Red Metal Resources Ltd. Updates on Carrizal IOCG Property and Recent Financial Results

In a recent development, Red Metal Resources Ltd., a Canadian mining company listed on the Canadian National Stock Exchange, has provided an update on its exploration activities at the Carrizal IOCG property. The company, which specializes in the exploration and extraction of metals such as gold and copper, has reported promising results from its latest sampling and mapping work program.

The program was designed to extend and follow up on previously identified veins, covering approximately 15 kilometers of veining extending along strike from the historic Carrizal Alto mine. The highlights from this program are particularly noteworthy. Significant sample returns were reported, including 17.3% copper with 5.0 grams per tonne of gold, 7.1% copper with 8.4 grams per tonne of gold, and 6.8% copper with 7.0 grams per tonne of gold in the South Theresa Zone. This zone has shown veins with higher gold to copper ratios compared to the main Farellon structure, indicating a potentially lucrative area for further exploration.

A total of 71 samples were collected, with all samples returning higher than 1% copper. Impressively, 41 samples returned greater than 4% copper, and 22 samples exceeded 1 gram per tonne of gold. These results underscore the potential of the Carrizal IOCG property as a significant source of valuable minerals.

In addition to the exploration updates, Red Metal Resources Ltd. has also released its financial results for the quarter ending January 31, 2025. The company reported a loss per share of 0.01 CAD for the quarter, consistent with the loss per share of 0.010 CAD reported in the same quarter of the previous year. For the full fiscal year, the loss per share remained at 0.030 CAD, unchanged from the previous year. Despite these losses, the exploration results from the Carrizal IOCG property may offer a positive outlook for the company’s future prospects.

Red Metal Resources President and CEO, Caitlin Jeffs, expressed optimism about the findings, highlighting the clear definition of veins in the South Theresa zone and the potential for higher gold to copper ratios. These developments are crucial for the company as it continues to explore and develop its northern operations in Canada.

For those interested in a more detailed look at the sample results, enhanced versions of the gold and copper sample graphics are available online. These visuals provide a deeper insight into the promising potential of the Carrizal IOCG property.

As Red Metal Resources Ltd. navigates the challenges of the mining industry, the recent exploration successes and consistent financial reporting reflect the company’s ongoing efforts to discover and develop new sources of valuable minerals. With its focus on the northern regions of Canada, Red Metal Resources remains committed to advancing its exploration activities and contributing to the mining sector’s growth.

For more information on Red Metal Resources Ltd. and its operations, interested parties can visit the Canadian National Stock Exchange or the company’s official website.