Rt Minerals Corp. Acquires Rare Earth Element Mineral Prospect IN Northern Ontario, Canada
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WWW . R T M C O R P. COM
RT MINERALS CORP. ACQUIRES RARE EARTH ELEMENT MINERAL PROSPECT IN
NORTHERN ONTARIO, CANADA
Vancouver, B.C. – November 14, 2022 – RT Minerals Corp. (TSXV: RTM) (OTC Pink: RTMFF) (the
“Company” or “RTM”) is pleased to announce that it has acquired by map staking (MLAS) 52 claims
consisting of approximately 421 hectares covering an inferred carbonatite complex (the “Ireland
Complex”) located in Ireland Township, 45 km northeast of Smooth Rock Falls, Ontario.
Highlights
• The Ireland Complex is 100% owned and royalty-free.
• The Ireland Complex is positioned along a southern extensional splay fault contained within the
Kapuskasing Structural Trend , which contains several well documented carbonatite complexes
that contain niobium, iron, titanium and rare earth element resources within various assemblages
of carbonatite rocks.
• Observations from existing magnetic signatures over the Ireland Complex resemble that of the
magnetic signature which is coincident with the REE Niobec Mine in Quebec1.
• The project qualifies for the Ontario Government Critical Minerals Directive issued in 2022 to find
sources of strategic minerals in conjunction with the Ontario Junior Exploration Program for 2022.
Douglas Andrews, the Company’s President and CEO, states: “We are pleased to add a Rare Earth Element
prospect to our portfolio of properties. With the assistance of government initiatives such as the Ontario
government’s Critical Minerals Directive and the federal government’s new Critical Mineral Exploration
Tax Credit, we hope to position the Company to capitalize on the growing global demand for minerals that
are crucial to technologies such as electric vehicle batteries, smartphones and laptops.”
The Ireland Complex is approximately 4.0 km long, 2.8 km wide, is oval shaped and is positioned along a
southern extensional splay fault contained w ithin the Kapuskasing Structural Trend. The Kapuskasing
Structural Trend contains several well documented carbonatite complexes that contain niobium, iron,
titanium and rare earth element (“REE”) resources within various assemblages of carbonatite rocks (Figure
1).
2
Figure 1 – Location map of Ireland Complex
Observations from existing magnetic signatures over the Ireland Complex resemble that of the magnetic
signature which is coincident with the REE Niobec Mine (“Niobec”) in Quebec 1, which is owned and
operated by Magris Performance Materials Inc. At Niobec, the central and inner core magnetic low
signature contains the niobium and REE mineralization (Figure 2). Magnetic data covering the Ireland
Complex suggests the potential develo pment of an outer circular high magnetic, magnetite rich
pyroxenite ring. This ring transitions into an inner ring of a calcite -sovite carbonatite to a central low
magnetic signature inner core of dolomitic rauhaugite carbonatite. It is this area and locat ion that
represents an exploration target for Rare Earth Elements (REE) (Figure 2).
3
Figure 2 – Illustration of magnetic signatures of Niobec Mine in Quebec1 (top) and Ireland Complex
(bottom).
4
There is no known drilling on the Ireland Complex to date. There have been past limited geochemical
exploration programs conducted over the Ireland Complex which have indicated elevated concentrations
of the REE consisting of cerium (Ce), gadolinium (Gd), lanthanum (La), neodymium (Nd), praseodymium
(Pr), samarium (Sm), and titanium (Ti) (MNDM-Assessment file technical report 20000004588). These
specific REE and titanium suggest an association with, or the occurrence of, a carbonatite intrusive
prospective for containing REE mineralization.
The entire Ireland Complex is covered by thick glacial overburden. Future initial drilling pending financing
will start with the main focus on confirming the carbonatite complex. Drilling will include the testing of
the outer high magnetic ring for titanium, copper and iron, and testing the inner core (low magnetic
signature) for REE mineralization.
RT Minerals owns a 100% interest in the Ireland Complex and no royalties encumber the project. The
project qualifies for the Ontario Government Critical Minerals Directive issued in 2022 to find sources of
strategic minerals in conjunction with the Ontario Junior Exploration Program for 2022.
Qualified Person
The technical information contained in this news release has been reviewed and approved by Mr. Garry
Clark, P.Geo., a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for
Mineral Projects.
1The Ireland Complex and carbonatite target owned by the Company is an exploration target with no
resources or reserves and is not known to host like-mineralization as is present at Niobec. The figures
herein of the magnetic highs and lows of Niobec, and RTM’s Ireland property, are general and interpretive
comparative magnetic signatures only and do not represent the presence of REE mineralization on RTM’s
Ireland property.
2Gold mineralization on Explor Resources’ Eastford Lake property does not indicate similar mineralization
is present on the Company’s Milligan property referenced below.
All references herein to past or historic drilling, core analysis and assay results, has been carried out by
previous owners or operators. The past drill core intercepts and assay results are not known to be true
widths at this time.
About RT Minerals Corp.
RT Minerals Corp. is a junior exploration company listed on the TSX Venture Exchange under the symbol
“RTM” and has 60,044,654 common shares issued and outstanding. The Company holds an option to
acquire a 100% interest in the Link-Catharine RLDZ gold property comprised of 15 unpatented single cell
mining claims with a total area of 220 hectares in one claim block. The Link-Catharine property is located
22 km south-southeast of the town of Kirkland Lake, Ontario. The Company also owns a 100% royalty-free
interest in four drill -ready gold properties in Ontario: the Milligan, Blakelock, McQuibban and Timmins
properties.
The Milligan gold property is a 16-claim block (129 Ha) located approximately 75 km northeast of Timmins,
Ontario, that covers the southeast extension of the volcanic stratigraphy hosting the Eastford Lake gold
discovery of 142.2 g/t Au over 3.0 m announced by Explor Resources in 20092.
5
The Blakelock gold property is a 9-claim block (73 Ha) located approximately 75 km northeast of Cochrane,
Ontario that is host to a massive east-west trending magnetic high intrusive complex that was subject to
limited drilling in 1967.
The Mc Quibban gold property is a 19 -claim block (153 Ha) located approximately 50 km north of
Cochrane, Ontario that hosts a strong 3.0 km long east -west trending inferred oxide facies banded iron
formation, in which one historical drill hole encountered a gold mineralized interval of 5.47 g/t Au over
1.2m (MNDM Assessment File 20000003818, 2007).
The Timmins base metal property is a 16-claim block (129 Ha) located approximately 50 km southeast of
Timmins, Ontario that features several mineralized fault systems that suggest close proximity to a base
metal source.
For more information on the Company and its properties, please visit the Company’s website at
www.rtmcorp.com.
FOR FURTHER INFORMATION CONTACT:
Douglas J. Andrews, B.Sc., M.Sc.
President and Chief Executive Officer
Telephone: 403-200-6542
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
This news release contains certain forward -looking statements, which relate to future events or future
performance and reflect management’s current expectations and assumptions. Such forward -looking
statements reflect management’s current beliefs and are based on assumptions made by and information
currently available to the Company. Readers are cautioned that these forward -looking statements are
neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results
to differ materially from those expected including, but not limited to, market conditions, availability of
financing, actual results of the Company’s exploration and other activities, environmental risks, future
metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and
permits, and other risks in the mining industry. All the forward -looking statements made in this news
release are qualified by these cautionary s tatements and those in our continuous disclosure filings
available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof
and the Company does not assume any obligation to update or revise them to reflect new events or
circumstances save as required by applicable law.