Red Mountain Mining Limited Launches 2025 Gold-Copper Exploration at Ontario’s High-Grade Fry Lake Project with OJEP Funding and Strategic Partnership

Monday, July 28, 2025
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9:16 am
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Red Mountain Mining Ltd has kicked off its 2025 exploration at its Fry Lake Gold-Copper Project in Canada. The program will conduct channel sampling and soil grid analyses to follow-up on high-grade gold and copper anomalies—potentially leveraging government funding to cover exploration costs.

Red Mountain Mining Limited has initiated its 2025 exploration program at the Fry Lake Gold-Copper Project in Ontario, Canada. The work focuses on the Flicka Lake claim, where historical exploration data and recent assays suggest significant potential for high-grade gold and copper mineralisation. The campaign will be concentrated on highly anomalous zones, including three established gold-bearing quartz vein systems in the Flicka Zone, with historical channel sampling reporting values ranging from approximately 10.90 to over 20 g/t gold. Recent rock chip results, notably one showing 24.2 g/t gold, bolster confidence in the region’s mining potential. The exploration approach combines channel sampling along the mapped strikes of these quartz veins with detailed 25-meter grid soil and rock chip sampling across four target areas. One grid, for example, recorded soil samples with up to 17.8 g/t gold and over 500ppm copper, while another highlighted a copper anomaly registering as high as 2420ppm, hinting at polymetallic systems with additional base metals. This integrated sampling design aims to better define the strike extent, width, and grade distribution of the mineralisation while exploring additional targets for both vein-hosted gold and copper-rich deposits. The initiative benefits from a strategic partnership with Fladgate Exploration Consulting Corporation, who is undertaking the on-ground work in exchange for shares of Red Mountain Mining Limited rather than traditional cash remuneration. This deal not only underscores Fladgate’s confidence in the project's potential but also helps conserve cash resources. Further strengthening the project’s prospects, the company has applied for support under the Ontario Junior Exploration Program, a grant that, if granted, will reimburse 50% of on-site exploration expenses up to CAD $120,000, effectively reducing the company’s net cash expenditure. The news suggests a bullish outlook as the comprehensive exploration program could unlock significant value for Red Mountain Mining Limited. The combination of encouraging historical results, a detailed sampling grid, and strategic partnerships hints at an increased probability of delineating economically viable mineralisation. However, as is common in early-stage exploration, risks remain due to the inherent uncertainties of resource development and the technical challenges of interpreting the variable geology of the Archaean Meen-Dempster Greenstone Belt. Overall, while the announcement positions the company on a promising path, cautious optimism is advised among market participants until further drill results and resource definitions emerge.

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