Red Steel Resources Ltd. (CSE: RMES) (OTC Purple: RMESF) (FSE: I660) (“Red Steel” or the “Company”)is chuffed to exclaim it has entered into an Letter of Intent (the “LOI”) with an arm’s dimension provider to manufacture a 100% passion in three separate packages of mineral claims straight contiguous to Quebec Innovative Materials Corp. (“QIMC”) most up-to-date Hydrogen sample discovery of over 1,000 ppm, offered on September 4th 2024. These mineral mumble blocks would be found within the Timiskaming Graben formation approximately 15 km north of the metropolis of Ville Marie and accessible by avenue (Route 101).
These mumble blocks encompass three separate packages, protecting 19 cells and totaling over 1,100 hectares to the North, Northeast and the Southwest of QIMC’s Hydrogen sample discoveries. These mumble blocks screen shut proximity and the same geological setting to that of Quebec Innovative Materials Corp.’s most up-to-date hydrogen-in-soil discovery, with the same geology to the most up-to-date enormous pure hydrogen Ramsey Mission discovery by Gold Hydrogen Ltd. in South Australia.
Red Steel Resources President and CEO, Caitlin Jeffs said, “We’re inflamed so as to add these extremely possible mineral mumble blocks to our portfolio of swish vitality exploration tasks and set a land space shut to QIMC’s most up-to-date hydrogen discovery. The the same geology and proximity, highlights the different of contemporary discoveries of hydrogen with its excellent situation and infrastructure, this contemporary property represents a thrilling different to broaden our swish vitality portfolio as we continue to method our Carrizal Copper/Gold property in Cordillera, Chile.”
Red Steel Resources intends to begin preliminary exploration and discipline work that could encompass:
- Gasoline sampling from the soil (soil gas peep) and conducting underwater surveys in Lake Timiskaming.
- These surveys could perhaps also be ancient, among various issues, to detect degassing zones connected to faults within the Timiskaming rift.
- Geophysical surveys will doubtless be applied to detect deep structures within the rock. Drone surveys can additionally be realized to achieve handy some distance away sensing data for hydrogen and helium exploration.
- Fieldwork could perhaps also be applied basically within the Municipality of St-Bruno-de-Guigues sector.
The Company is currently reviewing obtainable data and formulating an exploration concept for the contemporary claims with additional main components to be equipped within the break. Once due diligence is executed and all mumble applications gain been licensed, the Company will enter into a definitive mumble aquire agreement.
This info liberate could gain knowledge about adjoining properties on which the Company has no factual to uncover or mine. Merchants are cautioned that mineral deposits on adjoining properties are now not indicative of mineral deposits on the properties discipline to the LOI.
Resolve 1. Claim Ranking Plan
Resolve 2. Plan of the Timiskaming Graben (Outlined in Red)
https://en.wikipedia.org/wiki/Timiskaming_Graben
The Timiskaming Graben is a 400 km (250 mi) prolonged and 50 km (31 mi) wide depression straddling the Ontario–Quebec border in Eastern Canada. It is a northwesterly extension of the Ottawa-Bonnechere Graben, a failed arm of the Saint Lawrence rift machine which is expounded to the opening of the Iapetus Ocean.
Formation of the Timiskaming Graben corresponded with give method of the regional crust alongside the Quinze Dam and Substandard Lake faults perhaps as early as 2.4 billion years within the past. It used to be then reactivated right thru courses of crustal extension connected to the breakups of supercontinents Rodinia and Pangaea and right thru compression connected to the assorted orogenies that formed the Appalachian Mountains. The Timiskaming Graben is now in part stuffed by Lake Timiskaming, a 100 km (62 mi) prolonged successor to the grand bigger glacial Lake Barlow which drained on the close of the excellent glacial duration about 8,000 years within the past.
The Timiskaming Graben is a seismically challenging structure within the Western Quebec Seismic Zone. Reactivation of faults has resulted in earthquakes, such because the 1935 Timiskaming earthquake.
Terms of the LOI
The LOI contemplates up to two weeks’ due diligence duration with a non-refundable deposit of $5,000 plus GST and the issuance of 1,600,000 general shares of the Company.
Licensed Individual
The technical reveal of this info liberate has been reviewed and licensed by Mitchell Lavery, P.Geo.(QC), who is a Licensed Individual (“QP”) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About Red Steel Resources Ltd.
Red Steel Resources is a mineral exploration firm centered on sing thru shopping, exploring and growing copper-cobalt-gold sources in Chile. The Company’s tasks would be found within the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile’s coastal Cordillera. Red Steel is quoted on the CSE under the image RMES, on OTC Hyperlink different trading machine on the OTC Purple marketplace under the image RMESF, and on Frankfurt Stock Exchange under the image I660.
For added knowledge, consult with www.redmetalresources.com.
Ahead-Taking a peep Statements – All statements on this press liberate, various than statements of historical truth, are “forward-making an strive knowledge” within the that implies of relevant securities legal pointers. Red Steel affords forward-making an strive statements for the explanation of conveying knowledge about most up-to-date expectations and plans relating to the prolonged high-tail and readers are cautioned that such statements could now not be relevant for various beneficial properties. By its nature, this knowledge is discipline to inherent dangers and uncertainties that will be general or explicit and which give upward push to the chance that expectations, forecasts, predictions, projections or conclusions is now not going to notify in confidence to be wonderful, that assumptions could now not be honest and that dreams, strategic targets and priorities could now not be executed. These dangers and uncertainties encompass but are now not restricted to the flexibility to steal ample financing, receipt of required approvals, as well as those dangers and uncertainties identified and reported in Red Steel’s public filings under its SEDAR+ profile at www.sedarplus.ca. Despite the real fact that Red Steel has attempted to call main components that can cause true actions, events or outcomes to fluctuate materially from those described in forward-making an strive knowledge, there could very well be various components that cause actions, events or outcomes to now not be as anticipated, estimated or supposed. There could perhaps also be no assurance that such knowledge will notify in confidence to be wonderful as true outcomes and future events could fluctuate materially from those anticipated in such statements. Red Steel disclaims any plot or obligation to exchange or revise any forward-making an strive knowledge, whether or now not as a outcomes of most up-to-date knowledge, future events or otherwise except required by law.
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