VANCOUVER, Calif., Nov. 14, 2011 (GLOBE NEWSWIRE) -- Red Metal Resources (OTCBB:RMES.OB) last month announced significant results in gold deposit assays at its Mateo Property in Chile. In an interview with Equities.com CEO Caitlin Jeffs expressed confidence in the area's potential, as Red Metal, "consistently found strong gold and copper numbers through the entire property in every mineralized zone."
The Vancouver-based exploration company may be well positioned for significant growth as it aggressively acquires, explores and develops precious metal assets in its Chilean properties.
Last month's reports displayed sample assays of 10.30% Copper and 21.72 g/t Gold on the Mateo Property. "The property has been mined historically in a few areas and from the records we have found there was an average grade of 0.7g/t gold. We mapped two new gold zones with numerous high grade gold samples with up to 21 g/t on one zone. Finding these results at low elevations is even more advantageous," says Jeffs.
Red Metal's management has a strong geological and exploration background, complemented by financial and business expertise, setting RMES "apart from the majority of junior resource companies," and providing additional value to shareholders. Read the Exclusive Interview with Caitlin Jeffs on Equities.com
About Red Metal Resources Ltd.
Red Metal Resources is a mineral exploration company focused on aggressive growth through acquiring, exploring and developing copper-gold assets in Chile. Our projects are located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera, host to Freeport-McMoRan's Candelaria Mine and Anglo American's Mantoverde Mine. Red Metal is a fully reporting U.S. public company quoted on the OTCBB under the symbol RMES. For more information, visit www.redmetalresources.com
Except for the statements of historical fact, the information contained herein is of a forward-looking nature. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievement of the company to be materially different from any future results, performance or achievements expressed or implied by statements containing forward-looking information. Accordingly, you should not place undue reliance on statements containing forward looking information. The U.S. Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We may use certain terms in our press releases, such as "measured," "indicated," and "inferred" resources, which the SEC guidelines generally prohibit companies from including in their filings with the SEC. Investors are urged to consider closely the disclosure in our Form 10-K, which may be obtained from us, or from the SEC website.
Contact:
Adam Rabiner
Corporate Communications
604-648-0513 or 1-866-907-5403
invest@redmetalresources.com www.redmetalresources.com
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