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RT Minerals Corp. Options Link Catharine RLDZ Property Near Kirkland Lake, Ontario
Vancouver, British Columbia--(Newsfile Corp. - September 29, 2020) - RT Minerals Corp. (TSXV: ...
About this update from Rt Minerals Corp.
[{"type":"text","content":"RT Minerals Corp. Options Link Catharine RLDZ Property Near Kirkland Lake, OntarioVancouver, British Columbia--(Newsfile Corp. - September 29, 2020) - RT Minerals Corp. (TSXV: RTM) (OTC Pink: RTMFF) (the \"Company\") announces that it has entered into an option agreement (the \"Agreement\") to acquire a 100% interest in the Link Catharine RLDZ Property (the \"Property\") located near Kirkland Lake, Ontario, subject to a 2% net smelter returns (\"NSR\") royalty retained by the vendor.The Property is a gold property comprised of 15 unpatented single cell mining claims with a total area of 220 hectares in one claim block located approximately 25 km SSE of the Town of Kirkland Lake, Ontario within the Larder Lake Mining Division, Province of Ontario. Access to the Property is by vehicle on all weather and seasonal roads.Gold mineralization occurs on the Property in zones of quartz veined iron and green fuchsitic carbonate altered rocks associated with the north-south Pacaud Fault and Deformation Zone. The Pacaud Fault and Deformation Zone are approximately 400 metres wide and run North-South for 2.5 kilometres on the Property. The Property has an exploration permit which includes core drilling from at least 20 drill site locations. There are no mineral resources or mineral reserves within the Property boundaries.Exploration programs carried out on the Property since 1970 include line cutting, geophysical surveys, overburden stripping, geological mapping, channel sampling and diamond drilling. A total of forty seven diamond drill holes (totaling 6,956 metres) have been drilled on the Property by previous operators. Historical diamond drilling conducted by previous operators intersected gold mineralization with grades up to 7.07 g/t Au over 4.0 metres (Sudbury Contact Mines drilling 1993-94), 2.65 g/t Au over 33.62 metres (T. Link drilling 1999-2005), and 8.96 g/t Au over 2.0 metres (Golden Dawn Minerals drilling 2008-09) demonstrating significant gold mineralization within a favourable geologic setting related to the limited area where drilling has been completed on the Property.Geological data is summarized from the Nass Valley Gateway Ltd. NI 43-101 report by Stewart Jackson (2011) filed on Sedar (Sept. 30, 2011).Strongly altered rocks favourable for gold exist on the Property in an approximately 400 metre wide by 2.5 kilometre lon...