RTMFF - RT Minerals Corp Announces Assay Results from Link-Catharine RLDZ Property; Updates Annual General and Special Meeting Date
(TheNewswire)
Vancouver, B.C. – TheNewswire - June 17, 2021 – RTMinerals Corp. (TSXV:RTM) (OTC:RTMFF) (the “ Company ” or“ RTM ”) is pleased to announce that the Company’s Phase IIdrill program originally announced on February 4, 2021 has confirmedadditional gold mineralization at its Link-Catharine RLDZ property(“ Link - Catharine ”) located 25 km SSE of KirklandLake, Ontario, as more fully described in this news release.
Donald (Dan) M. Clark, the President and CEO of theCompany, comments on the Link-Catharine RLDZ program and region: “The five holes of thecurrent program and the seven holes from the previous drill program atthe Link-Catharine property has confirmed narrow and broad anomalousgold signatures with several high grade gold sections within an areaof about 180m north to south by about 180m east to west and to avertical depth of up to approximately 180m. Several separatesub-parallel/en-echelon gold sections have been encountered. Thewidespread nature of gold mineralization traversing all rock unitswithin the Property as well as the strong hydrothermal alteration withsulphides continues to suggest a significant gold bearing system ispresent. Large anomalous gold halos, with high grade intervalscontained therein, as is observed at the Link-Catharine property, aresimilar in some cases to the past producing Kerr Addison Mine(“Kerr”) located about 25 km northeast of RTM’s Link-Catharineproperty. All of the 11 holes drilled and assayed by RTM since itsdrilling commenced in October 2020 on the Link-Catharine Property havebeen gold bearing.
The entire region of thissouthwestern part of the Abitibi greenstone belt is becoming highlyactive. RTM has encountered significant gold mineralization over thepast eight months on the Link-Catharine property. Northstar Gold Corp.(“Northstar”), located about 3 km north from the up to 104 sq kmpotential RTM claim block, has recently announced significant goldintercepts from its drilling. Kirkland Lake Gold Corp. has acquired9.9% of the common shares of Ore Finders Resources Inc.(“Orefinders”) as well as entered into a $60 million strategicalliance with Ore Finders. The Orefinders property is located about 3km from the RTM 104 sq km block. With RTM shareholder approval, RTMwill be the largest claim holder in this under explored region of theAbitibi greenstone belt of Ontario, which represents a newly emergingCanadian gold exploration camp involving both major and junior goldcompanies. RTM is excited by its plans to conduct follow-upexploration within the aggregate 104 sq km block pending itsacquisition of Catharine Gold Inc., which is subject to shareholderapproval at the Annual General and Special Meeting to be held on June22, 2021, as well as receipt of standard regulatoryapprovals.”
The Company’s Annual General and Special Meeting isscheduled for June 22, 2021 and the Company will seek shareholderapproval for the acquisition of a 100% interest in Catharine Gold Inc.(“ CGI ”), a private company that owns the mineral rights toapproximately 100 sq km of mineral claims that are contiguous toRTM’s Link-Catharine property, and which commences approximately 22km southeast of Kirkland Lake, Ontario, Canada.
ASSAY RESULTS - LINK-CATHARINE RLDZPROPERTY, NEAR KIRKLAND LAKE, ONTARIO
The Company announces the following results from thefirst five holes of a seven-hole Phase II drill program at theLink-Catharine property.
Table 1: Assay Results Received for RT MineralsCorp 2021 Drilling — Link Catharine RLDZProperty
| Hole No. |
| From (m) |
| To (m) |
| Interval (m) |
| Au g/tonne |
| CA 21-01 |
| 75.90 |
| 76.40 |
| 0.50 |
| 8.42 |
| CA 21-01 |
| 89.10 |
| 89.60 |
| 0.50 |
| 0.81 |
| CA 21-01 |
| 110.57 |
| 114.00 |
| 3.43 |
| 1.84 |
| CA 21-01 |
| Incl |
| 110.57 |
| 111.59 |
| 1.02 |
| 5.15 |
| CA 21-01 |
| 125.05 |
| 126.30 |
| 1.25 |
| 0.33 |
| CA 21-01 |
| 129.41 |
| 132.06 |
| 2.65 |
| 0.81 |
| CA 21-01 |
| Incl |
| 129.41 |
| 130.30 |
| 0.89 |
| 1.68 |
| CA 21-01 |
| 194.50 |
| 197.36 |
| 2.86 |
| 0.36 |
| CA 21-01 |
| Incl |
| 194.50 |
| 195.50 |
| 1.00 |
| 0.50 |
| CA 21-01 |
| And |
| 196.50 |
| 197.36 |
| 0.86 |
| 0.56 |
| CA 21-01 |
| 211.60 |
| 213.19 |
| 1.59 |
| 0.74 |
| CA 21-02 |
| 59.00 |
| 60.40 |
| 1.40 |
| 0.26 |
| CA 21-02 |
| 154.28 |
| 155.80 |
| 1.52 |
| 1.95 |
| CA 21-02 |
| Incl |
| 154.28 |
| 155.00 |
| 0.72 |
| 3.88 |
| CA 21-03 |
| 15.66 |
| 39.60 |
| 23.94 |
| 0.75 |
| CA 21-03 |
| Incl |
| 15.66 |
| 26.00 |
| 10.34 |
| 0.82 |
| CA 21-03 |
| Incl |
| 22.90 |
| 24.00 |
| 1.10 |
| 2.15 |
| CA 21-03 |
| And |
| 29.00 |
| 39.60 |
| 10.60 |
| 0.90 |
| CA 21-03 |
| Incl |
| 34.85 |
| 35.50 |
| 0.65 |
| 9.63 |
| CA 21-04 |
| 126.84 |
| 129.54 |
| 2.70 |
| 0.15 |
| CA 21-04 |
| 135.70 |
| 137.50 |
| 1.80 |
| 0.41 |
| CA 21-04 |
| 158.00 |
| 159.00 |
| 1.00 |
| 0.65 |
| CA 21-05 |
| 45.00 |
| 174.00 |
| NSV |
The intervals reported in the table above representcore lengths. True widths cannot be accurately determined from theinformation available.
The Company is currently reviewing targets for a PhaseIII exploration program. Completion of the Phase II drill program atthe Link-Catharine RDLZ property shall resume after the June 22, 2021Annual General and Special Meeting.
Assaying was carried out by Swaslabs of Kirkland Lake,Ontario an ISO/IEC 17025-2005 certified laboratory.
ANNUAL GENERAL AND SPECIAL MEETING
The Company’s Annual General and Special Meeting willbe held on June 22, 2021, in accordance with the Company’sInformation Circular and Proxy materials. An ordinary resolution, tobe voted on by shareholders, is required to approve the acquisition ofCGI. CGI owns the mineral rights to approximately 100 sq km of tenurethat is contiguous to RTM’s Link-Catharine, and which commencesapproximately 22 km southeast of Kirkland Lake, Ontario,Canada.
The above noted Information Circular and Proxymaterials, as well as a NI 43-101 technical report pertaining to the100 sq km CGI property, may be viewed on SEDAR under the profile of RTMinerals Corp. (see: www.sedar.com ).
The Company cautions thatmineralization on properties held by RTM may not be indicative orcomparable to gold mineralization on adjacent properties, includingbut not limited to, those held by Northstar and/or Orefinders.Similarly, gold mineralization on the Northstar and/or Orefindersproperties are not indicative of like mineralization on the RTMproperties.
Qualified Person
Mr. Garry Clark, P. Geo., is the Independent QualifiedPerson for the Norwalk and Link-Catharine RLDZ gold properties and hehas reviewed and approves the technical contents of this pressrelease.
About RT Minerals Corp.
RT Minerals Corp. is a junior exploration companylisted on the TSX Venture Exchange under the symbol “RTM” and has43,742,988 shares issued and outstanding. The Company holds an optionto acquire 100% interest in the Link-Catharine RLDZ gold propertycomprised of 15 unpatented single cell mining claims with a total areaof 220 hectares in one claim block located approximately 25 km SSE ofthe Town of Kirkland Lake, Ontario. The Company also holds a 100%interest in the Norwalk gold property near Wawa, Ontario.
For more information on the Company and its properties,please visit the Company’s website at www.rtmcorp.com .
FOR FURTHER INFORMATIONCONTACT:
Donald (Dan) M. Clark
Chairman, President and Chief Executive Officer
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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