RT Minerals Corp. Announces Final Assay Results at Norwalk Gold Property, near Wawa, Ontario
TSX VENTURE: RTM
Vancouver, British Columbia--(Newsfile Corp. - March 2, 2018) - RT Minerals Corp. (TSXV: RTM) (OTC Pink: RTMFF) (the "Company") announces final assay results from drilling conducted in January 2018 at the Norwalk gold property located near Wawa, Ontario, as previously described in news releases dated December 12 and 27, 2017 and January 29, 2018.
The Company completed ten HQ core holes and deepened Hole N17-14 during the 813 metre drill program. Drilling targeted the Red Carbonate Zone ("RCZ") and consistently intercepted structurally controlled quartz veining hosted within the RCZ, and the footwall and hanging-wall of the RCZ structure. Seven of the drill holes intersected significant gold mineralization (Table 1).
Table 1: Gold assays from split HQ core.
Drilling demonstrates high- and low-grade, near surface gold mineralization along the tested strike-length of the target structure, which remains open along strike and depth. Drill holes were positioned to intersect gold-mineralized quartz veins at near right angles, so core length and true width of mineralized zones are similar. Table 2 below provides location, azimuth, dip and length of each drill hole with reported assays.
The RCZ is situated approximately 600 metres south-southeast of the high grade Gananoque showing and accordingly, the Company plans to evaluate the Gananoque as well as the 600 metre gap between the RCZ and Gananoque. The program is estimated to consist of an aggregate of up to 7,500 metres in drilling at core lengths of up to 150 metres and is subject to further financing being secured by the Company.
Drill core for assaying was delivered by the Company following secure chain of custody procedures. Assaying was carried out by Activation Laboratories Ltd. ("Actlabs") of Thunder Bay, Ontario, who are an ISO accredited Laboratory. For the above assaying, Actlabs conducted fire assay with gravimetric finish or metallic screen assay of potentially high-grade samples. RT Minerals monitors laboratory precision and accuracy with Company QA/QC protocols.
Mr. Kevin Kivi, P.Geo. is the Qualified Person for RT Minerals Corp. and approves the technical content of this news release.
Table 2: Drill hole location, azimuth, dip and length.
|Drill Hole||Easting (UTM,
ABOUT RT MINERALS CORP.
RT Minerals Corp. is a junior resource company engaged in the acquisition, exploration and evaluation of primarily gold and diamond properties in Canada. The Company's principal mineral properties include the 100% optioned Norwalk and Dill River gold properties that are respectively contiguous to the southern and eastern borders of Red Pine Exploration Inc.'s Wawa Gold Project near Wawa, Ontario; the 100% owned Golden Reed Mine gold property that is staked within Red Pine's Wawa Gold Project; the 100% owned Ballard Lake diamond and gold property located ~50 km ENE of Wawa, Ontario; and the 100% owned Dog Lake gold property located ~59 km NE of Wawa, Ontario.
The Company's common shares are listed on the TSX Venture Exchange under the symbol "RTM" and on the OTC Pink Market under the symbol "RTMFF" with DTC eligibility for trading in the United States.
For more information on the Company and its properties, please visit the Company's website at www.rtmcorp.com.
FOR FURTHER INFORMATION CONTACT:
President and Chief Executive Officer
RT Minerals Corp.
Toll Free: 877-581-3170
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Certain statements in this press release relating to the Company's exploration activities, project expenditures and business plans are approximate and are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable, including that operating and capital plans will not be disrupted by issues such as adverse market conditions, mechanical failure, unavailability of parts, labor disturbances, interruption in transportation or utilities, or adverse weather conditions, that there are no material unanticipated variations in budgeted costs, that contractors will complete projects according to schedule, and that actual mineralization on properties may not achieve any category of resource(s). The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold, equity markets or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. There is no guarantee that drill results reported in this news release or future releases will lead to the identification of a deposit that can be mined economically, and further work is required to identify resources and reserves. We seek safe harbour.