RTM:CC - RT Minerals Corp Discovers New Mineralized Outcrop Confirming Significant Extension of the Ultramafic Layered Intrusive on the Nordica Property Ontario
(TheNewswire)
Vancouver, B.C. – TheNewswire - August 3, 2023 – RTMinerals Corp. (TSXV:RTM) (OTC:RTMFF) (the “Company” or “RTM”)announces results from a reconnaissance and field rock samplingprogram at the Nordica property carried out in the late spring topresent 2023. The Nordica Property is 100% owned by RTM and located 60kms southeast of Timmins, Ontario.
Current sampling results are focused on RTMverification of mineralized outcrop within the vicinity of theoriginal and historic discovery outcrop at the southeast end of theNordica intrusive (MNDM files OFR 6102), confirmed by current RTMsamples 63457 – 63460. In addition, a newly discovered outcrop atSylvia Creek approximately 2.7 kms to the northwest is represented byRTM samples 63455 and 63456 (Figure 1). A total of six chip samplesfrom outcrop consisting of ~3 kg per sample were taken and all samplescarried variable mineral content.
Current surface sampling confirms mineralization nearthe original historic discovery outcrop and includes current chipsample 63457 containing 2459 ppm Nickel (Ni), 1470 ppm Copper (Cu),233ppm Cobalt (Co), 0.25% Chromium (Cr); and chip sample 63458containing 1155 ppm Ni, 664 ppm Cu, 116 ppm Co, 0.94% Cr; and chipsample 63459 containing 877 ppm Ni, 371 ppm Cu, 93.4 ppm Co, 1.51% Cr;and chip sample 63460 containing 589 ppm Ni, 852 ppm Cu, 46.8 ppm Co,0.05% Cr.
In addition, from this same area of the historicdiscovery outcrop current RTM chip sample 63457 returned 0.19 g/tPalladium (Pd) and sample 63460 returned 0.26 g/t Pd.
Of significant interest are the current samples 63455and 63456 taken by RTM from outcrop. These two chip samples arelocated at Sylvia Creek approximately 2.7 kms northwest of thehistorical discovery outcrop (Figure 1).
In addition, massive to semi-massive layered chromiteoutcrop was discovered at Sylvia Creek where these samples were taken.Sample 63455 returned 540 ppm Ni, 3.95% Cr, 0.17% titanium (Ti), 320ppm Vanadium (V). Sample 63456 returned 701 ppm Ni, 11.9% Cr , 0.30%Titanium (Ti) and 878 ppm V.
The discovery of this layered chromite bearing unit 2.7kms to the northwest is the first significant verification ofultramafic layered intrusive bedrock outside the immediate 400m by400m area of the original discovery outcrop (Figure1).
The outcrop is aligned with magnetics that stronglysuggest that the entire Nordica Intrusion could extend for at least2.7 kms along strike to the northwest. In addition, the outcrop isevidence that the intrusion is located further westward within an areapreviously mapped as metavolcanics, this significantly increases thepotential overall size of the Nordica Intrusive complex (Figure 2). Afurther six 4 kg samples from outcrop in this area are pending.
The current inferred size of the Nordica intrusion,excluding magnetic signatures, is approximately 250m wide (drillholes 98-01, 98-02 and outcrop) , approximately 2.7 kms long (drillhole 98-01 to the newly discovered outcrop), and approximately atleast 240 m deep (historic drill holes 98-01 and 98-02).
The company has developed a plan for follow upexploration within this new high priority target area includingadditional surface exploration to locate additional ultramaficassemblages followed by diamond drilling. Drilling in a northeasterlydirection along the 2.7 km length target area will attempt tointercept additional ultramafic assemblages within the layered Nordicaintrusive (pyroxenite, peridotite and Gabbro) and to test for furtherNi, Cu, Pt, Pd and Co mineralization within the intrusive. At leastfive widely spaced 300m drill holes would be required to initiallytest this target over the 2.7 km length. This work program is subjectto the Company securing exploration financing.
FIGURE 2
Quality Controls, Sampling andAssaying
All six 3 kg chip samples from outcrop, in the currentRTM field program, were assayed using Total Digestion ICP-OES andFusion XRF. Assaying was managed and carried out by ActivationLaboratories Ltd., Timmins, Ontario and Swaslabs Ltd., Kirkland Lake,Ontario, both are ISO/IEC 17025 accredited assay labs. The currentassay results detailed herein are from RTM’s initial field sampling.The assays contained herein may not be indicative of all rock types.Additional sampling is required to determine the significance andextent of these results. A further six 4 kg samples from the SylviaCreek area of the newly discovered outcrops are pending.
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 Minerals Projects.
About RT Minerals Corp.
RTM is a junior exploration company listed on the TSXVenture Exchange under the symbol “RTM”. The Company holds a 100%interest, largely royalty-free, in a portfolio of rare earth element,gold and base metal properties in Ontario, Canada.
Nordica Property (Cu, Ni, Co, Cr,Pd) is comprised of 34 claims in NordicaTownship that cover the ultramafic layered Nordica Intrusive Complexin the Abitibi Greenstone Belt, within the Superior Province, 60 kmsoutheast of Timmins, Ontario. Nordica is prospective for copper,nickel, cobalt, chromium, and palladium mineralization. Previousexploration activity on the Nordica property has encountered Cugrading up to 0.292% (rock-grab samples), Ni up to 0.24% in drill coreover 1.0 m, Co up to 614ppm (outcrop), Cr up to 17.7% (grab-rocksample) and Pd up to 1.2ppb (outcrop chip and drill core over 31.0m)(MNDM files OFR 6102).
Kenogaming, Pharand I and Pharand IIProperties (Ni, Cr, Co) consists of 38 claimblocks that are 100% owned with 32 claims royalty free and 6 claimssubject to a 2% NSR royalty. The properties are situated in Kenogamingand Pharand Townships in the Northern Swayze Greenstone Belt, locatedwithin the Abitibi sub-province of the Superior Province, southwest ofTimmins, Ontario. The Properties are located within the Hanrahanassemblage which is confined to the southeastern part of the NorthernSwayze Greenstone Belt. Cumulate ultramafic bodies are the specifictargets comprising the Kenogaming, Pharand I and Pharand II prospects.In 1979, previous operators tested a strong magnetic anomaly with a184.5m long diamond drill hole, which intersected up to 0.25% nickelin carbonated and serpentinized cumulate ultramafic with interbeds ofchlorite and talc alteration over a 3.0m section at the bottom of thehole.
Ireland Property (Rare EarthElement) is a royalty free 52 claim blockcovering an inferred carbonatite complex (the “Ireland Complex”)located in Ireland Township, 45 km northeast of Smooth Rock Falls,Ontario. The Ireland Complex is 100% owned by RTM and is approximately4.0 km long, 2.8 km wide, oval shaped and is positioned along asouthern extensional splay fault contained within the KapuskasingStructural Trend. The Kapuskasing Structural Trend contains severalwell documented carbonatite complexes that contain Niobium, Iron,Titanium and Rare Earth Element resources within various assemblagesof carbonatite rocks.
Case Batholith Group 1 and New 190Claim Staking (Rare Earth Element) consists of90 claims covering the Case Batholith centered on HeighingtonTownship, 85 km northeast of Cochrane, Ontario. The Case Batholithproperties are 100% owned and royalty free. The properties occurwithin the boundaries of the Case Batholith and are specificallylocated in Heighington, Kenning, Sequin, and Case Townships. Fiveproperties are situated 12 km north of the Power Metals Case Lakelithium/cesium discovery in Steel Township. The 190 newly stakedclaims adjoin Power Metals and Beyond Lithium land holdings located inthe southeastern portion of the Case Batholith.
Case Batholith Group 2 (Rare EarthElement) consists of four properties (113 claimblocks) that are 100% owned and certain of the claims are subject to a2% NSR royalty, within the boundaries of the Case Batholith innorthern Ontario. The four properties are in Agassiz township (29claims), Potter township (51 claims), Seguin/Challies township (14claims) and Bragg township (19 claims), Ontario. Substantially all theclaim blocks have been acquired based onmagnetic signatures resembling east - west trending pegmatitic dykesand laccolith structures contained within the tonalite/granodioriterock assemblages of the Case Batholith.
Sheba-Michie-Alma (Cu, Ni , Co, Cr,Pt) , (“Sheba”) consists of 194 mineralclaims within the northwest-southeast trending Michie, Sheba and AlmaTownship corridor in the Abitibi Greenstone belt, located within theSuperior Province, 70 km southeast of Timmins, Ontario. The Shebaproperty is 100% owned and royalty-free. The Sheba property isprospective for Cu, Ni, Co, Cr, Pt, and Pd mineralization (MNDM files42A02SE2019). Previous limited surface sampling activities haveencountered 0.19% Cu, 0.14% Ni and 0.34% Cr immediately west of theSheba South block in ultramafic pyroxenite-peridotiteassemblages.
Kendrey Property (Rare EarthElement) consists of 32 claims in the Kendreyand Colquhoun Townships located 14 km southeast of Smooth Rock Falls,Ontario that are 100% owned and royalty free. The property covers whatappears to be a large, inferred carbonatite complex that isprospective for rare earth elements, primarily niobium. The intrusiveis approximately 2.8 km wide and 2.7 km long. It is positioned along asoutheastern extensional splay fault belonging to the KapuskasingStructural Trend.
Galna / Moody Property (Cu, Ni, Co,Cr) consists of four separate claim blockstotalling 24 cells in the Galna and Moody Townships, located 35 kmeast of Iroquois Falls, Ontario. The Company acquired 100% interest inthe property by map staking. Timmins Property (Base Metals) is aroyalty free 16-claim block located approximately 50 km southeast ofTimmins, Ontario, and is 100% owned by RTM. The property featuresseveral mineralized fault systems that suggest proximity to a basemetal source.
Link-Catharine RLDZ Property(Gold) is comprised of fifteen unpatented singlecell mining claims with a total area of 220 hectares in one claimblock. The Link-Catharine property is located 22 km south-southeast ofthe town of Kirkland Lake, Ontario. RTM has an option to earn a 100%interest in this property subject to a 2% NSR.
Milligan Property (Gold) is a royalty free 16-claim block located approximately 75 kmnortheast of Timmins, Ontario, and is 100% owned by RTM. MilliganProperty (Gold) covers the southeast extension of the volcanicstratigraphy hosting the Eastford Lake gold discovery of 142.2 g/t Auover 3.0 m announced by Explor Resources in 2009.
Blakelock Property (Gold) is a royalty free 9-claim block located approximately 75 kmnortheast of Cochrane, Ontario, and is 100% owned by RTM. The propertyis host to a massive east-west trending magnetic high intrusivecomplex that was subject to limited drilling in 1967.
Mcquibban Property (Gold) is a royalty free 19-claim block located approximately 50 kmnorth of Cochrane, Ontario, and is 100% owned by RTM. The propertyhosts a strong 3.0 km long east-west trending inferred oxide faciesbanded iron formation, in which one historical drill hole encountereda gold mineralized interval of 5.47 g/t Au over 1.2m.
For more information, please visit the company’swebsite at www.rtmcorp.com .
On behalf of the Board and for further informationcontact:
Mr. Doug Andrews, MSc, BSc,President-CEO RT Minerals Corp. 1-866-996-4551
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 certain forward-looking statements, whichrelate to future events or future performance and reflectmanagement’s current expectations and assumptions. Suchforward-looking statements reflect management’s current beliefs andare based on assumptions made by and information currently availableto the Company. Readers are cautioned that these forward-lookingstatements are neither promises nor guarantees, and are subject torisks and uncertainties that may cause future results to differmaterially from those expected including, but not limited to, marketconditions, 5 availability of financing, actual results of theCompany’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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