Red Metal Limited

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Home Projects By Province Paterson Province - Yarrie Project
Paterson Province

Yarrie Project: Copper-Cobalt and Copper-Gold

Red Metal have secured five new exploration license applications covering almost 2,000 square kilometres in this highly prospective base metal province.

Yarrie has seen little past exploration but is well located along trend from Metal X Limited’s Nifty copper mine and Rio Tinto’s new Winu copper and gold discovery.

Combining recently released Falcon airborne gravity imagery with vertical gradient magnetic imagery has allowed Red Metal to highlight Rio Tinto’s Winu discovery as a low-amplitude, bullseye magnetic target along a high-gravity ridge.  Two very similar low-amplitude magnetic bullseye targets along the same high-gravity trend are evident in Red Metal’s tenement application further to the north northwest.

Furthermore, new magnetic imagery mapping the northwest extension of the Nifty trend has enabled Red Metal to interpret a series of dome-shaped antiform structures located below 200 to 500 metres of younger sedimentary cover.  These potential dome-shaped features are considered to be highly prospective for giant sedimentary-hosted copper-cobalt deposits as occur elsewhere in the province. Global examples of sedimentary-hosted copper-cobalt deposits include the structure controlled Mount Isa deposit with over 225 million tonnes and the more stratabound Kamoa-Kabula deposit In the Congo with over 1 billion tonnes each grading over 3% copper. 

Red Metal is proposing to utilize modern, deep penetrating, ground electromagnetic surveying methods to map prospective stratigraphy and rank the dome-shaped structures for drill testing.