Why sign up? Click here

Show Privacy Policy
RT Minerals Corp. values privacy as much as you do. We will never sell or rent your email address to anyone under any circumstances.

If you have specific concerns about this policy, please feel free to contact us with your questions or comments.

News Release


Vancouver, B.C. – June 1, 2016 ‐ RT Minerals Corp. (TSX.V: RTM) (the “Company”) is pleased to announce that a Phase I ground exploration program is set to commence in the next few days on the Company’s 100% owned, subject to retained royalty, Ballard Lake gold property, situated approximately 51 km northwest of Wawa, Ontario in the Echum and Dolson Townships.

Work will include a stripping and sampling program of historic trenches where grab samples have assayed as high as 120 gpt gold and 387 gpt silver (SSM Mines Office File #1696). The exploration model for the project is that of a quartz-carbonate vein system associated with brittle ductile shear zones and folds in deformed and altered mafic volcanic. Good examples of these types of deposits are the Renabie, Nudulama and Braminco Mines (past producers) located 20 km northeast of Ballard Lake. Consultation is underway with First Nations.

The Company will announce a drill program on the property upon approval of a filed permit with the Ministry of Mines and First Nations.

The Company closed a unit private placement on May 16, 2016 to raise gross proceeds of $425,000, of which $225,000 consists of flow-through funds to be spent on exploration programs on the Ballard Lake property.

 The Company also anticipates receiving 1,000,000 common shares of Opawica Explorations Inc. (TSX.V: OPW) (“Opawica”) in connection with the Company’s sale of the Bazooka and McWatters properties to a third party in October 2015 that subsequently entered into an agreement dated February 25, 2016 to sell these properties to Opawica in a property transaction that is expected to close this month. The receipt of these shares is subject to closing of the property transaction by Opawica and the shares will be restricted from trading for four months. Opawica is related to the Company by virtue of common directors.

In addition to the Ballard Lake property, the Company also holds a 100% interest, subject to retained royalty, in the Golden Stock gold property in Cairo Township, Ontario, located several kilometers north east of the Young Davidson gold mine.


Paul Antoniazzi
President and Chief Executive Officer
Tel: (604) 681-3170
Fax: (604) 681-3552
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) 

accepts responsibility for the adequacy or accuracy of this release.   


The Canadian National Stock Exchange has neither approved nor disapproved of the information contained herein.

Read more News