RT Minerals Corp. Increases Ballard Lake Holdings to 36,155 Hectares
Vancouver, British Columbia--(Newsfile Corp. - March 2, 2017) - RT Minerals Corp. (TSXV: RTM) (the "Company") announces that it has more than doubled the size of its 100% owned Ballard Lake gold and diamond property located approximately 50 kilometres northeast of Wawa, Ontario, through new staking. At the recommendation of the Company's geologist, Kevin Kivi, P.Geo., the Company has staked an additional 1,257 units to increase the property's size to 36,155 hectares (361 km2).
Additional staking was required to cover areas of anomalous kimberlite indicator minerals in till amongst Keating Magnetic Correlation Coefficient anomalies identified by the Geological Survey of Canada when compiling regional magnetics in the area. A Keating Coefficient highlights a magnetic response that resembles a modelled kimberlite pipe.
The new claims are subject to a 2% net smelter royalty, with 1% buyback for $1,000,000, as staking is contiguous and surrounds the original property.
Kevin Kivi, P.Geo., QP for the Company's Ballard Lake property, has explored for diamonds and gold in Canada since 1983, and approves the technical content of this press release.
FOR FURTHER INFORMATION CONTACT:
Paul Antoniazzi
President and Chief Executive Officer
RT Minerals Corp.
Telephone: 604-681-3170
Fax: 604-681-3552
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Forward-looking Statements
Certain statements in this press release relating to the Company's exploration activities, project expenditures and business plans are approximate and 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 adverse market conditions, 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 may not achieve any category of resource(s). 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, equity markets 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 or future releases will lead to the identification of a deposit that can be mined economically, and further work is required to identify resources and reserves. We seek safe harbour.