Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

RT Minerals Corp V.RTM

Alternate Symbol(s):  RTMFF

RT Minerals Corp. is a Canada-based junior exploration company. The Company holds a 100% interest, royalty-free, in a portfolio of 12 rare earth element (REE), gold and base metal properties in Ontario, Canada. The Company is engaged in the acquisition, exploration and evaluation of mineral properties in Canada for hosting critical minerals, gold and base metals. Its projects include Nordica, Case Batholith, Ireland, Timmins, Kenogaming & Pharand, Kendry, Galna, Blakelock, Mcquibban, and Milligan. The Nordica property is prospective for copper, nickel, cobalt, chromium, and palladium mineralization. The Ireland REE property is comprised of 52 claims (421 hectares) covering an inferred carbonatite complex (the Ireland Complex) located in Ireland Township, 45 kilometers northeast of Smooth Rock Falls, Ontario. The Timmins property contains 21 claim blocks comprising 170 hectares (420 acres) and is located in Timmins township approximately 50 km southeast of Timmins Ontario.


TSXV:RTM - Post by User

Post by diabase1on Jun 30, 2023 7:33am
88 Views
Post# 35521814

Pharand II (2)

Pharand II (2)Historical Background (cont'd)
In 1986, Magenta Development Corp. carried out  VLF and magnetic surveys over the above same property (42A04NE0005/42A04NE0005). "The purpose of the surveys was to locate faults that might host structurally controlled Au bearing quartz/carbonate veins. As the Au mineralization in the Swayze Gold Belt is often associated with structurally controlled quartz/carbonate veins, these conductors may be worthwhile exploration targets". However, I didn't see too many carbonate veins within the Magenta portion of RT Mineral's property. Most were well to the west of RTM's property.
"The property was found to be underlain by mafic volcanic flows intercalated with mafic tuffs and minor felsic volcanics. A few quartz carbonate veins, some of which contained sulphides, were found. None of the veins contained gold mineralization. The soil geochemistry survey outlined several slightly anomalous (20 ppb to 70 ppb) values sporatically distributed in the south central part of the property".
The very low frequency electromagnetic survey outlined a number of conductors, which tended to correlate with either lakes or creeks.  However, the latter could be structurally related and therefore, could be of interest as potential shear zones.
 The magnetic survey detected several east-west anomalies, which tend to coincide with the strike direction of the lithology. Some of the magnetic anomalies are probably caused by diabase dykes.
In Magenta's Report (42A04NE0005/42A04NE0005), they stated that "the previous geological mapping, prospecting and soil geochemistry done on the property is not encouraging enough to warrant a major trenching and/or drilling program at this time". Magenta, at the time, was basically focussed on gold exploration, looking for auriferous shear zones. The geophysical results were not overly encouraging either.
However, one must keep an open mind for the potential occurrence of base metals within this property as well, as we shall see later.
In 1990, E. Mord carried out a further reconnaissance prospecting program, and eventually some trenching that covered a portion of RT Mineral's property (42A04NE0008/42A04NE0008). It basically covered claim 794744. He took several grab samples from outcrops, as well as a number of samples from some of the trenches. For the most part, the assay results were poor.
"The only significant values on the property appear to occur in the gabbro on the south shore of the lake L9E, 250N. Cu values in this area ranged from 310-1100 ppm in B10-B14 inclusive. There does not appear to be a strong magnetic association with this gabbro intrusive". My take away from this report is a) there is gabbro on the north shore of the lake as well, which would correlate with the gabbro on the south shore and b) there is direct magnetic correlation with the gabbro, which is confirmed on the airborne magnetic map (OGS Map 81380). However, on E. Mord's ground magnetic map, there is little or no magnetic response correlating with this gabbro intrusive. Is it because the rocks are NOT gabbro or is it because the gabbro is much deeper? There were no GEOTEM electromagnetic anomalies in the area of the gabbro, indicating that there likely are no massive sulphides within the gabbro. Although there is pyrite and minor chalcopyrite situated on the south shore outcrop, the mineralization is probably disseminated and therefore, not susceptible to being intercepted by either the GEOTEM system or the VLF system. Another geophysical system, such as either an IP or a MT system would be more suited to this type of mineralization, especially if it is at depth.
With respect to nickel/copper (in ppm), Samples B18 and B22 gave assays of 190/40 and 100/330 respectively.
All samples gave little or no gold.
Keep in mind that this property of E. Mord only covers a very small portion of the much larger                RT Mineral's property.
 

<< Previous
Bullboard Posts
Next >>