Tax Season is Here! Save 15% on H&R Block Online
iconAll times are GMT -4. The time now is 03:02 PM. | Search:

» StockRants Stock Forum » Public Stock Forums » Canadian Stock Picks » Strong Buy: RTM.V - RT Minerals Corp.



Reply
 
Thread Tools Search this Thread
Old 07-07-2020, 02:51 PM   Nav to Top  #1
JonnyR512
Senior Trader
 
JonnyR512's Avatar
 
Join Date: Jul 2009
Location: N/A
Posts: 1,465
Favorites: NDR, MTH, AXM,
Rep Power: 199
Reputation: 168
JonnyR512 has a spectacular aura aboutJonnyR512 has a spectacular aura about
Default RTM.V - RT Minerals Corp.

This is a new gold exploration company that is literally bordering an already successful gold company (RPX.V - Red Pine Exploration). The big difference is that RPX has 28 times the market cap and is still just an exploration company with no 43-101, yet they've had tremendous success in drilling.

The CEO recently purchased $100,000 worth of stock, giving him the largest position in the company at 19.88%. Then shortly after, RT Minerals acquired the Norwalk property which already shows positive indications that gold mineralization is also on RTM's property. Options were recently issued which could mean that there is a plan in place to push the price up and exercise all these options to fund a summer drill program.

Below is prior news releases and information the company:

Symbol - RTM.V (Canada) & RTMFF (USA)
Common Shares - 17 million
Price - $0.07

Property information: 400 Bad Request


RT Minerals 4,501,000-share private placement

2019-12-31 17:21 MT - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 8, 2019. This private placement has been accepted pursuant to the notice to issuers dated April 7, 2014.

Number of shares: 4,501,000 shares
Purchase price: three cents per share
Warrants: 2,250,500 share purchase warrants to purchase 2,250,500 shares
Warrant exercise price: five cents for a one-year period
Number of placees: five placees
Insider: Donald Clark, 2,907,300



RT Minerals closes Norwalk property acquisition

2020-04-02 19:40 MT - News Release

Mr. Donald Clark reports

RT MINERALS CORP. COMPLETES ACQUISITION OF 100% INTEREST IN NORWALK GOLD PROPERTY, WAWA, ONTARIO

RT Minerals Corp. has completed the acquisition of a 100-per-cent interest, subject to a 2-per-cent net smelter return royalty, in the Norwalk gold property, located approximately six kilometres south of Wawa, Ont. The option was exercised with a final property option payment of $22,500 made on March 31, 2020, as outlined in the company's news releases dated Oct. 3, 2019, and Oct. 8, 2019.

The Norwalk property is contiguous to the south boundary of the Wawa gold project, held by Red Pine Exploration Inc. The property is composed of three unpatented mineral claims consisting of 29 units with a total area of 445 hectares. Several mineralized zones occur on the property, including the Norwalk gold mine (Au), the Fred C shaft (Au), the Gananoque vein (Au), the Barton occurrence (Au and iron) and the Red Quartz carbonate zone (RQCZ) discovered by 2017 and 2018 drilling by the company. The results of this RQCZ drilling are summarized in the company's March 2, 2018, news release. There are no mineral resources or mineral reserves within the property boundaries.

RT Minerals grants options to buy 800,000 shares

2020-07-03 14:53 MT - News Release

Mr. Donald Clark reports

RT MINERALS CORP. GRANTS STOCK OPTIONS

RT Minerals Corp. has granted 800,000 incentive stock options to directors and consultants of the company that are exercisable at six cents per common share over a two-year term, in accordance with the company's stock option plan. The stock options are subject to the acceptance of the TSX Venture Exchange.

We seek Safe Harbor.

Market Depth For RTM.V:

1 / 13,000 0.06 --- 0.07 68,000 / 3
2 / 54,000 0.055 --- 0.075 10,000 / 1
0 / 49,000 0.05 --- 0.08 20,000 / 1
2 / 40,000 0.045 --- 0.085 40,000 / 2
5 / 159,000 0.04 --- 0.09 50,000 / 1
1 / 150,000 0.035 --- 0.125 35,000 / 1
2 / 120,000 0.03 --- 0.21 3,000 / 1
0 / 111,000 0.025 --- 0.235 7,000 / 1
0 / 15,000 0.015 --- 0.24 19,000 / 3
1 / 100,000 0.01 --- 0.27 2,000 / 1
JonnyR512 is online now   Rate this post Yes | No Reply With Quote
Old 07-07-2020, 03:18 PM   Nav to Top  #2
JonnyR512
Senior Trader
 
JonnyR512's Avatar
 
Join Date: Jul 2009
Location: N/A
Posts: 1,465
Favorites: NDR, MTH, AXM,
Rep Power: 199
Reputation: 168
JonnyR512 has a spectacular aura aboutJonnyR512 has a spectacular aura about
Thread Starter
Default

For more potential on the area, have a look at RPX's 43-101 data. You can clearly see that this is a high grade gold area and it's very close to the town of Wawa

https://redpineexp.com/projects/wawa-gold-project/
JonnyR512 is online now   Rate this post Yes | No Reply With Quote
Old 07-09-2020, 05:08 PM   Nav to Top  #3
JonnyR512
Senior Trader
 
JonnyR512's Avatar
 
Join Date: Jul 2009
Location: N/A
Posts: 1,465
Favorites: NDR, MTH, AXM,
Rep Power: 199
Reputation: 168
JonnyR512 has a spectacular aura aboutJonnyR512 has a spectacular aura about
Thread Starter
Default

Below are two links, one to RTM's new map and the other to RPX's new company presentation. If you compare the sampling already done on RTM's Norwalk claim to what RPX has drilled/sampled, you'll see that the gold trend for sure continues:

400 Bad Request

https://redpineexp.com/wp-content/up...PXJune2020.pdf
JonnyR512 is online now   Rate this post Yes | No Reply With Quote
Old 07-09-2020, 07:03 PM   Nav to Top  #4
JonnyR512
Senior Trader
 
JonnyR512's Avatar
 
Join Date: Jul 2009
Location: N/A
Posts: 1,465
Favorites: NDR, MTH, AXM,
Rep Power: 199
Reputation: 168
JonnyR512 has a spectacular aura aboutJonnyR512 has a spectacular aura about
Thread Starter
Default

The signs are clear, Donald Clark purchased 3 million shares in December for $90k, then he also lent RTM $22.5K to finish the Norwalk property acquisition in March. That shows he's eager to see this project move forward. So my guess is they'll either push the price and exercise all the warrants, or find a JV partner, maybe a bit of both.

From the MD&A

On March 30, 2020, the Company received a loan of $22,500 from a director that bears interest at 10% per annum, is payable on demand after April 30, 2020 and may be secured by a lien placed against the RT MINERALS CORP. INTERIM MD&A – QUARTERLY HIGHLIGHTS FOR THE THREE MONTHS ENDED FEBRUARY 29, 2020 PAGE 7 Company’s Norwalk property in the event of default. The loan was used to make the final property option payment to acquire a 100% interest in the Norwalk property
JonnyR512 is online now   Rate this post Yes | No Reply With Quote
Old 07-15-2020, 04:11 PM   Nav to Top  #5
JonnyR512
Senior Trader
 
JonnyR512's Avatar
 
Join Date: Jul 2009
Location: N/A
Posts: 1,465
Favorites: NDR, MTH, AXM,
Rep Power: 199
Reputation: 168
JonnyR512 has a spectacular aura aboutJonnyR512 has a spectacular aura about
Thread Starter
Default

RT Minerals files NI 43-101 report for Norwalk

2020-07-15 13:05 MT - News Release


Mr. Donald Clark reports

RT MINERALS CORP. FILES UPDATED NI 43-101 TECHNICAL REPORT ON NORWALK GOLD PROPERTY, WAWA, ONTARIO

RT Minerals Corp. has filed an updated National Instrument 43-101 technical report on SEDAR of its 100-per-cent-owned Norwalk gold property located near Wawa, Ont., and contiguous to the southern property boundary of the Alamos Gold Inc. and Red Pine Explorations Inc. strategic alliance on the Surluga property.

Mr. Garry Clark, P.Geo., of Clark Exploration Consulting of Thunder Bay, Ontario was contracted by RT Minerals to review historic data for the Property, identify its merits, propose an appropriate exploration program and budget for gold exploration on the Property, as well as complete a NI 43-101 report.

The Property is comprised of 12 single cell claims and 21 boundary cell claims, covering an area of 460 hectares and is subject to a 2% net smelter returns royalty retained by the original property vendors.

Gold discoveries were made within the Property boundaries starting around 1904. Subsequent work in the early 1900's included shaft sinking and limited underground development at Norwalk Gold Mine and Fred C Shaft, tunnelling at Gananoque Vein and driving adits at the Barton Occurrence. Limited gold production occurred from the Norwalk Gold Mine in 1904 and 1910 totalling 60 ounces of gold from 820 tons milled. A few small scale exploration programs including diamond drilling, geophysics, bedrock sampling, till sampling and geological mapping were completed in the period from 1962 to 1997.

The Property is located in the southern part of the Wawa Greenstone Belt. Gold, silver, zinc, copper and iron mineralization are the common associated metallic occurrences found in the belt. On the Property the predominant rocks are Keewatin Volcanics and Algoman Intrusives.

Fracturing and faulting play a most important role in the area. The known gold bearing veins are spatially and structurally related to these features. The two main directions of weakness strike N20-45W and N45-70E. The gold bearing quartz veins trend nearly parallel to the major lines of weakness and are located in close proximity to these structures.

The historical reports document several old shafts, adits and trenches within the Property boundary including the four main gold bearing mineralized zones. At the former Norwalk Gold Mine, gold occurs within pyrite and arsenopyrite mineralized quartz, that lies in sheared granodiorite, and mineralized schist composed of sericite, pyrite and arsenopyrite. At the Fred C Shaft gold is associated with numerous massive pyrite-pyrrhotite fracture fillings within intermediate metavolcanics. Gold also occurs in-feldspar porphyry. At the Gananoque Vein gold occurs in quartz veins with approximately 2% disseminated pyrite, within strongly carbonatized intermediate volcanic rocks. At the Barton Occurrence gold occurs in quartz veins mineralized with pyrite, chalcopyrite and pyrrhotite, along two parallel bands of iron formation approximately six feet (~2 metres) wide and four feet (~1.3 metres) wide with green schist in between. A dike of biotite picrite (kimberlite?) was also observed at the site.

The magnetics and induced polarization carried out by past and current operators have reinforced the geological mineralized trends. Numerous historic showings are coincident to the geophysics and the sampling and stripping verified gold mineralization and led to the discovery of the gold bearing 2 metre to 5 metre wide quartz complex of the Red Carbonate Zone ("RCZ") in 2017. The sampling completed to date shows that there is low and high grade gold mineralization with a gold nugget effect in the over mineralized system. Gold mineralization is hosted by narrow high grade sections with visible gold as well as low grade mineralization in quartz and in the schist of the footwall and hanging wall of the overall gold bearing section.

The extensive gold showings throughout the Property and the 2018 discovery of the RCZ indicates the potential of economic gold mineralization and warrants further exploration. The known gold nugget effect in the gold bearing host rocks will need to be properly assessed and sampled. In addition, the structurally controlled gold mineralization and genesis needs further examination.

A $610,000 exploration budget is recommended for the Norwalk Property. The integrated program will be comprised of data compilation, modelling, trenching, channel sampling, detailed mapping, assaying and diamond drilling.

The large database needs to be compiled further and the final drill collar locations for diamond drilling on the Red Carbonate Zone should be now initiated by the RT Minerals Corp. Qualified Person. To enhance the extensive data base further stripping and channel sampling should provide additional data on the gold distribution and association. Detailed mapping of newly stripped areas and previously stripped areas is also recommended.

An initial 1,000 metre (phase I) and up to 2,000 metre (phase II) diamond drill programs (10 to 20 holes) may be carried out now to fill in gaps of the Red Carbonate Zone's prospective 600 metre strike length between the 2017-18 drilling and the historical Gananoque gold showing. The drill core samples from this initial 2020 drilling will provide samples to assist in defining geology, gold mineralization and define the extent of the gold mineralization within this 600 metre long target area of the Red Carbonate Zone. This drilling is follow up to the discovery from RT Minerals Corp. drilling from 2017-18 which intersected the RCZ zone. The results of this drilling were previously announced by the Company on March 2, 2018.

Finally, in the event that the drilling recommended on the RCZ does not yield positive or economic gold results then the Company should then focus on the remaining +60 potential geophysical drill targets on the eastern half of the Norwalk property identified in 2017. Most of these targets and anomalies can be tested by drilling holes of 100 metres in core length or less.

Gold mineralization on Red Pine's adjacent Surluga property is not an indication of same being present on the Norwalk property. The gold zones known to exist on RT Minerals Corp. Norwalk property are separate and distinct from those situated on the Surluga property to the north.

Mr. Garry Clark, P.Geo., is an Independent Qualified Person under National Instrument 43-101 and he has prepared and completed the NI 43-101 report for the Norwalk gold property at the request of the Company. Mr. Garry Clark, P.Geo., has reviewed and approves the technical content of this press release.

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.
JonnyR512 is online now   Rate this post Yes | No Reply With Quote
Reply

Similar Threads
Thread Thread Starter Forum Replies Last Post
Watch: Smash Minerals Corp. (TSX VENTURE:SSH ) mickymoose99 Canadian Stock Picks 12 04-02-2012 12:18 PM
Buy: Meritus Minerals Ltd. (MML) (TSX-V – MER) BAR6 Canadian Stock Picks 2 02-29-2012 10:28 AM
Buy: Paget Minerals Corp wheelsca Canadian Stock Picks 1 10-03-2010 04:14 AM
Long: RT Minerals splitmind Canadian Stock Picks 7 12-30-2009 05:28 PM
Watch: ORA - Aura Minerals Inc. ToTheMoon Canadian Stock Picks 3 07-24-2009 11:05 AM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On