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2017 Annual Report

Red Metal Limited annual report for financial year ended 30 June 2017.

Download report (2.6 Mb pdf) -  Printers version

 

 
Announcement 25 September 2017

Leichhardt Project Drilling Update  

Drilling on the high-amplitude magnetic target, referred to as the “Doppler” anomaly, has intersected intense magnetite-biotite altered mafic and porphyritic intermediate volcanic rock types explaining the source to this regional anomaly.
 
Based on visual analysis, no significant copper mineralisation was encountered however several widely spaced, 1-3 metre thick, shears and vein zones with weak copper sulphides are observed over the length of the hole.
 
Importantly, the porphyritic volcanic rock type and intense magnetite-biotite alteration intersected in the Doppler hole (DO-17-01) appears similar to that described in the halo surrounding the large Ernest Henry deposit.
 
Future work will be directed towards finding zones of structural brecciation and increased copper mineralisation within this interpreted alteration halo. Selective intervals of the core are being cut and assayed for copper, gold and a variety of trace elements to help guide any future step-out drill holes

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Announcement 17 August 2017

Drilling Underway on the Emu Creek JV

Joint venture partner, Chinova Resources has initiated drilling on the Emu Creek joint venture.
 
The current program aims to drill test three separate electromagnetic conductors on the Little Sandy Creek project located within 9 kilometres of Chinova’s Osborne copper and gold mine).
 
All three conductors are blind to surface but gossanous rock chip, rock float or soil samples collected directly above the modelled targets record anomalous levels of copper and associated trace elements which is encouraging.

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Video Presentation August 2017

RED METAL - MINING 2017 CONFERENCE BRISBANE

Video link for presentation at the Brisbane Mining 2017 Investor Conference August 30, 2017
Link available until September 29, 2017