Red Metal Resources (OTCMKTS:RMES) Stock Moves Up After New Appointment

Shares of Red Metal Resources (OTCMKTS:RMES) moved up sharply on Wednesday on high volume.

Market Reaction

On Wednesday, RMES stock went up 17.65% to $0.20 with 19.45K shares, compared to its average volume of 10.85K shares. The stock has moved within a range of $0.2000 – 0.2000 after opening trade at $0.20.

Red Metal Resources Appoints Carlos Chamale as Exploration Manager

Red Metal Resources (OTCMKTS:RMES) announced on December 1, 2021 that Mr. Carlos Chamale has been appointed as Exploration Manager at the Carrizal Property in the Coastal Cordillera, Chile.

Mr. Chamale has years of experience under his belt in the mineral exploration industry. The Canadian geologist has worked across several commodities and geological terranes, with copper and gold exploration being his forte. He has expertise in various areas starting from project generation to property assessments and resource definition.

Till date, he has worked for various junior and major companies in Canada and Latin America, most recently with Fortescue Metals Group, as he spearheaded their exploration efforts in Colombia specifically for copper and gold. Mr. Chamale’s duties at Fortescue included country-wide terrane assessment, design and execution of regional exploration programs, and third-party reviews. He has also worked with Nicaragua with Condor Gold Plc on deposit-scale geological models for resource estimation and regional geochemistry.

President and CEO of Red Metal, Mr. Jeffs, warmly welcomes Mr. Carlos Chamale on board. He is certain that Mr. Chamale’s background and diverse experience will prove to be an asset and contribute greatly towards further growth of their company. Moreover, his Latin American experience is an added advantage to their Chilean exploration team to aggressively advance their Carrizal Property, which includes a couple of projects, Farellon and Perth, and spans 3,278 hectares.



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