RTMFF - RT Minerals Corp. Reports Drilling Update at the Link-Catharine RLDZ Gold Property Kirkland Lake Ontario
(TheNewswire)
Vancouver, B.C. - TheNewswire – November 18, 2021 – RT MineralsCorp. (TSXV:RTM) (OTC:RTMFF) (the “Company”or “RTM”) reports that two holes have been completed and a thirdhole is ongoing in the Company’s drill program at the 100% optionedLink-Catharine RLDZ property, located about twenty-five kilometressoutheast of Kirkland Lake, Ontario, that was announced on November10, 2021.
The first two holes (DDH-06-21 and DDH-07-21) have beendrilled within 50m of the Company’s November 11, 2020 discovery hole(CA-01-2020). The current first two holes have successfully tested theentire deformation zone (Pacaud fault corridor) from what appears tobe the correct azimuth to penetrate the zone at close to true width.The November 2020 discovery hole only tested the top 35m portion ofthis entire deformation zone at an oblique angle.
The first Hole DDH-06-21 was drilled at 45 degrees fora length of 159m. The second Hole DDH-07-21 was drilled underDDH-06-21 at 65 degrees for a total length of 258m. Both holesintersected ultramafic-Basalt (country rock), green carbonate, amassive fault zone (gouge) and thereafter encountered alteredultramafics, porphyry dikes, porphyry sills and a porphyry/syenitemix. These rock types carry variable amounts of sulphides within 1m to10m widths observed intermittently throughout the entire 70m to 90mwide deformation package. Quartz veining along with 1% to 7%disseminated and coarse pyrite with chalcopyrite is observed withinthe 1m to 10m wide intervals throughout both holes.
The third hole of the program DDH-08-21 has stepped outalong strike to the southwest from the first two holes and has testthe deformation zone coincident with the strongest Three-DimensionalArray IP anomaly outlined in early 2021.
The third hole (DDH-08-21) has been completed to atotal depth of 225m. This hole consisted of 60m of overburden and 165mof the deformation zone and favourable stratigraphy. The rock typesand sulphides are generally similar to hole DDH-07-21. The fourth holeof the program DDH-09-21 will now be drilled below DDH-08-21.
In addition, the Three-Dimensional Distributed Array IPgeophysical program announced November 10, 2021 has been completed onthe northern part of the Property. The interpretation of the IPgeophysical program is expected next week.
Under the current program, the Company plans to drillup to twelve diamond drill holes at an average depth of two hundredmetres per hole. Several drill holes will continue to target anddelineate the deformation zone. Additional holes will target at leastone prominent and large magnetic low signature (“magneticdestruction”) and strong VLF targets previously outlined fromhistorical geophysical surveys.
Mr. Doug Andrews, President and CEO of the Company,states: ”I am encouraged with the first two penetrations of the maindeformation zone as well as with the speed and efficiency of thecurrent drilling at Link-Catharine. The discovery of mineralizedsyenite and porphyry assemblages within the 80m wide deformation zonehas not been observed at this location in historical drilling. This issignificant as the assemblages represent an additional (new) thicktarget horizon along with the overlying carbonate/fuschite complex.”
Qualified Person - Mr. GarryClark, P.Geo., is the Qualified Person for RT Minerals Corp. and hehas reviewed and approved the technical content of this press release.
About RT Minerals Corp.
RT Minerals Corp. is a junior exploration companylisted on the TSX Venture Exchange under the symbol “RTM” and has78,694,654 common shares issued and outstanding, of which 19.95million shares are held in escrow to be released over a three-yearperiod ending July 14, 2024. The Company holds an option to acquire a100% interest in the Link-Catharine RLDZ gold property comprised offifteen unpatented single cell mining claims with a total area of 220hectares in one claim block, which is contiguous to the Company’s100% owned 102 square kilometre Catharine claim block. Theseproperties are located twenty-two kilometres south-southeast of thetown of Kirkland Lake, Ontario. The Company also holds a 100% interestin 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:
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 (including, but not limited to, the overall size of theOffering, the proposed use of proceeds and the expected closing of anytranches thereof) 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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