RLKX.OB Hoping to Strike it Rich in the High Priced Commodities Market
Red Lake Exploration is a North American-based mineral company headquartered in Richmond, Canada, that focuses on purchasing, exploring and developing mineral rich properties in Chile. The company currently has three simultaneous projects going on in the copper, gold and silver-rich areas of Chile’s III region. These historically successful mines have been revisited because of new exploration techniques and mechanized mining equipment that has been developed since the last exploration projects took place.
The first project is the Camila Breccia. This is the company’s copper-gold project in the Candelaria iron-oxide-copper-gold (IOCG) belt of Chile’s coastal cordillera. Exploration of the property began on March 18, 2008, and has returned some impressive early results. The exploration consisted of roughly 1,000 meters of diamond drilling which returned gold and copper grab samples containing higher than expected levels of the minerals.
The company’s second project is the Santa Rosa copper gold project. This property is another copper-gold project and is also located in the Candelaria IOCG Belt, just a 45 minute drive north northwest from Vallenar City. This project is classified in the advanced exploration stage.
Finally, the company’s third project is the Farellon property, also located in the Candelaria IOCG Belt. Another company, Latitude Resources, reported in May 2006 an inferred resource of 11.2 MT at 0.64% Cu and 0.14 g/T Au in oxides and 15.82 MT at 1.12% Cu and 0.31g/T Au in sulphides at their Filipina Grande Project.
The potential for large gold, copper and silver reserves at these three locations is undeniably present. Red Lake Exploration’s management team brings nearly 30 years of experience to the projects. Members of the team have expertise in fields ranging from geology and base metal exploration to finance. With a huge potential for results, and most commodities, including precious metals, at record high levels, Red Lakes Exploration is on target to strike it rich.
