Date: November 22, 2016
RT Minerals Corp. (TSX.V: RTM)
TSX.V: RTM RT Minerals Corp. (TSX.V: RTM),
High Grade Gold Norwalk Property, Drill Plan Ballard Lake
Property
RT MINERALS CORP. ANNOUNCES
HIGH GRADE GOLD ASSAYS FROM NORWALK PROPERTY
AND DRILL PLAN FOR BALLARD
LAKE PROPERTY, ONTARIO
TSX.V: RTM may not be at these levels much
longer.
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Vancouver, B.C. November 22, 2016 RT Minerals
Corp. (TSX.V:
RTM) (the Company) reports on surface grab sampling at the
Companys 100% optioned Norwalk property and further drilling plans
at the Companys 100% owned Ballard Lake Property, both near Wawa,
Ontario.
NORWALK PROPERTY, ONTARIO, ASSAY RESULTS
The Norwalk property is contiguous to the south boundary of the
Wawa Gold Project, held by Red Pines Inc. Initial reconnaissance
prospecting and surface sampling of historical mine dumps resulted
submission of nine samples to Swastika Laboratories Ltd. for Gold
fire assay. Total metallic fire assay was completed on over-limit
samples 42756 and 42757. Gold assays are from the Norwalk vein and
Gananoque Adit vein.
Norwalk Vein
|
Sample Number
|
G/T Au
|
Check Assay
|
|
42751
|
0.96
|
n/a
|
Quartz, 3-10% Pyrite and Arsenopyrite
|
42752
|
5.92
|
n/a
|
Quartz, 3-10% Pyrite and Arsenopyrite
|
42753
|
7.30
|
n/a
|
Quartz, 3-10% Pyrite and Arsenopyrite
|
42754
|
6.19
|
n/a
|
Quartz, 3-10% Pyrite and Arsenopyrite
|
42755
|
0.57
|
n/a
|
Quartz, 3-10% Pyrite and Arsenopyrite
|
Gananoque Adit Vein
|
Sample Number
|
G/T Au
|
Check Assay
|
|
42756
|
70.00
|
63.80
|
Quartz Vein, 10% Pyrite
|
42757
|
18.14
|
17.35
|
Quartz in Rhyolite, 7-10% Pyrite
|
42758
|
1.84
|
n/a
|
Strongly Carbonate Altered Metavolcanic Rock with 1-3%
Pyrite
|
42759
|
0.23
|
n/a
|
Strongly Carbonate Altered Metavolcanic Rock with 1-3%
Pyrite
|
A drill program of five holes, up to 200 metres each is
recommended on historical gold showings at Norwalk. A drill permit
application was filed in the last 45 days and drilling will
commence upon receipt of the drill permit and consultation with
local First Nation communities.
BALLARD LAKE GOLD DIAMOND PROPERTY DRILL
PLAN
As outlined in the Companys news release dated November 10,
2016, the Company has established potential for deep crustal or
mantle tapping conduits on the Ballard Lake property, which is
indicated by alkali ultramafic dikes and kimberlites on the
property. The Company staked many exploration targets in the
immediate area, and has increased the area of the Ballard Lake
Property to 160 square kilometres (~15,970 hectares).
RT Minerals Corp.s Ballard Lake property includes two historical
diamond-bearing kimberlite occurrences: GC1 (16 diamonds from 93.1
kg), and Fletch (6 diamonds from 51.48 kg). Diamond results were
reported by Chalice Diamond Corp. in February 2008.
RT Minerals Corp. has commenced regional compilation and will
apply for an exploration permit on the new claims with objective to
drill test known diamond bearing kimberlites and other potential
kimberlite targets. It is anticipated that the permit will be
secured in 60 days.
The Ballard Lake property lies in the Wawa supracrustal belt of
the Superior Craton, which is currently being explored by major and
junior exploration companies for both gold and diamonds.
Kevin Kivi, P.Geo., has extensive experience in the exploration
for gold and diamonds in Canada. He is the Qualified Person for the
Companys Norwalk and Ballard Lake properties and approves the
technical content of this press release.
TSX.V: RTM may not be at these levels much
longer.
See the Full Press Release and other
stories on RT Minerals at EmergingGrowth.com
http://emerginggrowth.com/?s=tsx.v%3A+rtm
FOR FURTHER INFORMATION CONTACT:
Paul Antoniazzi
President and Chief Executive Officer
RT Minerals Corp.
Telephone: 604-681-3170
Fax: 604-681-3552
About RT Minerals Corp
RT MINERALS CORP. (TSX.V:
RTM) (RTMFF) is a junior resource company engaged in the
acquisition, exploration and evaluation of primarily gold
properties in Canada. The Company's common shares are listed on the
TSX Venture Exchange ("TSXV") under the symbol "RTM" (OTC Pink
Sheets "RTMFF"). The Companys principal mineral properties in
Canada are:
- Ballard Lake Property - Gold
property located approximately 50 kilometres northeast of Wawa,
Ontario, in which the Company owns a 100% interest, subject to a 2%
net smelter royalty.
- Norwalk Property - Gold property
located approximately 5 kilometres south of Wawa, Ontario, in which
the Company has an option to earn a 100% interest, subject to a 2%
net smelter royalty.
- Dill River Property - Gold property
located several kilometres southeast of Wawa, Ontario, in which the
Company has an option to earn a 100% interest, subject to a 2% net
smelter royalty.
- Golden Stock Property - Gold
property located near the Cairo Township in Matachewan, Ontario, in
which the Company owns a 100% interest, subject to a 2% net smelter
royalty.
- Lac Mica Property - Lithium prospect
located approximately 130 kilometres north of Montreal, Quebec, in
which the Company owns a 100% interest.
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Neither the TSX Venture Exchange nor its Regulation Service
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Exchange) accepts responsibility for the adequacy of accuracy of
this news release.
Forward-looking Statements
Certain statements in this press release relating to the
Companys exploration activities, project expenditures and business
plans are approximate and 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 managements
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 adverse
market conditions, 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 may not achieve any category of
resource(s). 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,
equity markets 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 or future releases will lead
to the identification of a deposit that can be mined economically,
and further work is required to identify resources and
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