RTM:CC - RT Minerals Corp. Stakes 190 Claims to Expand its Case Batholith Ontario Holdings Contiguous to Power Metals Corp. and Beyond Lithium Inc. Properties
(TheNewswire)
Vancouver, B.C. – TheNewswire - July 20, 2023 – RTMinerals Corp. (TSXV:RTM) (OTC:RTMFF) (the “Company” or “RTM”)is pleased to announce that it has acquired by staking a further 190claims (~4,000 Ha) within the Case Batholith about 150 kms northeastof Timmins, Ontario, to expand RTM’s claim holdings in thisarea.
The newly staked RTM claims adjoin claims that areowned by Power Metals Corp., Beyond Lithium Inc., and others, in thisarea of the Case Batholith. The Power Metals property contains asignificant Lithium-Cesium discovery at the southeastern end of theCase Batholith. This entire area of the southeastern portion of theCase Batholith is now fully staked and forms a large contiguous blockof claims for current and future exploration in this part of Ontario,by the various owners.
These newly staked RTM claims are in addition to fourCase Batholith properties 100% owned by RTM, located in AgassizTownship (29 claims), Potter Township (51 claims), Seguin/ChalliesTownship (14 claims) and Bragg Township (19 claims) ; (Total 100% RTMCase Batholith area ~6,000 Ha / Figure 1).
Figure 1.
All of RTM claim blocks have been acquired on the basisof favourable geologic prospectivity for pegmatite units and magneticsignatures resembling east - west trending pegmatitic dykes andlaccolith structures contained within the tonalite/granodiorite rockassemblages of the Case Batholith.
The Potter and Seguin/Challies prospects contain vastexposures of outcrop that have been identified on several vintages ofsatellite photography. Live satellite views strongly suggest theoccurrence of long linear pegmatitic dykes and ovoid intrusives on thesurface on these claims.
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
Mineral Projects. Rare Earth Element mineralizationthat exists on the Power Metal Corp. Case Batholith properties is notknown to exist on the Company’s properties in the Case Batholitharea.
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. The Company also holds anoption to acquire a 100% interest in the Link-Catharine RLDZ goldproperty located 22 km south-southeast of the town of Kirkland Lake,Ontario.
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). The property covers approximately 75% ofthe ultramafic layered intrusion which is currently inferred to beapproximately 4.0 km long, 250 m wide and 100m deep (MNDM files20000008666/2000113735).
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. Further drilling is warranted on the Kenogaming, Pharand I andPharand II prospects with the objective to expand the historical Ni,Cr, Co mineralization within the Kenogaming intrusive.
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 on magnetic signaturesresembling east - west trending pegmatitic dykes and laccolithstructures contained within the tonalite/granodiorite rock assemblagesof the Case Batholith.
Sheba-Michie-Alma (Cu, Ni , Co, Cr,Pt) , Ontario, are as summarized above herein.Kendrey Property (Rare Earth Element) consists of 32 claims in theKendrey and Colquhoun Townships located 14 km southeast of Smooth RockFalls, Ontario that are 100% owned and royalty free. The propertycovers what appears to be a large, inferred carbonatite complex thatis prospective for rare earth elements, primarily niobium. Theintrusive is approximately 2.8 km wide and 2.7 km long. It ispositioned along a southeastern extensional splay fault belonging tothe Kapuskasing Structural 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. William Elston, Director, RTMinerals 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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