Mars's surface is, in fact, red because of the oxidation of the metals and iron within the ground. This would make your claim accurate for the most part. The oxidation occurs with the iron within the rocks, regolith (which is Martian Soil), and even the iron within the fine dust. This would turn the iron into "Iron Oxide," causing this reddish color.
This information isn't incredibly hard to find, but you can trust, of course, the official NASA website on this topic, along with other questions you may have on Mars or any other planet/Terrestrial planet.
Here is NASA: https://science.nasa.gov/mars/facts/#:~:text=The%20reason%20Mars%20looks%20reddish,the%20planet%20appear%20mostly%20red.
You can also trust websites from different colleges and university schools. For example, here's one from Caltech: https://coolcosmos.ipac.caltech.edu/ask/69-Why-is-Mars-reddish-
I hope this helps you answer your Astronomy questions you may have!