RT Minerals Corp. announces gold assay results at Kirkland Lake, ON property

The junior Canadian resources company RT Minerals Corp. announced on November 11, 2020, that it had intersected several layers of gold mineralization at its property 25 km south-southeast of Kirkland Lake, Ontario, Canada. The Kirkland Lake property includes 15 mining claims adding up to 220 hectares.

RT Minerals announced in October this year that it had drilled seven holes at its Link Catharine RLDZ property. Results from the first drilled hole reveal several layers of gold concentrations. From 31.9 metres (m) to 65 metres of depth, assay test results showed 2.81 grams of gold per tonne (Au g/t). From 36.85 to 62 m of depth, results showed 3.54 Au g/t. From 47 m to 55 m deep of depth, results showed 9.43 Au g/t. The company will perform additional drilling to determine just how wide the mineralization zones revealed by the first assayed core actually are. RT Minerals has not yet released assay results for the other six holes announced in October 2020. 

RT Minerals has an option to acquire a 100% interest in the Link Catharine RLDZ property by paying a total of $200,000 in cash, issuing common shares, and incurring specified work expenditures over a five-year period. On September 29, 2020. The company’s acquisition of the option over the Kirkland Lake, Ontario property was announced

RT Minerals Corp. is listed on the TSXV Exchange under the stock symbol RTM. As of November 16, 2020, RT Minerals has an estimated market capitalization of $6,889,307. Over the past year, RT Mineral Corp’s stock price has landed between $0.015 and $0.285. That 52-week high was reached on the November 11, 2020 date of the company’s press release announcing its findings at its Kirkland Lake, Ontario, project. Since that date, RT Minerals Corp.’s share price has settled at $0.175 as of November 16, 2020. RT Minerals has a second 445-hectare property in Wawa, Ontario, Canada.

Recent Articles

Why Is This Billion-Dollar Cannabis Magnate Suddenly Interested In This Obscure Software Company?

Vision and brain biohacking -- An unlikely landing place for a former Cannabis tycoon, don’t you think? It’s exactly why today’s highlighted stock has completely...

Why This Small “Vision Biohacking” & AI Stock Could Have Big Upside in 2021

Breakthrough high-performance vision tech has ignited the pro sports world and is rapidly being adopted across multiple global industries — potential upside for investors...

Is Tesla a Buy Before S&P 500 Inclusion

After getting a boot a few months ago, Tesla is ready to grace the S&P 500 Index on December 21. Tesla shares have risen 24...

Is It a Good Idea to Wait for Airbnb to Go Public?

Airbnb is ready to go public this December. The company is expected to get listed on the Nasdaq under the ABNB symbol, led by...

Warren Buffett Invests in a New Secret Stock

Warren Buffett has invested in a new stock but he doesn’t seem to be ready to reveal the name yet. Berkshire Hathaway's 13F filing for...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox