- RT Minerals Corp. (RTM) discovers the surface outcrops of green carbonate and drilling update at Link-Catharine Gold Property, Kirkland Lake, Ontario
- The first phase of drill-bit exploration for 2021 consists of a contemplated seven-hole drill program
- The hole was stopped at a depth of 240m
- The project is the subject of an earn-in option agreement, as announced by RT Minerals on September 29, 2020, under which RTM may earn up to 100 per cent interest
- RT Minerals Corp. (RTM) is up 10.71 per cent and is trading at C$0.16 at 12:38 pm ET
RT Minerals Corp. (RTM) has now collared hole CA-21-03 after completing its current program's first two holes.
The first phase of drill-bit exploration for 2021 consists of a contemplated seven-hole drill program.
The drill program is testing several anomalies outlined by a 3D Distributed Array IP geophysical survey completed for RT Minerals in January 2021.
In addition to the below-drilling update, RTM is also pleased to announce that it has discovered two significant and separate surface outcrops that host the favourable mafic, ultramafic and green carbonate package with narrow quartz veining and sulphides.
Several 1kg to 4kg samples has been taken from these newly discovered outcrops.
The outcrops were discovered during drill rig mobilization and will now be entirely stripped and sampled to determine the surface dimension and potential for at-surface mineralization.
The outcrops appear to be part of the same favourable geologic package that RT Minerals is drilling to depth, as described below.
The first hole of the phase one drill program has intersected the favourable mafic, ultramafic and green carbonate-fuchsitic geologic package from 45m to 233m.
This section consists of intermittent and primarily narrow quartz veining and alteration containing mostly trace and up to 3 per cent fine pyrite, with one 2m interval containing 4 per cent to 10 per cent fine pyrite.
RT Minerals view a sub-section totalling approximately 54m located as being host to the more prospective geology and sulphide mineralization within hole CA-20-01.
The hole was stopped at a depth of 240m.
CA-21-02 has intersected the favourable ultramafic package consisting primarily of ultramafics with some intermittent green carbonate.
Approximately 55m of the 168m hole contains intermittent narrow quartz veining with less than 2 per cent of fine sulphides.
The hole was stopped at 168m in core length.
Drilling has now commenced on drillhole CA-21-03, having reached approximately 25m in total depth as of the date of this news release.
From the drill collar and throughout the first 25m, drill hole CA-21-03 has intersected the favourable ultramafic package consisting of the green carbonate-fuchsitic host.
This 25m section is associated with quartz veining and sulphides, visually akin to those observed in drill hole CA-20-01 during drilling in the fourth quarter of 2020.
Hole CA-21-03 is testing the east to west width and dip of the gold-bearing green carbonate-fuchsite previously encountered in CA-20-01.
The current drill hole, CA-21-03, will also drill in proximity through the three en-echelon gold sections announced December 1, 2020, by RT Minerals to ascertain the potential to connect these sections at depth.
The project is the subject of an earn-in option agreement, as announced by RT Minerals on September 29, 2020, under which RTM may earn up to 100 per cent interest, subject to a 2 per cent NSR.
RT Minerals Corp. is a junior exploration company listed on the TSX Venture Exchange under the symbol "RTM."
RT Minerals Corp. (RTM) is up 10.71 per cent and is trading at C$0.16 at 12:38 pm ET.