RT Minerals (TSX VENTURE: RTM) Announces Drill Results and Property Updates
16 September 2011 - 11:30PM
Marketwired
RT Minerals Corp. (CNSX: RTM)(TSX VENTURE: RTM) (the "Company" /
"RTM") announces an update on the deep hole on the Meunier property
drilling down plunge from Lake Shore Gold Corp.'s (TSX: LSG)
Timmins Mine and Rusk zone, West Timmins gold camp, Ontario. In
addition, RTM announces assay results for seven holes from RTM's
100% owned Bazooka gold property, located approximately 7km south
of Noranda, Quebec. The first four holes (BRT-11-01 to 04) of the
current 14 hole program at Bazooka were previously announced on
June 21, 2011 and remain as stated following full metallics
analysis.
Assay Results Received For RT Minerals 2011 Drilling - Bazooka Property
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From To Interval Au
Hole No. Section Zone (m) (m) (m) g/t
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BRT-11-01 2225E Bazooka Main 174.33 176.07 1.74 5.11
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Including 174.33 175.00 0.67 7.92
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227.50 255.00 27.50 0.68
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Including 234.88 235.30 0.42 12.48
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And 250.00 253.70 3.70 2.04
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Including 252.82 253.70 0.88 7.49
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BRT-11-02 2225E Bazooka Main 35.60 42.85 7.25 1.01
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Including 36.30 37.00 0.70 1.58
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And 38.45 39.40 0.95 2.54
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And 40.85 42.20 1.35 2.04
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56.00 57.54 1.54 1.81
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71.50 72.50 1.00 2.26
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BRT-11-03 1980E Bazooka Main 138.00 145.92 7.92 1.20
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Including 142.28 144.95 2.67 2.04
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Including 143.15 144.09 0.94 3.14
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BRT-11-04 1978E Bazooka Main 119.00 136.00 17.00 7.86
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Including 124.80 132.00 7.20 16.77
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Including 125.13 126.00 0.87 100.48
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And 130.10 130.73 0.63 35.16
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BRT-11-05 2195E Bazooka Main 122.04 123.90 1.86 29.43
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Including 122.04 122.75 0.71 76.64
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Including 122.26 122.75 0.49 110.24
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167.38 169.00 1.62 1.18
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187.33 192.00 4.67 0.80
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BRT-11-06 2170E Bazooka Main 73.80 74.35 0.55 3.53
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125.48 126.36 0.88 1.88
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130.83 133.47 2.64 6.12
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Including 130.83 131.60 0.77 17.76
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156.50 157.50 1.00 2.42
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170.00 177.00 7.00 0.86
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Including 173.50 174.00 0.50 5.91
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BRT-11-07 2000E Bazooka Main NSV
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BRT-11-08 1980E Bazooka Main 106.62 107.33 0.71 5.62
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121.80 130.68 8.88 4.67
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Including 121.80 125.00 3.20 12.49
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Including 121.80 122.54 0.74 12.38
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And 124.34 125.00 0.66 43.78
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BRT-11-09 2000E Bazooka Main 154.20 154.85 0.65 0.93
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159.98 161.00 1.02 2.09
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167.00 168.00 1.00 4.18
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170.00 171.00 1.00 2.09
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BRT-11-10 1234E Bazooka Main 263.00 265.00 2.00 0.42
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BRT-11-11 1865E Bazooka Main 146.65 155.40 8.75 0.77
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153.50 155.40 1.90 1.57
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Including 154.20 154.80 0.60 3.05
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177.95 180.00 2.05 13.97
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Including 177.95 178.19 0.24 117.42
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The intervals reported in the table above represent core lengths. The true
width is presently approximated at about 85 to 95% of core lengths based on
the dip of the rock formations and mineralized corridor. It is possible that
the widths could be somewhat different due to the structural complexity
(folding and shearing) in the Cadillac-Larder Lake Deformation Zone.
The above drill hole results are fire assays completed by
Swastika Laboratories of Kirkland Lake, Ontario as to holes
BRT-11-01 to 06. Holes BRT-11-07 to 11 are fire assays completed by
Laboratoire Expert of Noranda, Quebec.
The Bazooka property lies 7 km south of Rouyn-Noranda, Quebec in
Beauchastel Twp. The Cadillac-Larder Break strikes across the
Bazooka property which is also adjacent to and on strike from the
Augmitto, Cinderella and Astoria gold deposits controlled by
Yourbeau Resources Inc. (TSX.V). The main focus of drilling has
been in the east central part of the property in close proximity to
a major flexure of the Cadillac deformation zone and near past
development on mineralization from underground by previous
operators.
Between 2003-2005 Lake Shore Gold Corp. (TSX: LSG) conducted
10,804 meters of drilling on the Bazooka property yielding numerous
significant intersections including 2.0m of 11.7 g/t, 1.0m of 316.2
g/t, 2.3m of 10.8 g/t, 3.0m of 5.0 g/t and 1.3m of 94.1 g/t Au.
This drilling increased the known strike length of the zone from
250m to 560m and the zone remains open to the west and to depth on
the RTM property. The above RTM drilling outlined in the above
table has further confirmed this mineralized trend.
The mineralization at the Bazooka property is greenstone-hosted
quartz-carbonate vein lode mineralization. The Main Zone at Bazooka
hosts gold bearing quartz-carbonate veins in a carbonate-talc
chlorite schist unit along the Cadillac-Larder Lake Fault ("CLLF").
The CLLF is characterized by a 2 to 3m wide, strong graphitic fault
at the base widening up to 60m of talc-chlorite and
quartz-carbonate-sericite altered schist. The best gold
mineralization occurs within the 20 to 60m wide
alteration/deformation zones and are confined to a 2 to 10m wide,
strongly silicified-carbonatized rock with grey or brownish quartz
veins. The entire zone is commonly anomalous in gold over a 52m
width. Mineralization occurs in both sedimentary and ultramafic
units. Gold mineralization is associated with arsenopyrite,
chalcopyrite, pyrite and visible gold.
MCWATTERS GOLD PROPERTY, QUEBEC
RTM also owns 100% of the McWatters gold property located about
10km east of Bazooka and adjacent to holdings of Yourbeau Resources
Inc., Gold Bullion Development Corporation Inc. (TSX.V) and
ThreeGold Resources Inc. (TSX.V). RTM has now completed
linecutting, a magnetometer survey and a surface soil sampling
program with results pending. In addition, trenching at McWatters
has commenced and is ongoing on the historic Lac Bruyere gold
showing.
MEUNIER JV OPTION, DEEP DRILLING, WEST TIMMINS, ONTARIO
The current initial deep drill hole on the Meunier JV property
is ongoing and when completed is estimated to provide a deep cut on
the projected target area at an approximate vertical depth of
2400m. This will enable a series of shallower wedge cuts to obtain
further details on shape and extent of major geological structures
as well as potential mineralization. The initial deep hole was
collared on LSG's Timmins Mine property in August 2010 and is now
about 2600m in core length and with recent wedging appears to be on
track to potentially hit the intended target by late October
2011.
This hole is targeting potential zones down plunge and on strike
to mineralization at LSG's 100% owned Timmins Mine gold deposit
where LSG has previously 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 where LSG has announced further drilling results
relating to their Thunder Creek project, Rusk Zone, of up to 75.14
g/t Au over 18.60m (LSG - March 4, 2011 news release).
The Timmins Mine deposit straddles a
volcanic/sedimentary/ultramafic contact zone, within a folded
sequence that plunges about 54 degrees to the west-northwest
towards the RTM - Adventure Gold Inc. (TSX.V) Meunier JV Property
in which RTM has now earned a 12.5% interest (LSG 12.5%) and RTM
may earn up to a 25% interest and LSG may earn a 25% interest. LSG
may also earn a further 7.5% in the Meunier JV Property by carrying
out an Economic Assessment Study on the property within the next 10
years. In addition, LSG currently owns 27.2% of the current issued
and outstanding share capital of RTM.
LSG's Timmins Mine ore body has demonstrated vertical
persistence as it can be traced down-plunge for a distance of
approximately 1500m from surface, and remains open at depth. Newly
emerging and significant fold structures and complexities are now
becoming apparent on the deepest sections of the Timmins Mine from
LSG drilling. Overall, the gross geometry of the structure has
remained consistent from surface to a 1300m vertical depth and it
is apparent that this geometry and structure continues to depth
toward and potentially onto the Meunier JV Property.
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. More information about risks and
uncertainties affecting the Company and its business is available
in Lake Shore Gold's most recent Annual Information Form and other
regulatory filings which are posted on SEDAR at www.sedar.com.
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 and reserves. The maps attached hereto are location
summary maps and as a result of electronic reproduction may not be
exactly to scale. The Meunier JV map, Timmins, Ontario, outlines
projected or conceptual zones potentially extending from known gold
zones on LSG properties. These 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.
Contacts: RT Minerals Corp. Donald (Dan) M. Clark (604) 681-3170
(604) 681-3552 (FAX) info@rtmcorp.com www.rtmcorp.com
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