Red Metal Resources has begun a combined diamond drilling and reverse circulation (RC) campaign for about 2000 m at its Farellon copper-gold project. The plan of the drilling program is to continue the down dip expansion on the well-known mineralized zones and examine the areas with large information gaps.
The CEO of the company has stated that this drilling program at Farellon is the first in almost two years and is expecting to aggressively develop the project. Red Metal had performed 725 m RC drilling program, totaling five holes at the Farellon property in the fall of 2009.
The company has intersected 0.44 g/t gold, 1.63 % copper over 9 m and 0.18 g/t gold, 0.62 % copper over 30 m in the hole FAR-09-A. It has also cut 4.16 g/t gold, 2.57 % copper over 5.0 m and 0.79 g/t gold, 0.55 % copper over 30.0 m in the hole FAR-09-C and 0.58 g/t gold, 1.46 % copper over 3.0 m and 0.12 g/t gold, 0.30 % copper over 44.0 m in the hole FAR-09-E.
Farellon is a project containing gold and copper in the productive Candelaria iron oxide gold-copper belt. The former work, which was completed in 1997, by an Australian-based firm, comprised 3900 m, totaling 22 RC drill holes along a strike length of 1.7 km of a well-known mineralization that is present in a mineralized fault zone along the strike from the significant Carrizal Alto mine
Source: http://www.redmetalresources.com/