RT Minerals Corp. Comment on Market Activity
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2016) - RT Minerals Corp. (TSXV: RTM) (the "Company"), announces that as disclosed in the Company's news release of October 19, 2016, the Company has completed its core drilling program at its Ballard Lake gold property. As reported, the Company has sent samples of alkaline ultramafic dike to undergo petrology for classification, and has submitted 153 samples of split core for gold fire assay and 30-element ICP analysis.
At this time, the Company has not received any assay results or any petrology analysis of the alkaline dike.
Apart from the widespread dissemination of the above information since October 19, 2016, the Company has no knowledge of the reason for the current trading volume or the rise in the price of the shares.
This news release is disseminated at the request of IIROC.
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.
