Location

Ontario

Property Size

410 Hectares (51 claims)

Ownership

100% owned, 0% NSR

Targeted Resources

Project Description

RT Minerals Corp. has acquired a 100% interest in 51 mineral claims (the “Property”) in Sheba Township in the Abitibi Greenstone belt, located within the Superior Province, 70 km southeast of Timmins, Ontario (Figure 1).

The Property is divided into three blocks: Sheba North (23 claims), Sheba South (15 claims) and Sheba East (13 claims). The blocks are prospective for copper (Cu), nickel (Ni), cobalt (Co), chromium (Cr), platinum (Pt), and palladium (Pd) mineralization (MNDM files 42A02SE2019).

Previous exploration activities by other operators on the west border of the Sheba South block encountered samples taken from outcrop containing 0.19% Cu, 0.14% Ni and 0.34% Cr. In addition to these samples, further samples were historically taken within the same ultramafic Pyroxenite-peridotite assemblages on the Sheba South block which returned highly anomalous Cu, Ni and Cr values from outcrop. Whole rock analysis of these units appears substantially identical to the peridotites and associated Ni mineralization that occurs in Langmuir Township, 36 km on trend to the northwest.

The pyroxenites-peridotites exhibit strong magnetic signatures and the Sheba North and Sheba East blocks cover extensive geophysical magnetic anomalies that are currently interpreted as peridotite intrusive bodies within the volcanic stratigraphy of the Abitibi Greenstone belt. The Sheba East anomaly is shown in Figures 2 and 3 (MNDM files M82050, M82049, M82031, M82032 and M82056).

In addition, geochemical soil surveys indicate that the Sheba East block is covered by widespread anomalous Cu and Ni concentrations in soils (MNDM files 42 A02NE2002) (Figure 4).

The exploration programs contemplated on the three blocks are potentially eligible under the Federal Government of Canada’s flow-through shares and Critical Minerals exploration tax credit programs. The acquisition of the Sheba property expands the Company’s portfolio of 100% owned critical mineral and gold exploration projects to 13. Work permitting programs have been submitted on 7 of the properties for the 2023 and 2024 exploration years.

QUALIFIED PERSON

The technical information contained in the above text has been reviewed and approved by Mr. Garry Clark, P.Geo., a ``Qualified Person`` as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.