RT Minerals Corp.

RT Minerals Corp.

March 02, 2012 14:00 ET

RT Minerals Corp. Announces Meunier, Ontario, Deep Drilling Joint Venture Update and Bazooka Gold Assay Results, Quebec

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 2, 2012) - RT Minerals Corp. (TSX VENTURE:RTM) -


RT Minerals Corp. ("RTM" / the "Company") announces the conclusion of the Deep Hole at the Meunier JV Property in the West Timmins gold region, Ontario. Drilling of the hole was discontinued at a 3444m core length due to technical difficulties encountered at this depth in the hole.

Further to RTM's press release dated November 10, 2011 concerning the Meunier JV property, RTM is advised by the Operator that no other significant gold mineralization was encountered in the Deep Hole on the Meunier JV property (representing approximately the last 462 metres of the full 3,444 metre core length). Despite the above, the hole intersected a thick section of pyroxenite and several zones of alteration and deformation, including a broad zone containing local quartz veining, elevated pyrite and tourmaline between 3,023 and 3,052 meters (2,475 meters vertically below surface) with similarities to mineralization found within the Timmins West Mine Fold Nose Structure. The potential to extend or encounter other similar zones which could have higher grades in areas above, below and on strike of the above zone and on the Meunier JV or adjacent Lake Shore Gold property are considered excellent.

In addition, budget analysis has outlined drilling costs that in the opinion of the Joint Venture participants are too high to warrant further drilling. Therefore no further drilling in the parent hole or by wedge cuts from the parent hole are planned at this time on the JV property. The Deep Hole will be preserved so that future drilling or wedge cuts may be considered at a later date.

The Meunier JV consists of Adventure Gold Inc. (50%) ("AGE"), Lake Shore Gold Corp. (25%-Operator) ("LSG") and RT Minerals Corp. (25%). Over $3,000,000 has been spent by LSG and RTM on the property to date. These interests and final expenditures are unaudited and subject to final review and acceptance by AGE, RTM and LSG.


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
From To Interval Au
Hole No. Section Zone (m) (m) (m) g/t
BRT-11-15A 1890E Bazooka Main 356.58 366.05 9.47 1.03
including 358.80 360.40 1.60 4.29
including 359.64 360.40 0.76 6.27
BRT-11-16 1810E Bazooka Main 26.60 30.00 3.40 0.24
172.27 176.62 4.35 0.42
including 172.27 174.00 1.73 0.78
273.70 276.41 2.71 0.53
including 275.90 276.41 0.51 1.23
BRT-11-17 1930E Bazooka Main 83.68 85.09 1.41 0.65
94.25 96.00 1.75 1.55
including 94.25 95.00 0.75 3.02
127.00 153.00 26.00 0.23
including 137.00 138.00 1.00 2.19
BRT-11-18 2030E Bazooka Main 208.00 209.40 1.40 1.54
including 208.80 209.40 0.60 2.85
282.00 297.00 15.00 0.21
including 285.80 286.42 0.62 1.17

The intervals reported in the table above represent core lengths. The true width can be approximated as about 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.

The current phase of drilling has now been completed at Bazooka and RTM will now review the results to consider future work on its own or pursue a joint venture partner.


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. The Company will now review the results to determine further work on its own or pursue a joint venture partner.


Assaying for the Bazooka property was carried out by Laboratoire Expert of Noranda, Quebec.

The Qualified person who has reviewed and supervised the preparation of the scientific or technical information disclosed in this press release for RTM's Bazooka property and McWatters property is Mr. Robert (Bob) Laakso, P.Eng.

The Qualified person for Lake Shore Gold's 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 property and verified the data disclosed in this press release for the Meunier JV property.

Assaying for the Meunier JV property drill core samples was carried out by ALS Laboratories of North Vancouver, B.C.

The forgoing information may contain forward-looking statements relating to the future performance of the Company. Forward looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate regulatory authorities. We seek safe harbour.

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

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