RT Minerals Announces Initial Drill Hole Results From Bazooka, Quebec Property of Up to 7.86 g/t Au Over 17m Including 100 g/t Au Over 0.87m
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/21/11 -- RT Minerals Corp. (CNSX: RTM) ('RTM' / the 'Company') announces the following drill hole results from 4 of 12 holes now completed on the 100% owned Bazooka property located approximately 7km south of Noranda, Quebec.
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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The intervals reported in the table above represent core lengths with true widths presently estimated at approximately 85% to 93% of the reported core lengths. The above results are fire assays completed by Swastika Laboratories of Kirkland Lake, Ontario. In addition, assays for gold, silver and copper are pending on a further 7 holes from the current drill program.
BRT-11-01 and BRT-11-02 were drilled on the eastern side of the Bazooka Property within 100m of the boundary of Yorbeau Resources Rouyn Property which is east of and adjoins RT Minerals Bazooka Property. BRT-11-03 and BRT-11-04 were drilled about 250 meters west of the above two holes. The four holes were drilled to test the east-west striking, north dipping Main zone within the Cadillac-Larder Lake Deformation Zone. The Main zone is a 50 to 75m wide alteration zone containing quartz and carbonate quartz veining, developed within carbonated ultramafic rocks, and to a lesser extent in some of the sedimentary rocks above and below the ultramafics. These rocks are variably altered with silica, carbonate, sericite and fuschite with variable amounts of fine grained pyrite, arsenopyrite and chalcopyrite. Three of the four above drill holes intersected the entire width of the Main zone, hole BRT-11-02 began coring in the Main zone and continued through the zone, thus intersecting about 75% of the Main zone.
BRT-11-01 intersected the Main zone about 28m above historic Soquem drill hole BZ82-5 which returned 2.48 g/t Au over a core length of 6.2m and 4.97 g/t Au over a core length of 3.0m, and about 77m above historic Lake Shore Gold Corp (LSG) drill hole BA-03-02A which returned 3.62 g/t Au over a core length of 17.1m.
BRT-11-02 partially intersected the Main zone about 38m above historic Soquem drill hole BZ81-3 which returned 4.22 g/t Au over a core length of 54.0m including 63.39 g/t Au over 3.0m, and about 53m above historic LSG drill hole BA-03-01 which returned 11.73 g/t Au over a core length of 2.0m and 6.55 g/t Au over a core length of 2.34m.
BRT-11-03 intersected the Main zone about 10m below historic LSG drill hole BA-03-04 which returned 94.11 g/t Au over a core length of 1.25m. BRT-11-04 intersected the Main zone approximately 20m west of drill hole BRT-11-03.
MEUNIER JV PROPERTY, TIMMINS WEST CAMP, ONTARIO
Drilling on the Meunier JV property has now reached a core length of 2510m and is expected to hit the projected target area approx. 1200m down plunge to depth and approx. 500m on-strike from the Lake Shore Gold Corp. ('LSG')(TSX) Rusk Zone and Timmins Mine, respectively, at core lengths of approximately 3000m. These projections are not guaranteed and are based on geologic interpretations from drilling conducted by LSG at their Rusk Zone and Timmins Mine. Further directional drilling may be required at the current depth of the hole to maintain the hole on track to its intended target on the Meunier JV property, which is projected to be between 3000m to 3300m in core length.
RTM is earning a 25% net interest in the Meunier JV property with LSG having the right to acquire a 25% interest and Adventure Gold Inc. ('AGE')(TSX.V) earning a 50% interest in the Meunier property (see RT Minerals press release dated November 25, 2010).
QUALITY CONTROL
Sampling is conducted by sawing of NQ core into two equal halves with one half used for assay and the other stored in a secure facility. Routine assays are conducted using fire assay with AA and gravimetric finish is used for higher grade samples. Quality control includes routine checking by the laboratory and by the Company using standards and blanks which are inserted into the sample stream at regular intervals. The Company may also conduct local check assaying on selected samples using screen metallics and fire assay method.
QUALIFIED PERSON
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 harbor.
Contacts:
RT Minerals Corp.
Donald (Dan) M. Clark
President
(604) 681-3170
(604) 681-3552 (FAX)
info@rtmcorp.com
www.rtmcorp.com