Red Metal Limited

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June 2014 Quarterly Report

Quarterly Report and Cash Flow for 30 June 2014

Maronan, QLD, Silver-Lead & Copper-Gold

  • Step-out drilling in progress.
  • The first holes aim to intersect the host horizons about 100 metres north of the significant mineralisation in MRN13002
  • Once completed, deeper drill holes will test the vertical continuity and zonation of the mineralisation below MRN13002.

Tennant Creek, NT, Copper-Gold

  • Heritage surveys over five significant magnetic targets successfully completed.  Field work planned to commence this dry season.

Joint Venture Activity

  • Partner-funded drilling on the Corkwood (copper-gold), Emu Creek (copper-gold) and Barton (heavy mineral) joint venture projects planned for 2014.

Corporate Activity

  • $5.1 million placement closes oversubscribed.
  • Company in a strong financial position with in excess of $6.4 million in available funds.

 

 
Announcement 24 July 2014

Drilling Underway at Maronan Project, NW QLD

The first of a series of step-out exploration holes on the Company’s 100% owned Maronan silver and lead project is underway.

Drill hole MRN14001 targets the host horizons about 100 metres north of the significant mineralisation intersected in MRN13002 and is designed to test the hinge zone of the northern fold structure.

The hole is expected to take about three to four weeks to complete. Visual results will be announced upon completion.

Download this announcement (980kb pdf)

 

 
Announcement 28 January 2014

Assay Results - drill hole MRN13002, Maronan Project, NW QLD

The Board of Red Metal is pleased to announce that assaying of cores from drill hole MRN13002 has defined multiple separate horizons of strong Cannington Mine-style lead mineralisation with strong silver values

Significant down-hole intercepts include:

2.3m from 459.6m at 9.8% lead, 277 g/t silver;

13.7m from 483.3m at 7.9% lead, 230 g/t silver;

10.1m from 516.9m at 8.9% lead, 202 g/t silver;

15.1m from 548.9m at 5.8% lead, 134 g/t silver;

These very exciting results confirm the continuity of the strong lead and silver mineralisation to shallow levels below the northern hinge zone and significantly expand the geological potential of this very large, under-drilled, mineralised system.

Starting at a down-hole depth of just 460 metres these intersections are thicker, higher grade and at significantly shallower levels than those of the earlier drilling campaigns carried out in 2013 and 2012.

Download this announcement (1.4Mb pdf)

 
Announcement 24 February 2014

Investor Presentation - Maronan Project, NW QLD

A slideshow presented at the RIU Explorers Conference in Fremantle, 19-20 February 2014.

Viewable on our website: Link

Maronan Project Animated 3D Model

Viewable on our website: Link

 
2013 Annual Report

Red Metal Limited annual report for 2013 financial year (printer's version)

Download report (3.2 Mb pdf)