RT Minerals Corp.
CNSX : RTM

RT Minerals Corp.

April 04, 2011 09:02 ET

RT Minerals Updates Bazooka, Quebec and Meunier, Ontario Drilling

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 4, 2011) - RT Minerals Corp. ("RTM" / the "Company") (CNSX:RTM) announces the following drilling update on the Bazooka gold property, Quebec, and the Meunier JV gold property, Ontario.

BAZOOKA GOLD PROPERTY, QUEBEC - RTM 100% INTEREST

The Bazooka property is located approximately 7km south of the Town of Rouyn-Noranda, Quebec. The property is situated on the Cadillac Larder Lake Break ("CLLB") and is contiguous to the western boundary of Yorbeau Resources Inc. (TSX.V) where Yourbeau has announced the presence of visible gold in core from drilling on its Augmitto zone (Yourbeau press release March 31, 2011). The Augmitto zone and Yourbeau drilling is approximately 500m east of current RTM drilling on Bazooka.

RTM's drilling of the first three holes of an initial ten hole program, on the Bazooka property, are now completed. All three holes have intersected a package of strongly carbonated ultramafic and sedimentary rocks. The initial holes were drilled through the entire ultramafic package and into the footwall sedimentary rocks through the CLLB.

Observed in drill core, in all three holes within an overall envelope of between 50 to 75m wide, is quartz and carbonate quartz veining, developed within the carbonated ultramafic rocks, and to a lesser extent in some of the sediments above the ultramafics. These rocks are variably altered with silica, carbonate, sericite and fuschite with variable amounts of fine grained pyrite, arsenopyrite and chalcopyrite. Visible gold has been noted at 36m and 44m in the second hole (BRT-11-2) and visible gold has been noted at 142m in the third hole (BRT-11-3). Holes BRT-11-1 and BRT-11-2 have been collared on the same section and intersected the target area 150m apart down dip. Hole BRT-11-3 has been drilled near an historic exploration shaft approximately 245m to the west of the above two holes. Assays are pending from all three holes and drilling continues.

As part of work to identify further drill targets on the property, RTM is also carrying out surface geophysics consisting of magnetometer, VLF and IP surveys on the Bazooka property.

MEUNIER JV PROPERTY, WEST TIMMINS CAMP, ONTARIO, RTM 25% INTEREST

RTM is earning a 25 % in the Meunier JV property which is contiguous to Lake Shore Gold Corp.'s ("LSG") Timmins Mine property. The initial deep master hole is continuing on its intended target line and is now at 2189m in core length. This hole is targeting potential zones down plunge and on strike to mineralization at LSG's 100% owned Timmins Mine gold deposit where LSG announced intercepts of up to 13.55 g/t Au over 50.80m and 61.35 g/t Au over 15m (LSG-August 10, 2010 News Release) and more recently where LSG has announced drilling results relating to their Thunder Creek project, Rusk Zone, of 11.53 g/t Au over 147.30m.

QUALITY CONTROL

Mr. Robert Laakso, P.Eng., is the Independent Qualified Person who has prepared or supervised the preparation of the information that forms the basis for the scientific and technical disclosure in this news 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. The potential extensions of LSG zones onto the Meunier JV ground has yet to be tested by current drilling, and their existence on the AGE-RTM-LSG JV property has not yet been confirmed. We seek safe harbour.

Contact Information

  • RT Minerals Corp.
    Donald (Dan) M. Clark
    (604) 681-3170
    (604) 681-3552 (FAX)
    www.rtmcorp.com