Business
RT Minerals Corp. Increases Ballard Lake Holdings to 36,155 Hectares
Vancouver, British Columbia--(Newsfile Corp. - March 2, 2017) - RT Minerals Corp. (TSXV: RTM) ...
About this update from Rt Minerals Corp.
[{"type":"text","content":"\nRT Minerals Corp. Increases Ballard Lake Holdings to 36,155 HectaresVancouver, 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 AntoniazziPresident and Chief Executive OfficerRT Minerals Corp.Telephone: 604-681-3170Fax: 604-681-3552Neither 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 StatementsCertain 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 ...