RT MINERALS CORP. (TSX.V: RTM) (RTMFF) is a junior resource company engaged in the acquisition, exploration and evaluation of primarily gold and diamond properties in Canada. The Company's common shares are listed on the TSX Venture Exchange ("TSXV") under the symbol "RTM" (OTC Pink Sheets "RTMFF"). The Company’s principal mineral properties in Canada are:
NORWALK PROPERTY, ONTARIO, ASSAY RESULTS
On November 22, 2016, the Company reported on surface grab sampling at the Company's 100% optioned Norwalk property near Wawa, Ontario.
The Norwalk property is contiguous to the south boundary of the Wawa Gold Project, held by Red Pines Inc. Initial reconnaissance prospecting and surface sampling of historical mine dumps resulted submission of nine samples to Swastika Laboratories Ltd. for Gold fire assay. Total metallic fire assay was completed on over-limit samples 42756 and 42757. Gold assays are from the Norwalk vein and Gananoque Adit vein.
|Sample Number||G/T Au||Check Assay|
|42751||0.96||n/a||Quartz, 3-10% Pyrite and Arsenopyrite|
|42752||5.92||n/a||Quartz, 3-10% Pyrite and Arsenopyrite|
|42753||7.30||n/a||Quartz, 3-10% Pyrite and Arsenopyrite|
|42754||6.19||n/a||Quartz, 3-10% Pyrite and Arsenopyrite|
|42755||0.57||n/a||Quartz, 3-10% Pyrite and Arsenopyrite|
Gananoque Adit Vein
|Sample Number||G/T Au||Check Assay|
|42756||70.00||63.80||Quartz Vein, 10% Pyrite|
|42757||18.14||17.35||Quartz in Rhyolite, 7-10% Pyrite|
|42758||1.84||n/a||Strongly Carbonate Altered Metavolcanic Rock with 1-3% Pyrite|
|42759||0.23||n/a||Strongly Carbonate Altered Metavolcanic Rock with 1-3% Pyrite|
A drill program of five holes, up to 200 metres each is recommended on historical gold showings at Norwalk. A drill permit application was filed in the last 45 days and drilling will commence upon receipt of the drill permit and consultation with local First Nation communities.
Kevin Kivi, P.Geo., has extensive experience in the exploration for gold and diamonds in Canada. He is the Qualified Person for the Company’s Norwalk and Ballard Lake properties and approves the technical content of the above text.
BALLARD LAKE GOLD – DIAMOND PROPERTY DRILL PLAN
On November 22, 2016, the Company reported further drilling plans at its 100% owned Ballard Lake property near Wawa, Ontario.
As outlined in the Company’s news release dated November 10, 2016, the Company has established potential for deep crustal or mantle tapping conduits on the Ballard Lake property, which is indicated by alkali ultramafic dikes and kimberlites on the property. The Company staked many exploration targets in the immediate area, and has increased the area of the Ballard Lake Property to 160 square kilometres (~15,970 hectares).
The Company’s Ballard Lake property includes two historical diamond-bearing kimberlite occurrences: GC1 (16 diamonds from 93.1 kg), and Fletch (6 diamonds from 51.48 kg). Diamond results were reported by Chalice Diamond Corp. in February 2008.
The Company has commenced regional compilation and will apply for an exploration permit on the new claims with objective to drill test known diamond bearing kimberlites and other potential kimberlite targets. It is anticipated that the permit will be secured in 60 days.
The Ballard Lake property lies in the Wawa supracrustal belt of the Superior Craton, which is currently being explored by major and junior exploration companies for both gold and diamonds.
KEY ADVISORS AND OFFICERS
Mr. Mike Tremblay is an advisor and field consultant for the Company. Mr. Tremblay is the property vendor for the Norwalk, Dill River and the Company’s 100% owned Ballard Lake gold properties. Mr. Tremblay won the 2013 Ontario Prospector of the Year award for his involvement in the discovery of the 8,000,000+ ounce Borden Lake gold deposit (now controlled by Goldcorp) located about 50 kilometres east of the Company’s properties.
Mr. Kevin Kivi, P.Geo. is the Qualified Person (“QP”) for the Ballard Lake Project. Mr. Kivi has 33 years of mineral exploration experience in search of diamonds, base and precious metals worldwide. He worked on Rio Tinto’s Canadian diamond team at Lac de Gras from 1993 until the Diavik discovery, and then built and managed the company’s diamond laboratory in Thunder Bay. Mr. Kivi became a consultant in 2004 exploring for diamonds, base and precious metals for major, junior, and private companies. Mr. Kivi is President of KIVI Geoscience Inc. and Orebot Inc.
The Company’s projects are managed by Mr. Paul A. Antoniazzi, President and CEO, who was the Senior Project Manager for North America for Lac Minerals Ltd. (NYSE-TSE), including multi-million ounce producers such as Bousquet, Doyon, Macassa mines and other projects all situated in Ontario and Quebec, Canada. Lac Minerals Ltd. was the world’s first one million ounce gold producing company in the early 1990’s and during that time was taken over by Barrick Gold Corp. (NYSE-TSX).
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. We seek safe harbour.