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.