Red Lake Exploration, Inc. (RLKX.OB) Reports Mining Results from its Santa Rosa Property Located in Chile
Red Lake Exploration announced a summarization of its results of the contract mining regarding its Santa Rosa copper-gold property in Chile. The Santa Rosa property consists of two mining and exploration concessions, totaling 110 hectares. It is located within the highly prospective Candelaria iron-oxide-copper-gold (IOCG) belt. The strong potential of this property has been confirmed by the identification of multiple mineralized structures with significant alteration indicators of IOCG systems. Red Lake acquired the option on the Santa Rosa property in February of this year. As terms of the agreement, the vendor pays the Company a royalty of 5% of the…