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Norwalk Gold Property

NORWALK GOLD PROPERTY, WAWA, ONTARIO

In September 2016, the Company entered into an option agreement to acquire a 100% interest, subject to a 2% Net Smelter Royalty, in the Norwalk Gold Property (the “Property”) located approximately 6 kilometres south of the town of Wawa, Ontario. The Property is comprised of three unpatented mineral claims consisting of 29 units with a total area of 445 hectares.

A NI 43-101 technical report on the Norwalk property dated February 2, 2017 has been filed on SEDAR at www.sedar.com and is available for download here.

NORWALK PROPERTY LOCATION


The Norwalk Gold Property is located only 3.2 kilometres by road from Trans-Canada Highway 17, and about 7 road kilometres south of the Town of Wawa, which has skilled labour to support mineral exploration and mining. Wawa also has a Municipal Airport.

GOLD OCCURRENCES ADJACENT TO NORWALK PROPERTY


The Norwalk Gold Property is adjacent and contiguous to the southern border of Red Pine Exploration Inc.’s (“Red Pine”) Surluga Property which hosts the “Surluga Deposit” with a 43-101 inferred resource of 1,088,000 ounces of gold at 1.71 g/t grams per tonne using a 0.50 g/t gold cut-off grade, contained in 19.82 million tonnes open along strike and at depth.

Recent drilling conducted by Red Pine 3,000 metres south of the Surluga Deposit and 1,500 metres north of RT Minerals Corp.’s Norwalk Property, includes significant gold mineralization in at least 5 drill holes, which have yielded up to 57 g/t Au over 3.1 metres. Gold mineralization on Red Pine’s Surluga Property does not indicate similar mineralization is present on RTM’s Norwalk Property.

A 10 kilometre corridor of past producing gold mines, gold bearing structures and gold occurrences align south from Wawa Lake, through Red Pine’s Surluga Property and includes some 2,800 metres of the Company’s Norwalk Property where several historical gold occurrences are known.

PROPERTY GEOLOGY AND OCCURRENCES


Gold mineralization is spatially associated with the major shear zones on the Norwalk Property. Gold is present in quartz veins, lenses and pods within shear and breccia zones of various rock types. Recrystallized quartz and minor amounts of sulfide minerals (pyrite, arsenopyrite, chalcopyrite) are present in gold zones, along with strong silicification of adjacent host rocks.

Several mineralized zones occur on the Property including the Norwalk Gold Mine (Au), the Fred C Shaft (Au), the Gananoque Vein (Au), and the Barton Occurrence (Au, Fe). There are no mineral resources or mineral reserves within the Property boundaries. Historical production occurred at the Norwalk Gold Mine in 1904 and 1910 totalling 60 ounces of gold from 820 tons milled (Fergusen, Groens and Haynes 1971). A few small scale exploration programs including diamond drilling, geophysics, bedrock sampling, till sampling and geological mapping were completed in the period from 1962 to 1997. The ground eventually came open and was staked by Michael Tremblay and Philip Escher in June 2016. The Company entered into a property option agreement to acquire the Property on September 20, 2016.


The Company completed sampling of muck piles at Norwalk Gold Mine and Gananoque Vein on October 26, 2016. Nine samples of broken rock were obtained. Four of the samples were taken from an old muck pile near the Norwalk Gold Mine workings east of Norwalk Lake on claim 4279547. Five of the samples were taken from an old muck pile near the Gananoque Vein workings on the NW part of claim 4279546. The assays ranged from 0.23 g/Mt to 70.0 g/Mt Au. (Please refer to the Company's news release dated November 22, 2016).

2017 PHASE ONE WORK PROGRAM

On May 8, 2017, the Company announced that a surface geophysics program has commenced on the Norwalk property. Exploration will target auriferous Greenstone-Hosted Quartz-Carbonate Vein Deposits. Line cutting and ground geophysics will determine if historical gold mineralization is related to geophysical trends which may expand exploration potential to other parts of the Norwalk Property.


This surface exploration program will be followed by a diamond drilling program of about 1,000 metres to test current gold showings, high interest geophysical anomalies, and prospecting targets. A total budget of CDN $240,000 is recommended to carry out the entire Phase One program.

For complete property disclosures and Quality Control on the Norwalk property, please see the Company’s news releases.