Red Metal Limited AGM Shareholder Presentation, 18 November 2020 |
September 2020 Quarterly Report |
HIGHLIGHTSALLIANCE WITH OZ MINERALS Mount Skipper, QLD, Zinc-Lead-Silver & Copper
Three Ways, QLD, Zinc-Lead-Silver & Copper
Gulf, QLD, Copper-Gold
Lawn Hill, QLD, Zinc-Lead-Silver & Copper
Yarrie, QLD, Copper-Gold-Cobalt
RED METAL FUNDED PROJECTS Maronan, QLD, Silver-Lead & Copper-Gold
Corkwood, QLD, Copper-Gold
Download this file (3.6 Mb pdf) |
Announcement 9 September 2020 |
Mt Skipper Project: Follow-up Drilling CompletedThe follow-up diamond core drill hole designed to test a regional magnetic anomaly was terminated at 1193.5 metres after intersecting a 153 metre interval of hydrothermal alteration and veining containing weak iron sulphide mineralisation and traces of copper sulphide mineralisation. Down-hole electromagnetic surveying was attempted but had to be abandoned due to the high in-hole temperatures affecting the survey equipment. A deep penetrating ground electromagnetic survey technique (SQUID EM) is planned over the target in about 2 months and it is hoped this technique will help locate zones of strong copper sulphide mineralisation within the broader magnetic anomaly. Detailed petrology and magnetic remanence tests will be conducted on the core to validate the magnetic source to the anomaly and help constrain future magnetic models. Assays for base metals, gold and other trace elements are pending. The drill rig has now mobilised to the Company’s Three Ways project to start a 2400m metre proof of concept drill program testing three separate, high conductance magnetotelluric (MT) anomalies.Download this announcement (1.6Mb pdf)
|
Announcement 30 October 2020 |
Three Ways Zinc and Copper Project Drilling UpdateDrill hole TWD2001 intersected a weak foliated gabbro to the end of hole at 717.7 metres. Conductive rock types include a 7.8 metre interval of semi-massive pyrrhotite veins from 665 metres and a narrow 0.5 metre interval of pyrrhotite-chalcopyrite veining from 614.4 metres (Figure 2b). Although the veins contain pyrrhotite, a strongly conductive mineral, the intervals are considered too narrow to cause the magnetotelluric anomaly. Drill hole TWD2002 intersected dolerite to the end of hole at 534 metres. No potentially conductive source rocks were observed. No economically significant intervals of copper mineralisation or lead-zinc mineralisation are visible in either of the holes. Assays for base metals, gold and other trace elements are pending. Geophysical techniques to improve follow-up drill positioning on these unresolved high conductance magnetotelluric anomalies are being assessed. Advanced three dimensional modelling and trials of deeper penetrating, moving loop electromagnetic techniques across the drilled targets are being considered. The Three Ways program is funded by OZ Minerals (ASX: OZL) under the terms of the Greenfields Discovery Alliance. The project is trialing the use of magnetotelluric surveying to identify previously unrecognised, zinc and copper prospective sub-basins with no past drill history located some 130 kilometres along trend from the Dugald River zinc-lead-silver mine. Download this announcement (1.9Mb pdf)
|
Red Metal Corporate Presentation - Mines & Money, 25 June 2020 |
Red Metal Limited Corporate Presentation, 25 June 2020Download this file (4.2Mb pdf) |
Annual Report 2020 |
Annual Report 2020Download this report (9 Mb pdf)
|