RTM:CC - RT Minerals Corp. Announces Appointment of New President-CEO William S. Elston and New VP of Exploration Douglas J. Andrews
(TheNewswire)
Vancouver, B.C.– TheNewswire - December 1 3 , 2023– RT Minerals Corp. (TSXV:RTM) (OTC:RTMFF) (the “Company” or“RTM”) announces that Mr. Doug Andrews has stepped down asPresident and CEO of RTM and the Company has appointed Mr. WilliamElston, a current director of the Company, as President-CEO of RTM.
Mr. Andrewsremains as a director of the Company and will now have theposi tio n of VP of Explora tion for the Company.
About RT MineralsCorp. RTMis a junior explora tion company listed on theTSX Venture Exchange under the symbol “RTM”. The Company holds a100% interest, largely royalty free, in a portfolio of rare earth element, gold and base metalproperOes in Ontario, Canada.
Nordica Property (Cu, Ni,Co, Cr, Pt, Pd) is 100% owned by RTM. It is comprised of 34 claimsin Nordica Township that cover the ultramafic layered NordicaIntrusive Complex in the Abi t bi Greenstone Belt,within the Superior Province, 60 km southeast of Timmins, Ontario.Nordica is prospecOve for copper, nickel, cobalt, chromium, and palladium mineraliza tion . Previousexplora tion ac ti vity on the Nordica property has encountered Cu grading up to0.292% (rock-grab samples), Ni up to 0.24% in drill core over 1.0 m,Co up to 614ppm (outcrop), Cr up to 17.7% (grab-rock sample) and Pd upto 1.2ppb (outcrop chip and drill core over 3 1.0m)(MNDM files OFR6102). There is a 2.5% NSR on all RTM Nordica claims.
Kenogaming,Pharand I and Pharand II Proper ti es (Ni, Cr,Co) consists of 38 claim blocks that are 100% owned with 32 claimsroyalty free and 6 claims subject to a 2% NSR royalty. The properOesare situated in Kenogaming and Pharand Townships in the NorthernSwayze Greenstone Belt, located within the Abi ti bi sub-province of the Superior Province, southwest of Timmins,Ontario. The ProperOes are located within the Hanrahan assemblagewhich is confined to the southeastern part of the Northern SwayzeGreenstone Belt. Cumulate ultramafic bodies are the specific targetscomprising the Kenogaming, Pharand I and Pharand II prospects. In1979, previous operators tested a strong magne ti c anomaly with a 184.5m long diamond drill hole, which intersectedup to 0.25% nickel in carbonated and serpenOnized cumulateultramafic with interbeds of chlorite and talc altera tion over a 3.0m secOon at the bottom of the hole.
Ireland Property (RareEarth Element) is a royalty free 52 claim block covering an inferred carbonate complex (the “Ireland Complex”) located inIreland Township, 45 km northeast of Smooth Rock Falls, Ontario. TheIreland Complex is 100% owned by RTM and is approximately 4.0 kmlong, 2.8 km wide, oval shaped and is posi ti oned along a southern extensional splay fault contained within theKapuskasing Structural Trend. The Kapuskasing Structural Trendcontains several well documented carbonate complexes that contain Niobium, Iron,Titanium and Rare Earth Element resources within various assemblagesof carbonate rocks.
Case BatholithGroup 1 and 190 Claim Staking (Rare Earth Element) consists of 90 claimscovering the Case Batholith centered on Heighington Township, 85 kmnortheast of Cochrane, Ontario. The Case Batholith properOes are100% owned and royalty free. The properOes occur within theboundaries of the Case Batholith and are specifically located inHeighington, Kenning, Sequin, and Case Townships. Five properOes are situated 12 km north of the Power Metals Case Lake lithium/cesiumdiscovery in Steel
Township. The190 newly staked claims adjoin Power Metals and Beyond Lithium land holdings located in the southeastern por tion of the Case Batholith.
Case BatholithGroup 2 (Rare Earth Element) consists of four properOes (113 claim blocks)that are 100% owned and certain of the claims are subject to a 2% NSRroyalty, within the boundaries of the Case Batholith in northernOntario. The four properOes are in Agassiz township (29 claims),Pofer township (51 claims), Seguin/Challies township (14 claims) andBragg township (19 claims), Ontario. Substan ti ally all the claim blocks have been acquired based onmagne ti c signatures resembling east - west trending pegmaOOc dykes and laccolith structures contained within thetonalite/granodiorite rock assemblages of the Case Batholith.
Sheba-Michie-Alma (Cu, Ni ,Co, Cr, Pt), (“Sheba”) consists of 194 mineral claims within thenorthwest -southeast trending Michie, Sheba and Alma Township corridorin the Abi ti bi Greenstone belt,located within the Superior Province, 70 km southeast of Timmins,Ontario. The Sheba property is 100% owned and royalty-free. The Sheba property is prospecOve for Cu, Ni, Co, Cr, Pt, and Pdmineraliza tion (MNDM files 42A02SE2019). Previous limited surface sampling a ctiviti es have encountered 0.19% Cu, 0.14% Ni and0.34% Cr immediately west of the Sheba South block in ultramafic pyroxenite-perido ti te assemblages.
Kendrey Property (RareEarth Element) consists of 32 claims in the Kendrey and ColquhounTownships located 14 km southeast of Smooth Rock Falls, Ontario thatare 100% owned and royalty free. The property covers what appears tobe a large, inferred carbonate complex that isprospecOve for rare earth elements, primarily niobium. The intrusiveis approximately 2.8 km wide and 2.7 km long. It is posi tion ed along a southeastern extensional splayfault belonging to the Kapuskasing Structural Trend. Galna / Moody Property (Cu, Ni,Co, Cr) consists of four separate claim blocks totalling 24 cells inthe Galna and Moody Townships, located 35 km east of Iroquois Falls,Ontario. The Company acquired 100% interest in the property by mapstaking.
Timmins Property (BaseMetals) is a royalty free 16-claim block located approximately 50 kmsoutheast of Timmins, Ontario, and is 100% owned by RTM. The propertyfeatures several mineralized fault systems that suggest proximity toa base metal source.
Milligan Property (Gold) isa royalty free 16-claim block located approximately 75 km northeastof Timmins, Ontario, and is 100% owned by RTM. Milligan Property(Gold) covers the southeast extension of the volcanicstra ti graphy housIng the EasVord Lake gold discovery of 142.2 g/t Au over 3.0 m announced by ExplorResources in 2009. Blakelock Property (Gold) is a royaltyfree 9-claim block located approximately 75 km northeast ofCochrane, Ontario, and is 100% owned by RTM. The property is host to a massive east-west trending magneOc high intrusive complex that wassubject to limited drilling in 1967.
Mcquibban Property (Gold) isa royalty free 19-claim block located approximately 50 km north ofCochrane, Ontario, and is 100% owned by RTM. The property hosts astrong 3.0 km long east-west trending inferred oxide facies bandediron forma tion , in which one historical drill hole encountered a gold mineralized interval of5.47 g/t Au over 1.2m.
For moreinforma tion on the Company pleasevisit the company’s website at www.rtmcorp.com .
On behalf of theBoard and for further informa tion contact:
Mr. WilliamElston, President, CEO, Director
RT MineralsCorp. Telephone: (604) 725-0604
Neither the TSXVenture Exchange nor its Regula ti onService Provider (as the term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy of accuracyof this news release. Forward-Looking Statements: This news releasecontains certain forward-looking statements, which relate to futureevents or future performance and reflect management’s currentexpecta tion s andassump tion s. Suchforward-looking statements reflect management’s current beliefsand are based on assump tion smade by and informa tion currently available to the Company. Readers are cau7oned that theseforward-looking statements are neither promises nor guarantees, andare subject to risks and uncertain tie s that may cause future results to differ materially from those expected including, but not limited to, marketcondi tion s, 5 availability of financing, actual results of the Company’s explora tion and other ac7vi7es, environmental risks, future metal prices, opera ti ngrisks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. Allthe forward-looking statements made in this news release arequalified by these cau ti onarystatements and those in our con ti nuous disclosure filings available on SEDAR atwww.sedar.com. These forward-looking statements are made as of thedate hereof and the Company does not assume any obliga tion to update or revise them to reflect newevents or circumstances save as required by applicable law.
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