RT Minerals Purchases Golden Reed Mine Property

Feb 2, 2018 @ 09:34

 

RT Minerals Corp. announces that pursuant to its news release dated October 25, 2017, the Company has exercised its option to acquire 100% interest in the Golden Reed Mine property located near Wawa, Ontario for consideration of a final option payment of 1,000,000 common shares of the Company which are subject to a four-month hold period expiring June 1, 2018. The Vendor retains a 2% net smelter royalty of which 1% can be purchased at any time for $1,000,000.

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 principal mineral properties include the 100% optioned Norwalk and Dill River gold properties that are respectively contiguous to the southern and eastern borders of Red Pine Exploration Inc.’s Wawa Gold Project near Wawa, Ontario; the 100% owned Golden Reed Mine gold property that is staked within Red Pine’s Wawa Gold Project; the 100% owned Ballard Lake diamond and gold property located ~50 km ENE of Wawa, Ontario; and the 100% owned Dog Lake gold property located ~59 km NE of Wawa, Ontario.

 

  1. Ballard Lake Property – Diamond and gold property located approximately 50 kilometres northeast of Wawa, Ontario, in which the Company owns a 100% interest, subject to a 2% net smelter royalty.
  2. Norwalk Property – Gold property located approximately 6 kilometres south of Wawa, Ontario, in which the Company has an option to earn a 100% interest, subject to a 2% net smelter royalty.
  3. Dill River Property – Gold property located several kilometres southeast of Wawa, Ontario, in which the Company has an option to earn a 100% interest, subject to a 2% net smelter royalty. The property is contiguous to the eastern border of Red Pine Exploration Inc.’s Surluga property.
  4. Golden Reed Mine Property – Gold property located 6 kilometres southeast of Wawa, Ontario, in which the Company owns a 100% interest, subject to a 2% net smelter royalty. The property is staked within Red Pine’s Wawa Gold Project.
  5. Dog Lake Property – Gold property located 59 kilometres northeast of Wawa, Ontario, in which the Company owns a 100% interest, subject to a 2% net smelter royalty.
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