RT Minerals Corp. Announces Acquisition of Dog Lake Gold Property, Wawa, Ontario
Vancouver, British Columbia--(Newsfile Corp. - June 13, 2017) - RT Minerals Corp. (TSXV: RTM) (OTC: RTMFF) (the "Company") announces that it has entered into a purchase and sale agreement to acquire a 100% interest, subject to a 2% net smelter royalty, in the Dog Lake Gold Property (the "Property") located approximately 59 km northeast of Wawa, Ontario, for consideration of $10,000 and 1,500,000 common shares of the Company.
The Dog Lake property consists of 75 units in 9 claims for a total area of approximately 1,112 hectares. The Property is located 20 km east of Island Gold Mine and 3 km west of Missanabie.
The Vendor of the Property is Michael Tremblay, Field Consultant to the Company and the 2013 Ontario Prospector of the Year.
This transaction is subject to the acceptance of the TSX Venture Exchange.
ABOUT RT MINERALS CORP.
RT Minerals Corp. is a junior resource company engaged in the acquisition, exploration and evaluation of primarily gold and diamond properties in Canada. The Company's common shares are listed on the TSX Venture Exchange under the symbol "RTM" (OTC Pink Sheets "RTMFF"). The Company's principal mineral properties in Canada include the 100% owned Ballard Lake diamond and gold property; the 100% optioned Norwalk gold property; and the 100% optioned Dill River gold property, all located near Wawa, Ontario.
For more information on the Company and its properties, please visit the Company's website at www.rtmcorp.com.
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.
