RT Minerals Corp. Announces High Grade Gold Values of up to 64.04 g/t Au from its Norwalk Property, South of Red Pine Exploration near Wawa, Ontario

August 22, 2017 8:00 AM EDT | Source: RT Minerals Corp.

Vancouver, British Columbia--(Newsfile Corp. - August 22, 2017) - RT Minerals Corp. (TSXV: RTM) (OTC Pink: RTMFF) (the "Company") announces the following assay results from 32 surface grab and composite samples collected from various locations on the Company's 100% optioned Norwalk gold property, which adjoins the Red Pine Exploration Surluga deposit property near Wawa, Ontario.

Sample
Number		LocationTypeDescription of Rockg/Mt
Au
42803Norwalk Shaft Muck Piles ("MP")GrabQuartz Vein with 5 to 10% Sulphides, mostly Arsenopyrite51.34
42803Norwalk Shaft MPGrab (Check)Quartz Vein with 5 to 10% Sulphides, mostly Arsenopyrite64.04
42804Norwalk Shaft MPGrabQuartz Diorite with Quartz Veinlets and 10% Sulphides3.15
42805Norwalk Shaft MPGrabQuartz Vein with Chloritic Seams and 3 to 4% Sulphides1.10
42806Norwalk Shaft MPGrabQuartz-Feldspar Schist with Narrow Quartz Veins, 5 to 8% Sulphides (Arsenopyrite Needles)2.94
42807Norwalk Shaft MPGrabSericite-Chlorite Schist, 5 to 8% Arsenopyrite5.97
42807Norwalk Shaft MPGrab (Check)Sericite-Chlorite Schist, 5 to 8% Arsenopyrite6.26
42808Norwalk Shaft MPGrabQuartz Vein, 3 to 4% Sulphides (Arsenopyrite)6.50
42808Norwalk Shaft MPGrab (Check)Quartz Vein, 3 to 4% Sulphides (Arsenopyrite)7.09
42809Norwalk Shaft MPGrabQuartz Diorite, 3 to 4% Arsenopyrite0.38

 

Four further grab samples of local wall rock from the Norwalk Shaft Muck Piles returned 10 ppb to up to 350 ppb Au.

Sample
Number		LocationTypeDescription of Rockg/Mt
Au
42814Historical Trench 100 Metres East of Norwalk ShaftGrabQuartz Vein Material, 2 to 3% Sulphides0.55
42815Historical Trench 100 Metres East of Norwalk ShaftComposite sample over 4m2Quartz Vein, Gossan, and Altered Diorite, 2 to 3% Pyrite6.39
42815Historical Trench 100 Metres East of Norwalk ShaftComposite sample over 4m2 (Check)Quartz Vein, Gossan, and Altered Diorite, 2 to 3% Pyrite7.36
42825Historical Trench 100 Metres East of Norwalk ShaftGrabQuartz Vein, 30 to 40% Pyrite, Minor Arsenopyrite3.96
42826Historical Trench 100 Metres East of Norwalk ShaftGrabQuartz Vein with Semi Massive Sulphides, Mainly Arsenopyrite2.82
42828Historical Trench 100 Metres East of Norwalk ShaftGrabSugary Quartz, 20% Semi Massive Sulphides3.80
42829Historical Trench 100 Metres East of Norwalk ShaftGrabSugary Quartz with Semi Massive Sulphides2.65

 

Three further grab samples from the Norwalk Adit entrance returned 110 ppb to up to 200 ppb Au.

Seven grab samples were taken from the Gananoque Adit entrance and returned 20 ppb and up to 1.45 g/Mt Au.

Five grab samples were taken from an historic trench on the south west corner of the Norwalk Property and all were gold-bearing and returned assays from 10 ppb up to 120 ppb Au.

Gold mineralization at Norwalk is hosted by altered diorite, gossan and quartz. Gold-bearing composite sample 42815 demonstrates that gold mineralization may occur over significant widths.

Rock samples were submitted to Swastika Laboratories Ltd. for Gold fire assay. Swastika Laboratories Ltd. is accredited by Canadian Association for Laboratory Accreditation Inc. (CALA) and meets the requirements of ISO/IEC 17025:2005 for Gold by Fire Assay.

Paul Antoniazzi, President of RT Minerals Corp., states, "The Company is very encouraged with the widespread grade gold assays obtained from the recent limited surface sampling program. In my experience, it is significant to have so many gold bearing samples from initial sampling of several different areas of the ~1,000 acre property. Geophysical targets associated with this mineralization will be prioritized and drilled immediately."

The Company is currently completing a 31 kilometre surface geophysical surveys covering parts of the Norwalk gold property. Upon completion of magnetic and IP (induced polarization) surveys, a drill program will be initiated to test targets. The drill program is expected to commence in the next 2 to 3 weeks. Details of the drill program will be announced when drill mobilization occurs.

BALLARD LAKE DIAMOND AND GOLD PROPERTY, ONTARIO

RT Mineral Corp. owns a 100% interest in the 366 square kilometre (~141 square mile) Ballard Lake Diamond and Gold property located near Wawa, Ontario.

The Company is in the process of developing drill targets for testing this summer. As part of this work, the Company has been considering equity or joint venture financing for the first phase of work on the Ballard Lake property.

Mr. Kevin Kivi, P.Geo. is Qualified Person for RT Minerals Corp. Mr. Kivi met with field personnel in Wawa, reviewed field notes and assay certificates, and approves the technical content of this news release.

ABOUT RT MINERALS CORP.

RT Minerals Corp. is a junior resource company engaged in the acquisition, exploration and evaluation of primarily gold and diamond properties in Canada. The Company's common shares are listed on the TSX Venture Exchange under the symbol "RTM" and on the OTC Pink Market under the symbol "RTMFF" with DTC eligibility for trading in the United States.

For more information on the Company and its properties, please visit the Company's website at www.rtmcorp.com.

FOR FURTHER INFORMATION CONTACT:

Paul Antoniazzi
President and Chief Executive Officer
RT Minerals Corp.
Telephone: 604-681-3170
Fax: 604-681-3552

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.

Forward-looking Statements

Certain statements in this press release relating to the Company's 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 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 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 reserves.  We seek safe harbour. 

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