RTM:CC - RT Minerals Corp. Acquires Additional Lithium/Cesium Mineral Claims and Prospects in Northeastern Ontario Canada
(TheNewswire)
Vancouver, BC - TheNewswire - February 14, 2023 - RT Minerals Corp. (TSXV:RTM) (OTC:RTMFF) (the “ Company ” or “ RTM ”) announcesthat it has acquired by map staking (MLAS) 91 claims consistingof approximately 1,927 hectares (4,762 acres) covering the CaseBatholith (the “Case Batholith Properties”) centered onHeighington Township, 85 km northeast of Cochrane, Ontario.
The Case Batholith Properties are 100% owned and royalty free. Theproperties occur within the boundaries of the Case Batholith and arespecifically located in Heighington, Kenning, Sequin, and CaseTownships (Figure 1). Five properties are situated 12 km north of thePower Metals Corp. (“Power Metals”) Case Lake lithium/cesiumdiscovery in Steel Township, Ontario (Figure 2).
Figure 1: Location of Case Batholith
Figure 2: RT Minerals Corp. claim blocks
The Power Metals discovery contains significant lithium and cesiummineralization within pegmatitic lithologies throughout northeasttrending dyke and isolated laccolith (dome) complexes. It is theselithologies of the Case Batholith that RT Minerals now owns and willbe subject to future exploration by the Company.
The entire Case Batholith complex is an oval-shaped complex that isapproximately 150 km long and 60 km wide. The Case Pegmatite systems,associated with the batholith and its margins, appear to reside withinthe five largest known lithium-cesium bearing complexes in thegeologic region of the Superior Province of Ontario.
The entire Case Batholith complex is virtually unexplored (Figure 3).Excluding the Case Lake discovery of Power Metals, at the extremesoutheastern edge of the Case Batholith, only one significant boreholehas penetrated the Case Batholith during 2007 exploration for gold.This hole was drilled by Lake Shore Gold Corp., drill hole LA-07-01,located immediately northeast of the Company’s Ireland property inIreland Township. This hole contained anomalously high cesium(“Cs”) values within igneous assemblages (samples 135279 to135281, Cs – 76ppm over 1m, 42ppm over 0.70m, and 56 ppm over 0.50m,all within 90m of surface - MNDM files 20000003914 /20005893).
Figure 3: The entire Case Batholith complex is virtually unexplored
Douglas Andrews, the Company’s President and CEO, states: “We arepleased to add lithium and cesium prospects to our portfolio ofproperties. With the assistance of government initiatives such as theOntario Government’s Critical Minerals Directive and the federalgovernment’s new Critical Mineral Exploration Tax Credit, we havepositioned the Company to capitalize on what is now a majorexploration and staking rush for rare earth elements in northernOntario and Quebec, within geologic parameters of the SuperiorProvince. This includes the major and leading Canadian world-classrare earth element discovery by Patriot Battery Metals Inc. in theeastern James Bay region of Quebec. Detailed investigations fromexisting magnetic signatures, covering the entire Case Batholith, hasresulted in the identification of several magnetic responses similarto that which characterize the Power Metals Case Lake, Ontario,discovery. All of the RT Minerals claim blocks have been acquired onthe basis of magnetic signatures resembling northeast trending dykesand laccolith structures. The total residual magnetic field responseexhibits several magnetic features located near the Power Metals CaseLake discovery (Figures 4 and 5)(MNDM files Map 82815). It ispostulated that many of the magnetic responses represent pegmatiticdykes and laccolith (dome) complexes that are contained within thetonalite/granodiorite rock assemblages of the Case Batholith. SeveralRT Minerals claim blocks cover prominent magnetic features that liealong the outer margins of the Case Batholith, as does the PowerMetals discovery”.
Figure 4: Seismic signature
Figure 5: Second vertical derivative and drill target
Qualified Person
The technical information contained in this newsrelease 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.
Rare Earth Element mineralization that exists on thePower Metal Corp. Case Batholith properties is not known to exist onthe Company’s properties in the Case Batholith area. The true widthsof the historical drill intercepts in 2007 by Lakeshore Gold are notknown.
About RT Minerals Corp.
RT Minerals Corp. is a junior exploration company listed on the TSXVenture Exchange under the symbol “RTM”. The Company holds a 100%royalty-free interest in a portfolio of rare earth element, gold andbase metal properties in Ontario: the Ireland, Case Batholith Group,Milligan, Blakelock, McQuibban and Timmins properties. The Companyalso holds an option to acquire a 100% interest in the Link-CatharineRLDZ gold property located 22 km south-southeast of the town ofKirkland Lake, Ontario.
Ireland Property (Rare Earth Element– Case Batholith) is a royalty free 52 claim block of 421 Ha(1,040 acres) covering an inferred carbonatite complex (the “IrelandComplex”) located in Ireland Township, 45 km northeast of SmoothRock Falls, Ontario. The Ireland Complex is 100% owned by RTM and isapproximately 4.0 km long, 2.8 km wide, oval shaped and is positionedalong a southern extensional splay fault contained within theKapuskasing Structural Trend. The Kapuskasing Structural Trendcontains several well documented carbonatite complexes that containNiobium, Iron, Titanium and Rare Earth Element resources withinvarious assemblages of carbonatite rocks.
Case Batholith Group (Rare EarthElement) consists of 91 claims of approximately 1,927 hectares(4,762 acres) covering the Case Batholith (the “Case BatholithProperties”) centered on Heighington Township, 85 km northeast ofCochrane, Ontario. The Case Batholith Properties are 100% owned androyalty free. The properties occur within the boundaries of the CaseBatholith and are specifically located in Heighington, Kenning,Sequin, and Case Townships. Five properties are situated 12 km northof the Power Metals Case Lake lithium/cesium discovery in SteelTownship.
Link-Catharine RLDZ Property(Gold) is comprised of fifteen unpatented single cell miningclaims with a total area of 220 hectares in one claim block. TheLink-Catharine property is located 22 km south-southeast of the townof Kirkland Lake, Ontario. RTM has an option to earn a 100% interestin this property subject to a 2% NSR.
Milligan Property (Gold) is a royalty free 16-claim block (129 Ha) locatedapproximately 75 km northeast of Timmins, Ontario, and is 100% ownedby RTM. The Milligan property covers the southeast extension of thevolcanic stratigraphy hosting the Eastford Lake gold discovery of142.2 g/t Au over 3.0 m announced by Explor Resources in 2009.
Blakelock Property (Gold) is a royalty free 9-claim block (73 Ha) locatedapproximately 75 km northeast of Cochrane, Ontario, and is 100% ownedby RTM. The property is host to a massive east-west trending magnetichigh intrusive complex that was subject to limited drilling in1967.
Mcquibban Property (Gold) is a royalty free 19-claim block (153 Ha) locatedapproximately 50 km north of Cochrane, Ontario, and is 100% owned byRTM. The property hosts a strong 3.0 km long east-west trendinginferred oxide facies banded iron formation, in which one historicaldrill hole encountered a gold mineralized interval of 5.47 g/t Au over1.2m.
Timmins Property (Base Metals) is a royalty free 16-claim block (129 Ha) located approximately 50 kmsoutheast of Timmins, Ontario, and is 100% owned by RTM. The propertyfeatures several mineralized fault systems that suggest proximity to abase metal source.
For more information on the Company and its properties, please visitthe Company’s website at www.rtmcorp.com .
FOR FURTHER INFORMATIONCONTACT:
Douglas J. Andrews, B.Sc., M.Sc.
President and Chief Executive Officer
Telephone: 403-200-6542
RT Minerals Corp.
Telephone: 604-681-3170 Fax:604-681-3552
Neither the TSX Venture Exchange norits Regulation Service Provider (as the term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy of accuracy of this news release.
Forward-Looking Statements
This news release contains certainforward-looking statements, which relate to future events or futureperformance and reflect management’s current expectations andassumptions. Such forward-looking statements reflect management’scurrent beliefs and are based on assumptions made by and informationcurrently available to the Company. Readers are cautioned that theseforward-looking statements are neither promises nor guarantees, andare subject to risks and uncertainties that may cause future resultsto differ materially from those expected including, but not limitedto, market conditions, availability of financing, actual results ofthe Company’s exploration and other activities, environmental risks,future metal prices, operating risks, accidents, labor issues, delaysin obtaining governmental approvals and permits, and other risks inthe mining industry. All the forward-looking statements made in thisnews release are qualified by these cautionary statements and those inour continuous disclosure filings available on SEDAR at www.sedar.com.These forward-looking statements are made as of the date hereof andthe Company does not assume any obligation to update or revise them toreflect new events or circumstances save as required by applicablelaw.
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