RTM - RT Minerals (RTM) Announces Summary of Ontario Geological Survey Ministry of Mines Ontario RTM Nordica Property Inclusion at OGS Virtual Showcase for 2023
(TheNewswire)
Vancouver, B.C. – TheNewswire - December 15, 2023 – RT MineralsCorp. (TSXV:RTM) (OTC:RTMFF) (the “Company”or “RTM”); RTM’s Nordica property is located 45 minutes drivingtime on paved and dirt roads from Kirkland Lake, Ontario. The propertyis 100% owned by RTM. The property is host to mineralizationconsisting of Copper (Cu), Nickel (Ni), Cobalt (Co), Chromite (Cr),Platinum (Pt), Palladium (Pd), Vanadium (V), Selenium (Se) andTitanium (Ti).
On December 1, 2023, RTM’s Nordica Property, Ontario,was a part of the OGS Virtual Showcase-2023 on a live OGS video feedfor all regional geologists of the OGS and members of thepublic.
The OGS Virtual Showcase is held each year by the OGS,Ontario, and identifies grass roots and advance stage properties inthe Province of Ontario that are considered significant mineraloccurrences of interest for further exploration in theprovince.
The presentation included a map outlining geology,magnetics, calculated vertical derivative, significant mineraloccurrences and proposed RTM drill targets on the Nordica property.The map used in the presentation includes some assay results from pastoperators and recent RTM reconnaissance and surface sampling results.Figure 1 below outlines the Nordica property map and informationcompiled and presented by the Ontario Geologic Survey for thepresentation.
In the next several days RTM will publish acomprehensive summary of the Nordica property with material past andcurrent work from the Nordica Property.
FIGURE 1.
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, Pt, Pt, V, Se and Ti, is 100% owned by RTM.It is comprised of 34 claims in Nordica Township that cover theultramafic layered Nordica Intrusive Complex in the Abitibi GreenstoneBelt, within the Superior Province, 60 km southeast of Timmins,Ontario. Previous exploration activity on the Nordica property hasencountered Cu grading up to 0.292% (rock-grab samples), Ni up to0.24% in drill core over 1.0 m, Co up to 614ppm (outcrop), Cr up to17.7% (grab-rock sample) and Pd up to 1.2ppb(outcrop chip and drill core over 3 1.0m)(MNDM files OFR 6102). Thereis a 2.5% NSR on all RTM Nordica claims.
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 Earth Element) 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 190 ClaimStaking (Rare Earth Element) consists of 90claims covering the Case Batholith centered on Heighington Township,85 km northeast of Cochrane, Ontario. The Case Batholith propertiesare 100% owned and royalty free. The properties occur within theboundaries of the Case Batholith and are specifically located inHeighington, Kenning, Sequin, and Case Townships. Five properties aresituated 12 km north of the Power Metals Case Lake lithium/cesiumdiscovery in Steel Township. The 190 newly staked claims adjoin PowerMetals and Beyond Lithium land holdings located in the southeasternportion of the Case Batholith.
Case Batholith Group 2 (Rare Earth Element) 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), (“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 Earth Element) 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 a royalty free 16-claim block locatedapproximately 50 km southeast of Timmins, Ontario, and is 100% ownedby RTM. The property features several mineralized fault systems thatsuggest proximity to a base metal source.
Milligan Property (Gold) is a royalty free 16-claim block locatedapproximately 75 km northeast of Timmins, Ontario, and is 100% ownedby RTM. Milligan Property (Gold) covers the southeast extension of thevolcanic stratigraphy hosting the Eastford Lake gold discovery of142.2 g/t Au over 3.0 m announced by Explor Resources in 2009.
Blakelock Property (Gold) is a royalty free 9-claim block located approximately75 km northeast of Cochrane, Ontario, and is 100% owned by RTM. Theproperty is host to a massive east-west trending magnetic highintrusive complex that was subject to limited drilling in 1967.
Mcquibban Property (Gold) is a royalty free 19-claim block locatedapproximately 50 km north of Cochrane, Ontario, and is 100% owned byRTM. The property hosts a strong 3.0 km long east-west trendinginferred oxide facies banded iron formation, in which one historicaldrill hole encountered a gold mineralized interval of 5.47 g/t Au over1.2m.
For more information on the Company please visit thecompany’s website at www.rtmcorp.com .
On behalf of the Board and for further informationcontact:
Mr. William Elston, President, CEO, Director
RT Minerals Corp. Telephone: (604) 725-0604
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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