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Red Metal Resources Signs LOI to Acquire Mineral Claim Package in Ville Marie, Quebec, Contiguous to Recent Hydrogen Discovery
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2024) - RED METAL RESOURCES LTD. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Compa
About this update from Red Metal Resources Ltd.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - October 15, 2024) - RED METAL RESOURCES LTD. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) (\"Red Metal\" or the \"Company\") is pleased to announce it has entered into an Letter of Intent (the \"LOI\") with an arm's length vendor to acquire a 100% interest in three separate packages of mineral claims directly contiguous to Quebec Innovative Materials Corp. (\"QIMC\") recent Hydrogen sample discovery of over 1,000 ppm, announced on September 4th 2024. These mineral claim blocks are located within the Timiskaming Graben formation approximately 15 km north of the town of Ville Marie and accessible by road (Route 101). These claim blocks consist of three separate packages, covering 19 cells and totaling over 1,100 hectares to the North, Northeast and the Southwest of QIMC's Hydrogen sample discoveries. These claim blocks exhibit close proximity and similar geological setting to that of Quebec Innovative Materials Corp.'s recent hydrogen-in-soil discovery, with similar geology to the recent large natural hydrogen Ramsey Project discovery by Gold Hydrogen Ltd. in South Australia. Red Metal Resources President and CEO, Caitlin Jeffs stated, \"We are excited to add these highly prospective mineral claim blocks to our portfolio of clean energy exploration projects and establish a land position near QIMC's recent hydrogen discovery. The similar geology and proximity, highlights the potential for new discoveries of hydrogen with its ideal location and infrastructure, this new property represents an exciting opportunity to expand our clean energy portfolio as we continue to advance our Carrizal Copper/Gold property in Cordillera, Chile.\" Red Metal Resources intends to begin initial exploration and field work that could include: Gas sampling from the soil (soil gas survey) and conducting underwater surveys in Lake Timiskaming. These surveys can be used, among other things, to locate degassing zones associated with faults in the Timiskaming rift. Geophysical surveys could be carried out to detect deep structures in the rock. Drone surveys can also be realized to provide useful remote sensing data for hydrogen and helium exploration. Fieldwork can be carried out mainly in the Municipality of St-Bruno-de-Guigues sector. The Company is currently reviewing available data and formulating an exploration...