RT Minerals Corp. ("RTM" / the "Company") (TSX VENTURE:RTM) is
pleased to announce that the Deep Hole (M-10-05b) has intersected
Ultramafic and Footwall style gold mineralization 2,380 metres
below surface and has confirmed the geologic model of the
favourable Timmins Mine fold nose structure. Within this zone is a
second broad interval of alteration, deformation and quartz
veining, estimated to be 37 metres wide. This has been identified
from recently received drill core which is currently being logged
and sampled.
The Deep Hole is currently at 3,061 metre in core length and
continues to test for Timmins Mine and Thunder Creek mineralization
at depth.
RT Minerals Corp joint venture partner and operator, Lake Shore
Gold Corp. (TSX:LSG) and (NYSE Amex:LSG) ("Lake Shore Gold" /
"LSG") today announced results from the Deep Hole (M-10-05b, which
was designed to test the down plunge extension of the Timmins Mine
and Thunder Creek ore bodies at vertical depths below 2,000
metres.
The Deep Hole targeted the Timmins Mine Fold Nose (TMFN), a
folded mineralized structure which hosts the Ultramafic and
Footwall zones and accounts for the bulk of existing resources
above the 1,200 metre level on LSG ground. The Ultramafic Zone, the
highest grade area of the Timmins deposit, typically occurs as a
series of lenses hosted by pyroxenite situated in the core of the
TMFN, while the Footwall Zone occurs within volcanic rocks,
immediately north of the pyroxenite. The Deep Hole successfully
intersected the pyroxenite, accompanied by typical Ultramafic and
Footwall style mineralization, including carbonate alteration,
quartz tourmaline veining, pyrite and elevated gold values at the
2,380 metre level (2,925 metres down hole), approximately 1.9
kilometre down plunge from the bottom of the current LSG reserve
assuming the same 53 degree plunge observed near surface. Given
that the Ultramafic Zone at the Timmins Mine starts at about the
525 metre level, and assuming the same plunge, the intersection at
2,380 metres represents a potential quadrupling of the plunge
length of the Ultramafic Zone. The best assay value obtained to
date is 1.98 grams per tonne gold over 1.10 metres from a zone
located at a down hole depth of 2,925 metres to the north and below
the nose of the TMFN structure.
Tony Makuch, President and CEO of Lake Shore Gold, commented:
"We are extremely encouraged by the results of the Deep Hole. It is
an incredible accomplishment by our exploration team that, through
their analysis and calculations, they were able to model the
extension of the Ultramafic structure almost two kilometres away
and intersected the structure with the first hole. That is one hell
of a stretch! Based on our interpretations, the results very
clearly validate our exploration model, potentially quadruple the
plunge length of the Ultramafic Zone and demonstrate an amazing
down plunge continuity of the Timmins Mine gold system, which is a
classic characteristic of the historic, long-life Timmins gold
producers. We believe the same is true of Thunder Creek and will
work towards showing this through continued drilling.
We came in on the north limb of the TMFN and now plan to drill
multiple wedge cuts into the nose of the fold structure, where the
potential to intersect high-grade mineralization is considered
greatest. Based on the results, we are very confident that, through
additional work, we will be able to add significant new extensions
to the mineralization at the Timmins West Complex. We are excited
about the prospects for additional favourable results as we
continue drilling the Deep Hole to further test both the Timmins
Mine and Thunder Creek mineralization, complete the planned wedge
cuts into the nose of the TMFN and undertake infill drilling
between the new drill results and the bottom of our current reserve
on the 1,200 Level at Timmins Mine."
The Deep Hole drill program targets an area on property owned by
a joint venture involving Lake Shore Gold, RT Minerals Corp. and
Adventure Gold Inc. ("AGE"). All design and management of drilling
for the program is being conducted by Lake Shore Gold. RTM and LSG
may each initially earn up to 25% of the Meunier JV property with
AGE retaining an initial 50% interest.
Based on current interpretations, the Deep Hole intersects the
north limb of the TMFN structure slightly north of the boundary
between the LSG - RTM - AGE Meunier JV property and 100% owned Lake
Shore Gold property. The hole crosses the boundary onto the LSG -
RTM - AGE JV property at 2,985 metres down hole with drilling
continuing. The limb is identified on the basis of a prominent
contact between pyroxenite and mafic volcanic rocks, which occurs
at approximately 2,862 metres down hole. At present, the hole is
still in progress and remains in pyroxenite at the current bottom
which is 3,061 metres. Based on LSG's projections, the nose of the
TMFN structure may lie slightly to the south and near the 2,100
metre elevation on the current section line.
Observations from drill core also indicate moderate to strong
alteration and between 2,828 metres and 2,928 metres (i.e.
approximately 100 metres wide) with several narrow syenite dikes,
local quartz veinlets with tourmaline and sections containing
between 1-8% pyrite. Results from this interval indicates anomalous
gold values and a best assay value of 1.98 grams per tonne gold
over 1.10 metres, from a down hole depth of 2,925 metres.
A second broad zone of alteration and deformation has been
identified from recently received core, which also contains quartz
veining, with tourmaline and locally elevated pyrite. This core is
now being logged and sampled. This lower zone occurs between 3,024
and 3,061 metres (i.e., approximately 37 metres wide) and is still
open to depth.
Current plans are to extend the current Deep Hole to a minimum
down hole depth of 3,400 metres to allow a better overall
understanding of both the Timmins Mine and Thunder Creek depth
extensions. Following this, the plan is to complete a series of
wedge cuts to better define the overall geometry of the structure
at this elevation, as well as plan for new drilling up and down
plunge to start defining new resources.
Quality Control
The Qualified Person ("QP") for the Meunier Deep Hole drill
program is Jacques Samson, P.Geo. who as QP has prepared or
supervised the preparation of the scientific or technical
information for the Meunier JV property and verified the data
disclosed in this press release.
Lake Shore Gold, as operator, has implemented a quality-control
program to ensure best practice in the sampling and analysis of the
drill core. Assays have been completed using a standard fire assay
with a 30-gram aliquot. For samples that return a value greater
than 10 grams per tonne gold, samples are re-run with a gravimetric
finish. Zones with visible gold are tested by pulp metallic
analysis. NQ size drill core is saw cut and half the drill core is
sampled in standard intervals. The remaining half of the core is
stored in a secure location. The drill core is transported in
security-sealed bags for preparation at ALS Chemex Prep Lab located
in Timmins, Ontario, and the pulps shipped to ALS Chemex Assay
Laboratory in Vancouver, B.C. ALS Chemex is an ISO 9001-2000
registered laboratory preparing for ISO 17025 certification.
There is no guarantee that drill results reported in this news
release will lead to the identification of resources that can be
mined economically, and further work is required to identify
resources and reserves.
BAZOOKA GOLD PROPERTY, QUEBEC
RT Minerals Corp. ("RTM" / the "Company") announces the
following drill hole results from its 100% owned Bazooka gold
property south of Noranda, Quebec.
Assay Results Received For RT Minerals 2011 Drilling - Bazooka Property
---------------------------------------------------------------------------
Interval
Hole No. Section Zone From (m) To (m) (m) Au g/t
---------------------------------------------------------------------------
BRT-11-13A 2000E Bazooka 132.10 137.69 5.59 0.86
Main
---------------------------------------------------------------------------
including 132.10 135.00 2.90 1.47
---------------------------------------------------------------------------
including 133.10 134.03 0.93 3.50
---------------------------------------------------------------------------
220.43 242.00 21.57 0.23
---------------------------------------------------------------------------
including 235.51 240.00 4.49 0.44
---------------------------------------------------------------------------
297.00 298.00 1.00 1.44
---------------------------------------------------------------------------
302.70 303.35 0.65 1.82
---------------------------------------------------------------------------
397.00 398.00 1.00 1.61
---------------------------------------------------------------------------
BRT-11-14 2225E Bazooka 29.72 30.70 0.98 0.78
Main
---------------------------------------------------------------------------
156.00 178.00 22.00 1.01
---------------------------------------------------------------------------
including 160.00 161.00 1.00 1.92
---------------------------------------------------------------------------
And 167.00 171.73 4.73 2.64
---------------------------------------------------------------------------
including 170.74 171.73 0.99 6.88
---------------------------------------------------------------------------
including 171.40 171.73 0.33 17.49
---------------------------------------------------------------------------
Also 175.60 176.89 1.29 4.11
---------------------------------------------------------------------------
including 176.36 176.89 0.53 7.65
---------------------------------------------------------------------------
The intervals reported in the table above represent core lengths. The true
width can be approximated as approximately 85% of core lengths based on the
dip of the rock formations and mineralized corridor but could be somewhat
different because of structural complexity (folding and shearing) in the
Cadillac-Larder Lake Deformation Zone.
As part of the current work program at Bazooka a preliminary 3-D
model of the Bazooka mineralization using past and current diamond
drill data was completed to increase the understanding of the
property geology in support of a second phase of diamond
drilling.
Further drilling of 9 holes is now proposed at Bazooka. Six of
the nine holes will be drilled as phase one and three relatively
shallow holes may be completed at the end of Phase one as
contingency holes under the new drill campaign.
The nine holes are designed to extend the mineralization to
depth below current significant intercepts, add information to
untested areas within the interpreted Main Zone, test the potential
easterly plunge of the Main Zone, and explore deformed and altered
rocks near the Cadillac Larder Lake Break at a deeper level below
the -200m elevation.
All of the 9 holes are targeting the interpreted Main Zone which
generally hosts the best gold values and widths, and has the best
continuity both along strike and down dip. The total drill program
is scheduled to consist of 3450 meters in drilling. This drilling
is expected to commence next week.
MCWATTERS GOLD PROPERTY, QUEBEC
The 100% owned McWatters gold property is located approximately
9km east of the Bazooka property. The Company has completed line
cutting, a magnetometer survey, soil sampling and trenching.
Further trenching will commence on surface targets in mid-November.
Drilling at McWatters is scheduled for early 2012. Complete details
of the proposed drill program will be announced at that time.
QUALITY CONTROL
Assaying for the Bazooka property was carried out by Laboratoire
Expert of Noranda, Quebec.
RT Minerals Corp. Qualified person for the Bazooka property and
the McWatters property is Robert Laakso, P.Eng. and he has reviewed
and supervised the preparation of the scientific or technical
information disclosed in this press release.
Forward-Looking Statements
Certain statements in this press release relating to the
Company's exploration activities, potential for increasing
resources, project expenditures and business plans are
"forward-looking statements" within the meaning of securities
legislation. The Company does not intend, and does not assume any
obligation, to update these forward-looking statements. These
forward looking statements represent management's best judgment
based on current facts and assumptions that management considers
reasonable, including that operating and capital plans will not be
disrupted by issues such as mechanical failure, unavailability of
parts, labor disturbances, interruption in transportation or
utilities, or adverse weather conditions, that there are no
material unanticipated variations in budgeted costs, that
contractors will complete projects according to schedule, and that
actual mineralization on properties will not be less than
identified mineral reserves. The Company makes no representation
that reasonable business people in possession of the same
information would reach the same conclusions. Forward looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. In particular, fluctuations in the
price of gold or in currency markets could prevent the Company from
achieving its targets. Readers should not place undue reliance on
forward-looking statements. There is no guarantee that drill
results reported in this news release will lead to the
identification of a deposit that can be mined economically, and
further work is required to identify resources. We seek safe
harbor.
Contacts: RT Minerals Corp. Donald (Dan) M. Clark President
(604) 681-3170 (604) 681-3552 (FAX)www.rtmcorp.com
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