Red Metal starts lidar survey at Carrizal

Executive Summary

• Red Metal Resources Ltd. has commenced a detailed LiDAR survey over the Farellon project, part of its Carrizal Cu-Au-Co property in Chile.
• The survey aims to identify historic workings, subtle structural pathways, and geological contacts to develop high-priority drill targets for future exploration.
• Data collection is scheduled to occur between February 2 and February 8, covering 1,293 hectares.

Key Details

• Survey Scope: The LiDAR survey covers 1,293 hectares of the Farellon portion of the Carrizal property.
• Technology & Equipment: The survey utilizes a DJI Matrice 300 drone equipped with a LiDAR L2 scanner, operated by Red Rock SpA.
• Timeline: Data collection is expected to be completed between Feb. 2 and Feb. 8.
• Technical Objectives:
  • Extend vein-hosting structures beyond currently mapped extents.
  • Identify historic workings that are no longer visible at the surface or via satellite imagery.
  • Conduct detailed geological contact mapping.
  • Identify subtle structures that may serve as pathways for mineralization.
• Geological Context:
  • Prior surface work identified distinct mineralization zonation.
  • South Theresa and Armonia veins (southeast) show a higher gold-to-copper ratio compared to the Farellon and Gorda veins (west).
  • The LiDAR data will be combined with existing surface sampling and mapping to prioritize drill targets.
• Qualified Person: The technical content was reviewed and approved by Caitlin Jeffs, PGeo, a Qualified Person as defined in National Instrument 43-101.

Notable Quotes

• "Utilizing high-resolution lidar allows us to identify historic workings and subtle structural pathways that satellite imagery simply cannot catch. This is a cost-effective way to develop better targets focusing on the most promising gold and copper zones identified in our recent surface programs." — Caitlin Jeffs, President and CEO