RT Minerals Corp.
CNSX : RTM

RT Minerals Corp.

August 06, 2009 12:25 ET

RT Minerals Corp. Announces Property Acquisition Adjoining, and on Strike To, West Timmins Mining Inc. Holdings Near Timmins, Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 6, 2009) - RT Minerals Corp. (the "Company"/"RTM") (CNSX:RTM) announces that it has optioned a gold property adjoining the West Timmins Mining Inc. properties located in the western area of the Timmins gold camp.

The RT Minerals property lies within the western portion of the Timmins gold camp about 9500m on strike from the recent Lakeshore Gold Corp. ("LSG") - West Timmins Mining ("TSM") drilling, where recent significant gold mineralization has been encountered at depth by LSG and TSM.

The RTM property consists of 91 units and 6 patents. The property holds merit for the style of gold mineralization as that found at the Thunder Creek zone of LSG as well as syenite hosted gold mineralization similar to the Kirkland Lake gold camp (Resident Geologist Reports, Timmins, Ontario; October 31, 2007).

The RTM property covers approximately 6.4 km of strike length along the Destor-Porcupine Fault system which is the principal regional lineament associated with numerous gold deposits in the Timmins camp.

There are documented occurrences of gold on the property. In addition, there are historic occurrences of copper, molybdenum bearing felsic porphyritic intrusives on the property. Many of the better gold mines in the Timmins camp are associated with these types of intrusives, such as the MacIntyre Mine which produced in excess of 10 million ounces of gold.

Drill targets presently exist on the property. RTM plans to carry out a deep penetrating IP survey covering specific high priority areas of the property over the next 30 days. Thereafter, a drill program will be outlined with drilling expected to commence in the first week of September, 2009. RTM has secured a drill rig which is on standby at RTM's direction in Timmins, Ontario.

RTM may acquire a 100% interest in the Timmins gold property by paying $60,000 and issuing 500,000 common shares of RTM on signing. In addition, the company must make optional cash payments of an aggregate $970,000 and exploration expenditures of $2,100,000 over the next four years.

The Qualified Person for the Timmins property is Mr. Robert Laakso, P.Eng., and he has reviewed the contents of this release.

The above property acquisition is subject to regulatory filings and acceptance.

Shares Issued: 8,600,000

Stock Options: 1,000,000 @ $0.05

Warrants: 2,850,000 @ $0.10 to $0.15

Restricted Shares: 3,450,000

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