RT Minerals Corp. Announces High Grade Gold Values of up to 64.04 g/t Au from its Norwalk Property, South of Red Pine Exploration near Wawa, Ontario
Vancouver, British Columbia--(Newsfile Corp. - August 22, 2017) - RT Minerals Corp. (TSXV: RTM) (OTC Pink: RTMFF) (the "Company") announces the following assay results from 32 surface grab and composite samples collected from various locations on the Company's 100% optioned Norwalk gold property, which adjoins the Red Pine Exploration Surluga deposit property near Wawa, Ontario.
|Location||Type||Description of Rock||g/Mt |
|42803||Norwalk Shaft Muck Piles ("MP")||Grab||Quartz Vein with 5 to 10% Sulphides, mostly Arsenopyrite||51.34|
|42803||Norwalk Shaft MP||Grab (Check)||Quartz Vein with 5 to 10% Sulphides, mostly Arsenopyrite||64.04|
|42804||Norwalk Shaft MP||Grab||Quartz Diorite with Quartz Veinlets and 10% Sulphides||3.15|
|42805||Norwalk Shaft MP||Grab||Quartz Vein with Chloritic Seams and 3 to 4% Sulphides||1.10|
|42806||Norwalk Shaft MP||Grab||Quartz-Feldspar Schist with Narrow Quartz Veins, 5 to 8% Sulphides (Arsenopyrite Needles)||2.94|
|42807||Norwalk Shaft MP||Grab||Sericite-Chlorite Schist, 5 to 8% Arsenopyrite||5.97|
|42807||Norwalk Shaft MP||Grab (Check)||Sericite-Chlorite Schist, 5 to 8% Arsenopyrite||6.26|
|42808||Norwalk Shaft MP||Grab||Quartz Vein, 3 to 4% Sulphides (Arsenopyrite)||6.50|
|42808||Norwalk Shaft MP||Grab (Check)||Quartz Vein, 3 to 4% Sulphides (Arsenopyrite)||7.09|
|42809||Norwalk Shaft MP||Grab||Quartz Diorite, 3 to 4% Arsenopyrite||0.38|
Four further grab samples of local wall rock from the Norwalk Shaft Muck Piles returned 10 ppb to up to 350 ppb Au.
|Location||Type||Description of Rock||g/Mt |
|42814||Historical Trench 100 Metres East of Norwalk Shaft||Grab||Quartz Vein Material, 2 to 3% Sulphides||0.55|
|42815||Historical Trench 100 Metres East of Norwalk Shaft||Composite sample over 4m2||Quartz Vein, Gossan, and Altered Diorite, 2 to 3% Pyrite||6.39|
|42815||Historical Trench 100 Metres East of Norwalk Shaft||Composite sample over 4m2 (Check)||Quartz Vein, Gossan, and Altered Diorite, 2 to 3% Pyrite||7.36|
|42825||Historical Trench 100 Metres East of Norwalk Shaft||Grab||Quartz Vein, 30 to 40% Pyrite, Minor Arsenopyrite||3.96|
|42826||Historical Trench 100 Metres East of Norwalk Shaft||Grab||Quartz Vein with Semi Massive Sulphides, Mainly Arsenopyrite||2.82|
|42828||Historical Trench 100 Metres East of Norwalk Shaft||Grab||Sugary Quartz, 20% Semi Massive Sulphides||3.80|
|42829||Historical Trench 100 Metres East of Norwalk Shaft||Grab||Sugary Quartz with Semi Massive Sulphides||2.65|
Three further grab samples from the Norwalk Adit entrance returned 110 ppb to up to 200 ppb Au.
Seven grab samples were taken from the Gananoque Adit entrance and returned 20 ppb and up to 1.45 g/Mt Au.
Five grab samples were taken from an historic trench on the south west corner of the Norwalk Property and all were gold-bearing and returned assays from 10 ppb up to 120 ppb Au.
Gold mineralization at Norwalk is hosted by altered diorite, gossan and quartz. Gold-bearing composite sample 42815 demonstrates that gold mineralization may occur over significant widths.
Rock samples were submitted to Swastika Laboratories Ltd. for Gold fire assay. Swastika Laboratories Ltd. is accredited by Canadian Association for Laboratory Accreditation Inc. (CALA) and meets the requirements of ISO/IEC 17025:2005 for Gold by Fire Assay.
Paul Antoniazzi, President of RT Minerals Corp., states,"The Company is very encouraged withthewidespread grade goldassays obtainedfrom the recentlimitedsurface sampling program. In my experience, it issignificant to have so many gold bearing samplesfrom initial sampling ofseveral different areas ofthe ~1,000 acre property.Geophysical targets associated with this mineralization will beprioritized anddrilled immediately."
The Company is currently completing a 31 kilometre surface geophysical surveys covering parts of the Norwalk gold property. Upon completion of magnetic and IP (induced polarization) surveys, a drill program will be initiated to test targets. The drill program is expected to commence in the next 2 to 3 weeks. Details of the drill program will be announced when drill mobilization occurs.
BALLARD LAKE DIAMOND AND GOLD PROPERTY, ONTARIO
RT Mineral Corp. owns a 100% interest in the 366 square kilometre (~141 square mile) Ballard Lake Diamond and Gold property located near Wawa, Ontario.
The Company is in the process of developing drill targets for testing this summer. As part of this work, the Company has been considering equity or joint venture financing for the first phase of work on the Ballard Lake property.
Mr. Kevin Kivi, P.Geo. is Qualified Person for RT Minerals Corp. Mr. Kivi met with field personnel in Wawa, reviewed field notes and assay certificates, and approves the technical content of this news release.
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 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.
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.
Source: Newsfile Corp.