Red Metal JV Partner Commences Emu Creek Drilling

THE DRILL SERGEANT: Red Metal (ASX: RDM) announced its Joint Venture partner, Chinova Resources has initiated drilling on the Emu Creek JV in Queensland.

Red Metal said the current program aims to drill test three separate electromagnetic conductors on the Little Sandy Creek project located within nune 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,” Red Metal said in its ASX announcement.

“The largest of the conductors (LSD_Shear) is about one kilometre long and models at about 200 metres below surface.

“It is situated along the broad north northeast trending structural corridor that hosts the Osborne and Kulthor deposits.”

Red Metal’s Emu Creek farm-in agreement with Chinova Resources covers a series of geophysical and structural copper-gold targets located within trucking distance of the Osborne mine.

Under the agreement Red Metal can maintain the right to 30 per cent of any discovery.

Email: info@redmetal.com.au

Website: www.redmetal.com.au