RT MINERALS CORP. (TSX.V: RTM) is a junior resource company engaged in the acquisition, exploration and evaluation of gold and base metal mineral properties in Canada. The Company was incorporated on March 9, 2007 under the Business Corporations Act of British Columbia and is a reporting issuer in British Columbia, Alberta and Ontario. The Company's common shares were approved for listing on the TSX Venture Exchange ("TSXV") and commenced trading on August 5, 2011 under the symbol "RTM". The Company holds interests in the following mineral resource properties in Canada: Golden Stock Gold Property - gold property located in the Cairo Township, Matachewan, several kilometres north east of the Young-Davidson gold mine in northern Ontario, in which the Company owns a 100% interest, subject to a 2% net smelter royalty in favour of the vendor. Ballard Lake Property - gold property located located approximately 50 km northeast of Wawa, Ontario, in which the Company owns a 100% interest, subject to a 2% net smelter royalty in favour of the vendor. CORPORATE UPDATE On May 16, 2016, the Company closed a private placement of 4,500,000 flow-through units (the “FT Units”) and 4,000,000 non flow-through units (the “NFT” Units) for total gross proceeds of $425,000 (the “Offering”). Each FT Unit and NFT Unit is priced at $0.05 and is comprised of a share and a warrant exercisable at $0.05 for a term of five years. The Offering was oversubscribed by 500,000 FT Units. Insiders purchased 425,000 FT Units and 325,000 NFT Units. All securities issued in the private placement are subject to a hold period expiring September 17, 2016. A 1% commission will be paid to a registered representative on $160,500 of the offering. The proceeds from the sale of the FT Units will be used for exploration activity on the Company’s 100% owned, subject to retained royalty, Ballard Lake gold property, located in the Echum and Dolson Townships in the Sault Ste Marie Mining Division, Ontario. The proceeds from the sale of the NFT Units will be used for general working capital.
RT Minerals to begin phase 1 Ballard Lake exploration 2016-06-01 17:43 ET - News Release Mr. Paul Antoniazzi reports RT MINERALS CORP. ANNOUNCES GROUND EXPLORATION PROGRAM RT Minerals Corp. is set to commence a phase 1 ground exploration program in the next few days on the company's 100-per-cent-owned, subject to a retained royalty, Ballard Lake gold property, situated approximately 51 kilometres northwest of Wawa, Ont., in the Echum and Dolson townships. Work will include a stripping and sampling program of historical trenches, where grab samples have assayed as high as 120 grams per tonne gold and 387 gpt silver (SSM Mines office file No. 1696). The exploration model for the project is that of a quartz-carbonate vein system associated with brittle ductile shear zones and folds in deformed and altered mafic volcanic. Good examples of these types of deposits are the Renabie, Nudulama and Braminco mines (past producers) located 20 kilometres northeast of Ballard Lake. Consultation is under way with first nations. The company will announce a drill program on the property upon approval of a filed permit with the Ministry of Mines and first nations. The company closed a unit private placement on May 16, 2016, to raise gross proceeds of $425,000, of which $225,000 consists of flow-through funds to be spent on exploration programs on the Ballard Lake property. The company also anticipates receiving one million common shares of Opawica Explorations Inc. in connection with the company's sale of the Bazooka and McWatters properties to a third party in October, 2015, that subsequently entered into an agreement dated Feb. 25, 2016, to sell these properties to Opawica in a property transaction that is expected to close this month. The receipt of these shares is subject to closing of the property transaction by Opawica, and the shares will be restricted from trading for four months. Opawica is related to the company by virtue of common directors. In addition to the Ballard Lake property, the company also holds a 100-per-cent interest, subject to retained royalty, in the Golden Stock gold property in Cairo township, Ontario, located several kilometres northeast of the Young Davidson gold mine. © 2016 Canjex Publishing Ltd. All rights reserved.
RT Minerals stakes Lac Mica property claims 2016-06-17 12:00 ET - News Release Mr. Paul Antoniazzi reports RT MINERALS CORP. STAKES LAC MICA PROPERTY CLAIMS RT Minerals Corp. has staked 19 claims in the Saint-Michel-des-Saints area, located approximately 130 kilometres north of Montreal, Que., as a potential lithium property. This property, named Lac Mica, is accessible by car. The target rock on the Lac Mica property is a pegmatite rich in mica. A past-producing mica mine was formerly located on the site. The mineralization described within Quebec government files is niobium, thorium, rare earths, biotite, muscovite and lepidolite, which are minerals indicative of the presence of lithium. The technical information in this news release was prepared by Yvan Bussieres, PEng, a qualified person under National Instrument 43-101 for RT Minerals. In addition to the Lac Mica property, the company holds 100-per-cent interest, subject to retained royalties, in the Ballard Lake gold property, situated approximately 51 kilometres northwest of Wawa, Ont., in the Echum and Dolson townships, and the Golden Stock gold property in Cairo township, Ont., located several kilometres northeast of the Young Davidson gold mine. © 2016 Canjex Publishing Ltd. All rights reserved.
Something is up. I know they were in some big discussions this weekend and early this week with some big wigs. The volume today indicates to me that things are progressing well. Sampling is also on going at the Ballard Lake property so..... Biggest volume day in a month See you on the tape! CdnxTracker
RT Minerals to begin drilling at Ballard Lake Sept. 19 2016-09-12 15:51 ET - News Release RTM.v RTMFF Otc:bb Mr. Paul Antoniazzi reports RT MINERALS CORP. COMMENCES DRILL PROGRAM ON BALLARD LAKE PROPERTY RT Minerals Corp.'s proposed drill program at its Ballard Lake property near Wawa, Ont., which was announced on July 18, 2016, will now commence the week of Sept. 19, 2016. Pursuant to the company's press release of July 18, 2016, whereby sampling of six trenches returned gold values ranging between anomalous gold to up to 7.48 grams per tonne gold from chip sampling, the company has established initial drill targets in the area of three of the six trenches sampled in June, 2016. The drill program will consist of at least three holes of up to 150 metres in core length each in the area where higher-grade gold mineralization was demonstrated from the June, 2016, trenching program. We seek Safe Harbor. © 2016 Canjex Publishing Ltd. All rights reserved.
RT Minerals to acquire Norwalk, Dill River properties TSX V: RTM OTC:bb RTMFF 2016-09-27 15:06 ET - News Release Mr. Paul Antoniazzi reports RT MINERALS CORP. OPTIONS NORWALK AND DILL RIVER GOLD PROPERTIES, ONTARIO AND DRILLING UPDATE ON BALLARD LAKE PROPERTY RT Minerals Corp. has entered into option agreements to acquire a 100-per-cent interest, subject to 2-per-cent return royalty, in the 29-claim-unit Norwalk gold property and the 39-claim-unit Dill River gold property, located several kilometers south and southeast of the town of Wawa, Ont. The company is further pleased to announce that it has secured the advisory and field services of Mike Tremblay, who is the property vendor for the Norwalk, Dill River and the company's 100-per-cent-owned Ballard Lake gold properties. Mr. Tremblay won the 2013 Ontario prospector of the year award for his involvement in the discovery of the eight-million-plus-ounce Borden Lake gold deposit (now controlled by Goldcorp) located about 50 kilometres east of the company's properties. Pursuant to the company's news release of Sept. 12, 2016, drilling is continuing at the company's Ballard Lake property in Ontario. The first hole of the program is undergoing testing for mineralization approximately 50 metres to 75 metres beneath gold-bearing surface trenches, as well as testing a coincident geophysical target. Norwalk gold property The company may earn its 100-per-cent interest in the Norwalk gold property by paying an initial consideration of $5,000 and 200,000 common shares of the company upon receipt of TSX Venture Exchange approval of the agreement, and making additional optional payments of $15,000 and 100,000 common shares on the first anniversary of the acceptance date, $25,000 and 100,000 common shares on the second anniversary of the acceptance date, and $45,000 and 100,000 common shares on the third anniversary of the acceptance date. The Norwalk property is accessible year round by road and is situated immediately south of Red Pine Exploration Inc.'s Surluga property and mineral resource (National Instrument 43-101 inferred mineral resource of approximately 1.1 million ounces gold). The property displays similar geology, mineralization and alteration as the Surluga property to the north. Historical records indicate that the property hosts several gold showings from small-scale past workings at surface and underground. There are three known gold occurrences and/or gold-bearing veins on the property. There are two exploration shafts on the property ranging from 40 metres to 66 metres in depth along with exploration headings of 15 metres in length on one of the 1.5-metre-wide veins. High-grade gold mineralization from past work (early 1900s) has been reported from the various gold occurrences contained within narrow quartz veins (25 centimetres wide) with disseminated pyrite (MDI file). The surrounding intermediate metavolcanic rocks are strongly carbonatized and are known in some locations to contain lower-grade gold mineralization along with the higher-grade quartz veins contained therein. Dill River gold property The company may earn its 100-per-cent interest in the Dill River gold property by paying an initial consideration of $3,000 and 200,000 common shares of the company upon receipt of TSX-V approval of the agreement, and making additional optional payments of $10,000 and 100,000 common shares on the first anniversary of TSX-V approval, $17,000 and 100,000 common shares on the second anniversary date, and $20,000 and 100,000 common shares on the third anniversary of TSX-V approval. The Dill River gold property is contiguous to the eastern boundary of Red Pine's Surluga property and generally covers the same local geology as the Norwalk and Surluga properties. The acquisitions of the Norwalk and Dill River properties are subject to TSX-V acceptance. Yvan Bussieres, PEng, is the qualified person who has prepared or supervised the preparation of the information that forms the basis for the scientific and technical disclosure in this news release. We seek Safe Harbor.
I hope you all picked up some $RTM this week. I have been pounding the table on this since $0.06cts the last 2 weeks. The stock has traded nearly 7 million shares since last Monday. Most of the PP sellers are probably now out of the way. The company is drilling the Ballard Lake property. Just recently picked up a past producing lithium property in Quebec. And if you check the company web site you can see that they have also applied for a drilling permit on the newly acquired Norwalk property. These guys have many pokers in the fire. Not just a one trick pony. Should be an interesting few weeks for sure. I expect the first drill hole to be completed this weekend and the second probably started next week. Check out the web site for properties and the locations This is way undervalued and the risk\reward is still minimal given that we are trading at just a $1million market cap. http://www.rtmcorp.com/ See you on the tape! CdnxTracker Follow me on Twitter @CdnxTracker
Let's not forget that they are also between RPX.v now. Speculation alone in the next 2-3weeks should take this back to the 52week highs. It won't take much more buying after what we saw today. The company only has 13 million outstanding shares. They have traded nearly 11 million shares in the last 2 weeks so drilling is getting people interested in this cheapie. At just $1.3million in market cap. with the $0.10ct close today we could be instore for a huge move in the coming days and weeks. I added today as well See you on the tape! CdnxTracker Follow me on Twitter @CdnxTracker
RT Minerals finishes drill program at Ballard Lake 2016-10-19 06:30 ET - News Release Mr. Paul Antoniazzi reports RT MINERALS CORP. UPDATES BALLARD LAKE DRILLING AND APPOINTS KEVIN KIVI, P.GEO. AS QUALIFIED PERSON RT Minerals Corp. has completed its core drilling program at Ballard Lake. The company completed three NQ core holes that totalled 435 metres. 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 is accredited by the 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 Kevin Kivi, PGeo, as qualified person 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. Mr. Kivi 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. Kivi reviewed Ballard Lake drill core, quality assurance/quality control sampling and chain-of-custody protocols, and approves the technical content of this press release. We seek Safe Harbor. © 2016 Canjex Publishing Ltd. All rights reserved.
