Red Metal has Yarrie Project Tenements Granted

THE DRILL SERGEANT: Red Metal (ASX: RDM) jumped aboard the nearology train with the grant of a handful of high priority tenements located along trend from Rio Tinto’s new Winu copper and gold discovery and the Nifty copper mine.

Known as the Yarrie project, funding comes courtesy of OZ Minerals (ASX: OZL) under the terms of the Greenfields Discovery Alliance.

Red Metal said the granting of the tenements allowed the company to commence its first pass exploration programs.

Preparations for a modern, low frequency, airborne electromagnetic survey are underway.

Previous regional airborne gravity and magnetic surveys by Red Metal highlighted Rio Tinto’s Winu discovery as a low-amplitude, bullseye magnetic target along a high-gravity ridge.

Red Metal has highlighted two very similar low-amplitude magnetic bullseye targets located along the same high-gravity trend in its tenements, which are planned to be the focus of first-pass ground programs once the regional airborne electromagnetic survey has been completed.

 

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Email: info@redmetal.com.au

 

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