16, 2024 3:39am
77 Views
Post# 36363580

Red Metal Resources RMES - Copper Property in Chile

Red Metal Resources RMES - Copper Property in ChileCopper will be one of the big stories in 2025

RMES has a solid property in Chile:

Carrizal Property

Project Location:
Coastal Cordillera Chile
Project Profile:
Mature Exploration
Commodities:
Copper, Gold, Silver, Cobalt

 

The Carrizal Property is located approximately 130 km south of Copiapo and lies adjacent to the historic Carrizal Alto mining complex.  The Carrizal Property encompasses two distinct projects, the Farellon and the Perth. The Farelln project was mined on a limited basis during the 1940’s after the Carrizal Alto mine had already ceased operation, very little information regarding the mining has survived but there is a small amount of historical data located in the SERNAGEOMIN national archives in Santiago. The Perth project has several veins, the Puenta Negra, Argentina and Dos Amigos that have historically been mined, but no records can be found. 

Historical records indicate that copper mining commenced at Carrizal Alto in the 1820's and continued on a significant scale, mostly by British companies, until 1891 when disastrous flooding occurred and mines closed. It is estimated that during this period, in excess of 3 million tonnes, with grades in excess of 5% copper and widths of 8m, was extracted as well as there was a large quantity of direct shipping ore at ~12% copper.  At one time there was a considerable body of tails present to support to these figures but high copper and gold prices in recent years have led to reprocessing of any available tailings and waste dumps.

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