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Red Metal's Significant Survey Results at Carrizal Project

Red Metal Resources Ltd. has recently shared promising preliminary findings from their induced polarization (IP) survey at the Carrizal Copper-Gold-Cobalt Property, situated near Vallenar in Chile's Atacama Region. Conducted on all six of the survey lines, these results have identified critical chargeability anomalies that hold substantial implications for the exploration and development of the site.

Overview of the Survey

The 3D IP survey campaign conducted on the southern block of the Carrizal property spanned six lines (L0, L200, L400, L600, L800, and L1000), each line extending approximately 2,000 meters and spaced 200 meters apart. The main goal of the survey was to determine the chargeability response from the primary sulphide zone, assessed at depths ranging between 100 meters and 500 meters. Initial results reveal a prominent chargeability high that corresponds with historic drilling data and spatially lines up with a zone of decreased resistivity—an essential indicator of possible mineral deposits.

Key Findings

1. Defined Chargeability Trend: Across all six IP lines, analysts have recorded a consistent chargeability trend spanning nearly one kilometer in length, extending both along strike and at depth. This consistent response, especially where it aligns with previously sampled structures, suggests the potential for significant mineralization beneath the surface.
2. Secondary Chargeability Signal: The eastern portion of Lines L800 and L1000 revealed an additional chargeability trend at depth, coinciding with a previously mapped and sampled vein. The implications of this find could lead to further opportunities for extraction.
3. Exploration Status: To date, drilling on the Carrizal property has not yet targeted the most significant anomalies characterized by this survey. This leaves ample room for future exploration efforts that could increase the property’s mineral asset value.

Survey Methodology

The IP survey, commissioned to Geophysical Studies Chile, implemented a sophisticated three-dimensional approach utilizing overlapping data blocks to gain a comprehensive understanding of the subsurface. The 3D distributions allowed for true three-dimensional data collection, fundamentally improving accuracy and target identification. The method employed for data acquisition included a pole-dipole resistivity study in the time domain, leveraging a multi-receiver setup that ensured simultaneous recording along various lines.

Statement from Leadership

Caitlin Jeffs, President and CEO of Red Metal Resources, expressed her enthusiasm regarding these developments, stating, "These preliminary IP results are very encouraging. We have a strong chargeability anomaly that is coincident with mapped and sampled structures. This gives us compelling, drill-ready targets as we integrate geophysics with our historical drilling and surface geology."

Next Steps for Red Metal

In the wake of these initial survey results, Red Metal Resources plans to:

• - Integrate findings from the northern block of the survey with the current data to build a robust 3D model, including historical drilling, structural mapping, and geochemical analyses to prioritize drilling targets.
• - Schedule drilling operations aimed specifically at the identified high-priority anomalies discovered through this survey.

Cautionary Note

It is essential to recognize that the results from this survey are preliminary and based on geophysical inversion modeling. Without drilling, the exact relationship between geophysical anomalies and mineralization cannot be confirmed. Such ensuing exploration efforts will be vital to substantiate the potential indicated by preliminary findings.

Company Background

Red Metal Resources Ltd. is committed to growth through the exploration and development of clean energy and strategic mineral projects. Their portfolio comprises valuable assets in Chile as well as additional claims across Quebec and Ontario.

For further information about Red Metal Resources and their projects, visit www.redmetalresources.com.