Last $0.08 USD
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RMES On Other Exchanges
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As of 8:10 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

red metal resources ltd (RMES) Snapshot

Open
$0.08
Previous Close
$0.08
Day High
$0.08
Day Low
$0.08
52 Week High
02/18/14 - $0.20
52 Week Low
07/8/14 - $0.04
Market Cap
2.6M
Average Volume 10 Days
3.6K
EPS TTM
--
Shares Outstanding
33.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RED METAL RESOURCES LTD (RMES)

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red metal resources ltd (RMES) Details

Red Metal Resources Ltd. locates, acquires, explores, and develops mineral resources in Chile. It primarily explores for copper, gold, silver, and cobalt deposits. The company holds interest in the Farellon property located in the Carrizal Alto mining district; and the Perth Property located in the III Region of Atacama, Chile. It also holds interest in the Mateo property located in the Candelaria IOCG belt in the Chilean Coastal Cordillera, 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 founded in 2005 and is headquartered in Thunder Bay, Canada.

red metal resources ltd (RMES) Top Compensated Officers

Chief Executive Officer, President, Corporate...
Total Annual Compensation: --
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: --
Vice President of Exploration and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

red metal resources ltd (RMES) Key Developments

Red Metal Resources, Ltd. Provides Mining Update for Farellon Property

Red Metal Resources Ltd. provided an update on mining activities being conducted by Minera Farellon, an affiliated company, on the Farellon copper-gold project. Mineral Farellon will be selling ore to Empresa Nacional de Mineria, a Chilean national mining company with regional processing facilities and paying Red Metal's Chilean subsidiary, Minera Polymet, a royalty. Minera Farellon has provided Red Metal with an update on activities. Approximately 250 meters of mine development have been completed and has reached a level approximately 28 metres vertical depth from surface. Production has just started on a vein face averaging 7 metres wide. A first load of 446.5 tonnes of ore has been delivered to ENAMI; grades are listed in the table below. A Red Metal geologist has visited site and confirmed the width of the vein and the nature of the mineralization and noted strong oxide, supergene mineralization consisting of chalcocite, azurite, malachite and tenorite. The Farellon property consists of eight mining and exploration concessions totaling 1,002 hectares in the Carrizal Alto mining district located approximately 75 kilometers northwest of the city of Vallenar, 150 kilometers south of Copiapo and 20 kilometers west of the Pan American Highway. The property is easily accessible year round by dirt roads that crisscross the property and is located close to power, water and a major urban center, Copiapo, with a readily available mining workforce.

Red Metal Resources, Ltd. Provides an Update on Mining Activities

Red Metal Resources, Ltd. provided an update on mining activities being conducted by Minera Farellon, an affiliated company, on the Farellon copper-gold project. Minera Farellon has a permit to mine up to 500 tonnes per month on the Farellon project. Minera Farellon has provided Red Metal with an update on activities. Mining development has reached approximately 20 meters vertical depth. The main target is an area intersected in 2011 and 2013 drilling campaigns included intercepts in drill holes FAR-11-001 of 3.95% Cu and 0.53 g/t Au over 8 meters, FAR-13-002 of 2.15% Cu and 0.28 g/t Au over 7 meters and FAR-13-001 of 0.70% Cu and 0.20 g/t Au over 6 meters including 1.25% Cu and 0.34 g/t Au over 2 meters. The target area is at 35 meters vertical depth from surface. During mining development the vein zone has been intersected several times and ore material has been removed and sold to ENAMI, a Chilean national mining company with regional ore processing plants.

Red Metal Resources Provides Project Update for Activities on its Perth and Farellon Projects in III Region, Chile

Red Metal Resources, Ltd. provided project updates for activities on its Perth and Farellon Projects in III Region, Chile. The Perth property is 2,280 hectares in size over 12 mineral concessions, and overlies the contact between the San Antonio diorite complex to the west, and a metamorphosed sedimentary unit to the east with several structurally-related veins and dykes containing significant gold and copper mineralization. Sampling in 2011 consisted of 129 reconnaissance samples over the entire property, with assays of up to 29.93 g/t gold and 7.74% copper. Development commenced in January and has reached a depth of approximately 20 metres. Minera Farellon is working towards several drill intercepts that start at 35 metres vertical depth and include intercepts in drill holes FAR-11-001 of 3.95% Cu and 0.53 g/t Au over 8 metres, FAR-13-002 of 2.15% Cu and 0.28 g/t Au over 7 metres and FAR-13-001 of 0.70% Cu and 0.20 g/t Au over 6 metres including 1.25% Cu and 0.34 g/t Au over 2 meters. Results of ore sales from the Farellon Project are expected soon. The Farellon property consists of seven mining and exploration concessions totaling 1,053 hectares in the Carrizal Alto mining district located approximately 75 kilometers northwest of the city of Vallenar, 150 kilometers south of Copiapo and 20 kilometers west of the Pan American Highway. The property is easily accessible year round by dirt roads that crisscross the property and is located close to power, water and a major urban centre, Copiapo, with a readily available mining workforce.

 

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