RTMFF - RT Minerals Corp. Reports on Mobilization of Surface Exploration and Drilling Program at Link-Catharine RLDZ Gold Property Kirkland Lake Ontario
(TheNewswire)
Vancouver, B.C. - TheNewswire – November 4, 2021 – RT Minerals Corp.(TSXV: RTM) (OTC:RTMFF) (the “Company” or “RTM”) ispleased to announce that it has mobilized its 2021-2022 field programon the Company’s 100% optioned Link-Catharine property, locatedabout twenty-five kilometres southeast of Kirkland Lake, Ontario.
The current field work consists of significant amounts of stripping,trenching and sampling on an initial three surficial outcrops andseveral local structures associated with the green carbonate(fuschite), mafic, ultramafic (“GCMU”) rock assemblages. Previousexcavations by RTM has identified auriferous outcrop (1.86 g/t Au inFuschite - April 22, 2011 RTM News Release) and current stripping ofthis outcrop has revealed widespread quartz and carbonate veining atsurface (see Photo 1) that continues northeastward along a pronouncedzone of deformation. The two other recently discovered outcrops willcontinue to be stripped and trenched with all outcrops beingextensively sampled.
A Three-Dimensional Distributed Array IP geophysical program hascommenced on Link-Catharine covering the northern part of theproperty. The northern IP program will aid in the delineation ofseveral geophysical targets and deformation corridors previouslyidentified on magnetic surveys. The interpretation of the IPgeophysical program is expected in the next 10 days.
In addition, the Company plans to drill up to twelve holes at anaverage of two hundred metres per hole below the previously describedGCMU outcrops as well as on two prominent magnetic low signaturestargeting “magnetic destruction” previously outlined fromhistorical geophysical surveys. Existing and additional targets willbe defined from the current northern 3D – IP survey. The prominentmagnetic low features represent attractive (magnetic destruction)exploration targets for potential gold bearing syenite intrusive,gabbroic units and cross fault / deformation corridors. Similartargets are being pursued by other companies in this area of theAbitibi Greenstone Belt to the north of RTM claim holdings (NorthstarGold Inc. syenite intrusives and deep fault magnetic destructiontargets). RTM drilling is expected to commence by on or about November12, 2021.
In the broader Catharine / Marter Township area, the Company hascompleted regional mineral claim acquisition objectives whereby RTMlocally dominates the Pacaud and Catharine fault structures /deformation corridors throughout its current land position (see newsrelease, RTM July 22, 2021: Acquisition of 102 Square Kilometres ofMineral Claims Contiguous to Link-Catharine RLDZ Property, Ontario).Several areas of surface exploration and “drill ready” targetshave been identified on the expanded land position. RTM will providemore details on all targets on the 102 square km land package over thenext few months.
The Company cautions that geology and / or mineralization onproperties held by RTM may not be indicative or comparable to geologyor gold mineralization on adjacent or regional properties held byNorthstar or other operators in the area.
Finally, the Company announces the grant of 1,000,000 incentive stockoptions exercisable at $0.08 per share over a two year term to twodirectors of the Company.
Qualified Person - Mr. Garry Clark, P.Geo., isthe Qualified Person for RTM and he has reviewed and approved thetechnical content of this press release.
Photo 1 – Gold bearing outcrop with widespread quartz and carbonateveining at surface. 11/04/2021
About RT Minerals Corp.
RT Minerals Corp. is a junior exploration company listed on the TSXVenture Exchange under the symbol “RTM” and has 78,694,654 commonshares issued and outstanding, of which 19.95 million shares are heldin escrow to be released over a three-year period ending July 14,2024. The Company holds an option to acquire a 100% interest in theLink-Catharine RLDZ gold property comprised of fifteen unpatentedsingle cell mining claims with a total area of 220 hectares in oneclaim block, which is contiguous to the Company’s 100% owned 102square kilometre Catharine claim block. These properties are locatedapproximately twenty-two kilometres south-southeast of the town ofKirkland Lake, Ontario. The Company also holds a 100% interest in theNorwalk 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
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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