11:56 AM EST - Red Metal Resources Ltd. : announces that it has signed a letter of intent to purchase a 100-per-cent interest in the Irene property from Minera Farellon Ltda. Irene is a copper-silver-gold property located approximately seven kilometres east of Vallenar in the highly prospective Candelaria iron oxide-copper-gold belt and consists of two mining concessions covering approximately 70 hectares. Grab samples from Irene workings returned results of up to 7.4-per-cent copper and 1.1 grams per tonne gold. Red Metal Resources Ltd.
shares RMET are trading even at $0.12.
