Red Metal Resources Ltd. (RMES) Announces Signing of Agreement to Purchase Veta Negra Property
Yesterday, Red Metal Resources Ltd. announced that the Company signed an agreement to purchase the Veta Negra Property located in III Region Atacama, Chile. Red Metal Resources Ltd. is a mineral exploration company with copper-gold assets in Chile. The Veta Negra Property is 3 kilometers west of Red Metal's Mateo Project and approximately 45 minutes from the city of Vallenar. There exists major road access, power and water supply nearby. The property lies in the Cretaceous Cerrillos Formation composed of andesites, conglomerates and arenites. The Company's geologists have reviewed the property and identified three mineralized mantos hosted in andesites on…