Key facts
| Company | Red Metal Resources Ltd. (CSE: RMES) |
|---|---|
| Commodity | Gold |
| Location | Chile |
| Stage | Early exploration |
About Carrizal Property
Project LocationCarrizal Alto, ChileProject ProfileMature ExplorationCommoditiesCopper, Gold, Silver, Cobalt
News releases18 on file
Red Metal Defines 3-Kilometre Chargeability Trend Along Copper Gold Bearing Vein Structures at Carrizal
Red Metal Resources reported final results from 2D and 3D induced polarization and resistivity surveys over its Carrizal copper-gold-cobalt property near Vallenar, Chile, identifying a chargeability trend about 3 kilometres long that follows mapped veins to depths of 350 to 500 metres. The highest-priority target is a roughly one-kilometre anomaly along the Gorda vein extending to about 550 metres
Drill resultsRed Metal's Carrizal IP Survey Defines a Chargeability Trend Across All Six Consecutive Lines, Open at Depth
Preliminary 3D induced polarization results from the southern block of the Carrizal copper-gold-cobalt property near Vallenar, Chile's Atacama Region, returned chargeability anomalies across all six lines (L0, L200, L400, L600, L800, L1000), each about 2,000 metres long and spaced 200 metres apart, traced over roughly one kilometre and open along strike and at depth. A secondary chargeability tren
Drill resultsRed Metal Site Visit Confirms Development Progress at Carrizal IOCG Project
Site visits on June 18 and July 1, 2026 confirmed that lease operator Minera KMT SpA has active mine development underway at the Farellon 1/8 concession of the Carrizal copper-gold-cobalt property in Chile's Atacama Region, with de-watering of the historic Level 7 workings at the North Mine about 90% complete and the South Mine portal advanced 10 metres toward a mineralized vein. Red Metal holds a
CorporateRed Metal Signs Mining Agreement at Carrizal IOCG Project
A 5-year renewable mining lease has been signed between Red Metal's Chilean subsidiary Minera Polymet SpA and Minera KMT SpA for the 66-hectare Farellon 1/8 concession at the Carrizal Copper-Gold-Cobalt Property in Chile's Atacama Region. KMT must extract a minimum 2,500 tonnes of ore monthly after a seven-month development period and pay annual concession taxes. Polymet will receive 10% of Cu, Ag
CorporateRed Metal Induced Polarization (IP) Survey Underway at Carrizal Property
An induced polarization survey has begun at the Carrizal Property in Chile, with a crew from Geophysical Studies Chile of La Serena mobilized to site. The program covers 37 line-kilometres across two grids, 25 line-kilometres at a northern target and 12 line-kilometres at a southwestern target, collecting chargeability data to depths of approximately 500 m. As of April 22, 2026, crews had laid out
Drill resultsRed Metal Completes LiDAR Analysis and Identifies New Exploration Targets
Analysis and interpretation of a LiDAR survey has been completed at the 100%-owned Carrizal Copper-Gold-Cobalt Property in Chile's Atacama Region, outlining 30 veins (13 primary, 17 secondary structures), 4 areas of dense historic artisanal workings with little to no previous surface sampling, and 4 new target areas. A crew from Geophysical Studies Chile has mobilized and begun a 37 line-kilometre
Drill resultsRed Metal Initiates IP Survey on its Carrizal Copper-Gold-Cobalt Project
Geophysical Studies Chile of La Serena has been engaged to complete a 37 line km induced polarization survey at the 100%-owned Carrizal Copper-Gold-Cobalt Project in Chile's Atacama Region, targeting chargeability from sulphides to depths of up to 500 m. Two grids are planned: a northern target of 10 lines of 2.5 km (25 km) and a southwestern target of 6 lines of 2 km (12 km). Results will be used
CorporateRed Metal Resources Commences Detailed LiDAR Survey on Carrizal Cu-Au-Co Property, Chile
A detailed LiDAR survey has begun over the Carrizal Cu-Au-Co property in Chile, focused on the Farellon Project, with data collection expected between February 2nd and 8th. The survey covers 1,293 hectares and will be flown by Red Rock SpA using a DJI Matrice 300 with an L2 LiDAR scanner. The data will be used to extend vein-hosting structures, locate historic workings, map geological contacts and
Drill resultsRed Metal Resources Announces Increased Financing
The size of a non-brokered private placement has been increased to up to C$1,000,000 from C$750,000, comprising up to 16,666,667 units at C$0.06 per unit. Each unit includes one common share and one warrant exercisable at C$0.09 in the first 12 months, C$0.12 from 12 to 24 months and C$0.15 from 24 to 36 months. Proceeds will fund general working capital and exploration at the Carrizal copper proj
FinancingRed Metal Resources Announces Financing
A non-brokered private placement of up to 12,500,000 units at $0.06 per unit for gross proceeds of up to C$750,000 has been launched, with each unit comprising one common share and one warrant. The warrants are exercisable at C$0.09 for 12 months, C$0.12 in months 12 to 24 and C$0.15 in months 24 to 36. Proceeds will fund general working capital and exploration at the Carrizal copper property in C
FinancingRed Metal Resources Provides Update on Results of Mapping Program on its Carrizal IOCG Property
Surface sampling and mapping at the Carrizal IOCG property in Chile's Candelaria belt returned grab samples of 17.3% Cu with 5.0 g/t Au, 7.1% Cu with 8.4 g/t Au and 6.8% Cu with 7.0 g/t Au in the South Theresa Zone. Of 71 samples collected, all exceeded 1% Cu, 41 exceeded 4% Cu and 22 returned more than 1 g/t Au. The program followed up veining extending about 15 km from the historic Carrizal Alto
Drill resultsRed Metal Resources Commences Sampling and Mapping Program on its Carrizal IOCG Property
A sampling and mapping program has begun at the Carrizal IOCG property in Chile's Candelaria belt, following up on previously identified veins spanning approximately 15 km of veining along strike from the historic Carrizal Alto mine. Samples will be sent for assay, with results expected shortly, to refine future drill targets. A 2022 program returned a high sample of 5.77% Cu, 1.55% Co and 0.11 g/
Drill resultsRed Metal Resources Plans Extensive 2025 Work Program on its Carrizal IOCG Property Following Sampling Discoveries of up to 5.77% Copper
Planning is underway for a 2025 work program at the Carrizal IOCG property in Chile's Candelaria belt, using ASTER remote sensing surveys and ground sampling to identify drill targets and extend known mineralization. The program follows a grab sample returning 5.77% Cu, 1.545% Co and 0.11 g/t Au located two kilometres along strike north of 2022 drilling on the Farellon structure, with three veins
Drill resultsRed Metal Resources Provides Corporate Update and Announces Financing
A non-brokered private placement for gross proceeds of up to C$840,000 through up to 9,750,000 units was announced: up to 3,000,000 flow-through units at C$0.10 for up to $300,000, and up to 6,750,000 non-flow-through units at C$0.08 for up to $540,000, each unit including a half warrant exercisable at C$0.12 for 18 months. Finder's fees of up to 10% may apply. Flow-through proceeds will fund expl
CorporateRed Metal Resources Engages Investing News Network
An advertising and investor awareness campaign agreement has been signed with Investing News Network, a Vancouver-based company, for a term of fourteen months commencing September 3, 2024 at a cost of $86,400 plus GST. INN currently holds no common shares and will not receive any securities as compensation. Red Metal Resources explores copper-cobalt-gold assets in Chile's Candelaria IOCG belt, inc
CorporateRED METAL ANNOUNCES PRIVATE PLACEMENT
A non-brokered private placement of up to 10,000,000 units at CDN$0.05 per unit for gross proceeds of up to CDN$500,000 is planned. Each unit includes one common share and one non-transferable warrant exercisable at CDN$0.12 for 12 months and CDN$0.20 from 12 to 24 months. Proceeds are allocated CDN$225,000 to geophysics and permitting at the Carrizal Property in Chile, CDN$225,000 to general and
FinancingRed Metal Identifies New Targets Through Mapping on the Carrizal IOCG Property
Results from the 2022 geological mapping and prospecting program at the Carrizal property in Region III, Chile included a grab sample of 5.77% Cu, 1.55% Co and 0.11 g/t Au taken two kilometres along strike north of recent drilling on the Farellon structure. Three veins were mapped in detail, each with over a kilometre of prospective strike length and mineralized grab samples, and 102 samples were
Drill resultsRed Metal Announces Final Results of Drill Program at Carrizal
Final results from the 2022 diamond drill program at the Carrizal property in Region III, Chile include 2.8 metres of 0.90% Cu, 0.02% Co and 0.04 g/t Au in FAR-22-019, and 4.4 metres of 0.35% Cu, 0.19% Co and 0.18 g/t Au in FAR-22-016, extending mineralization down dip to about 200 metres vertical depth in the north. The program comprised nine drillholes totalling 2,010 metres, testing the north a
Drill results