RT MINERALS CORP. (TSX.V: RTM) (RTMFF) is a junior resource company engaged in the acquisition, exploration and evaluation of primarily gold 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:
BALLARD LAKE PROPERTY DRILLING UPDATE
On October 19, 2016, the Company announced the completion of its core drilling program at Ballard Lake. The Company completed three NQ core holes that totaled 435m.
The first two holes intersected mineralization and alteration similar to gold-bearing structures mapped on surface. The Ballard Shear Zone gold target includes an alteration halo with coarse pyrite and quartz tourmaline veins in mafic schist, pillow basalt and gabbro host rocks. Several alkaline ultramafic dikes cut the Ballard Shear zone in core and on surface, and will undergo petrology for classification. The third core hole intersected Ballard Lake Stock and failed to intersect significant alteration or mineralization.
The Company collected 153 samples of split core that were submitted to Swastika Laboratories Ltd. for Gold fire assay and 30-element ICP analysis. Swastika Laboratories Ltd. is accredited by Canadian Association for Laboratory Accreditation Inc. (CALA) and meets the requirements of ISO/IEC 17025:2005 for Gold by Fire Assay.
The Company has applied for a drill plan and permit to commence drilling on the newly acquired Norwalk gold property.
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.