RT MINERALS CORP. (TSX.V: RTM) 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 gold properties in Canada are:
The Company is pleased to announce that it has secured the advisory and field services of Mr. Mike Tremblay, who 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.
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).CURRENT DRILLING AND BALLARD LAKE PROPERTY ASSAY RESULTS
On July 18, 2016, the Company announced the completion and receipt of all assay results from the surface trenching and reconnaissance program on the Company’s 100% owned Ballard Lake, Ontario property.
A total of 64 samples were taken from nine trenches on the property. Six samples from three of these trenches returned 1.23 g/t Au, 1.32 g/t Au, 1.51 g/t Au, 1.52 g/t Au, 2.38 g/t Au and 7.48 g/t Au. (see July 18, 2016 RTM news release).
Higher grade gold mineralization appears related to local quartz veins within chlorite schist unit(s) and is associated with pyrite and galena. Mineralization is also present with or without sulphides visible and is found to extend into local granites and felsic dykes.
These trenches are situated within and appear to align within a north western to south eastern trending corridor approximately 75 metres wide and having a strike length of approximately 1,100 metres.
The Company is now drilling below the higher grade results outlined in the most prospective trenches with up to 5 drill holes consisting of 100 to 200 metre core length per hole.
The Company has applied for a drill plan and permit to commence drilling on the newly acquired Norwalk gold property.
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.