Red Metal Limited

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Home Investors ASX Announcements New "Three-Ways" Zinc Project
New "Three-Ways" Zinc Project
Red Metal has secured three new exploration license applications 130 kilometres along trend from MMG’s recently commissioned Dugald River zinc-lead-silver mine in the Mount Isa region of Northwestern Queensland.
 
A regional data review by Red Metal's exploration team lead to the discovery of historic magneto-telluric (MT) data that has provided key evidence as to the zinc potential of this under explored region.
 
Modelling of the MT data has enabled Red Metal to interpret a thick, highly conductive sedimentary sequence located below 300 to 500 metres of younger cover which has the potential to host giant stratiform lead-zinc-silver deposits. The prospective sequence is interpreted over 60 kilometres of strike and has never been drill tested.