Red Metal Resources expands position in natural hydrogen district, Quebec
RED METAL RESOURCES LTD. has acquired a 100% interest in four additional mineral claims directly contiguous to Quebec Innovative Materials Corp.'s ("QIMC") recent expansion claims staking and in the area of its expansion of its natural renewable hydrogen discovery (See QIMC news dated October 3rd 2024).
The Company's four new claims are located to the North of QIMC's announced 11 km expansion of natural renewable hydrogen discovery. Recent soil gas measurements from QIMC's Line 13 recorded at 594, 543, and 463 ppm, are the highest levels detected outside of those previously reported from Line 7 on September 4th, 2024, press release. These new high readings by QIMC, located 11 km northwest of the 1,000 ppm samples collected on Line 7, highlight the district hydrogen-rich zone across the Ville Marie property.
This news release contains information about adjacent properties on which the Company has no right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.
Red Metal has now acquired 100% interest in four separate packages of mineral claims and mineral claim applications and is currently reviewing regional geological data to assist in the evaluation of potential additional acquisitions in the immediate area as well as the formulation of an initial exploration plan with further details to be provided in due course.
Red Metal Resources President and CEO, Caitlin Jeffs, stated, "We are aggressively expanding our geological footprint in this emerging natural hydrogen district and are actively evaluating additional acquisitions in the area. Recent natural hydrogen discoveries demonstrate the rich potential and uniqueness of this region and strategically positions Red Metal amongst first movers of sustainable energy solutions through renewable natural hydrogen. Red Metal is actively planning an initial exploration program directly next to QIMC's recent hydrogen discovery. This new property represents an exciting opportunity to expand our clean energy portfolio as we continue to advance our Carrizal Copper/Gold/Cobalt property in the Coastal Cordillera, Chile."
Red Metal's claim blocks now consist of four separate packages, covering 23 cells and totaling over 1,300 hectares to the North, Northeast and the Southwest of QIMC's Hydrogen-in-soil sample discovery. These claim blocks are contiguous on three sides to Quebec Innovative Materials Corp. and cover possible extensions in multiple directions. To date, 15 of the 23 cells have been approved by the Quebec Ministry of Natural Resources and Forests.
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