RT Minerals Corp. Updates Ballard Lake Drilling and Appoints Kevin Kivi, P.Geo. as Qualified Person
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2016) - RT Minerals Corp. (TSXV: RTM) (the "Company") announces completion of its core drilling program at Ballard Lake. The Company completed three NQ core holes that totaled 435m.
The first two holes intersected mineralization and alteration similar to gold-bearing structures mapped on surface. The Ballard Shear Zone gold target includes an alteration halo with coarse pyrite and quartz tourmaline veins in mafic schist, pillow basalt and gabbro host rocks. Several alkaline ultramafic dikes cut the Ballard Shear zone in core and on surface, and will undergo petrology for classification. The third core hole intersected Ballard Lake Stock and failed to intersect significant alteration or mineralization.
The Company collected 153 samples of split core that were submitted to Swastika Laboratories Ltd. for Gold fire assay and 30-element ICP analysis. Swastika Laboratories Ltd. is accredited by Canadian Association for Laboratory Accreditation Inc. (CALA) and meets the requirements of ISO/IEC 17025:2005 for Gold by Fire Assay.
The Company is pleased to appoint Mr. Kevin Kivi, P.Geo. as Qualified Person ("QP") for the Ballard Lake Project. Mr. Kivi has 33 years of mineral exploration experience in search of diamonds, base and precious metals worldwide. He worked on Rio Tinto's Canadian diamond team at Lac de Gras from 1993 until the Diavik discovery, and then built and managed the company's diamond laboratory in Thunder Bay. Kevin became a consultant in 2004 exploring for diamonds, base and precious metals for major, junior, and private companies. Mr. Kivi is President of KIVI Geoscience Inc. and Orebot Inc.
Mr. Kevin Kivi, P.Geo. reviewed Ballard Lake drill core, QA/QC sampling and Chain of Custody protocols 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.
