Drilling is underway to test a high-amplitude magnetic target situated along the northern margin of the Curnamona Craton in South Australia.

 

The magnetic target, referred to as the “Woolatchi” anomaly, is considered by Red Metal to be highly prospective for a large iron-oxide copper-gold breccia system.

 

Limited drilling on other high-amplitude magnetic anomalies in the district has intersected wide zones of hydrothermal breccia which compare favorably with the geology of copper-gold breccia systems in the proven Gawler Craton and Mount Isa Inlier