21:23:18 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Lakeland Resources Inc
Symbol LK
Shares Issued 58,042,185
Close 2015-02-06 C$ 0.07
Market Cap C$ 4,062,953
Recent Sedar Documents

ORIGINAL: RT Minerals to acquire Ballard Lake from Lakeland

2015-02-06 19:10 ET - News Release

See News Release (C-RTM) RT Minerals Corp (2)

Received by email:

File: RTMnewsfeb62015final.docx

NEWS RELEASE
RT MINERALS CORP. ANNOUNCES ACQUISITION OF BALLARD LAKE GOLD PROPERTY
Vancouver, B.C. - February 6, 2015 {‐ ‐} RT Minerals Corp. (TSX.V: RTM) (the "Company" / "RTM") is pleased to an
--->nounce that it has settled the principal terms of a purchase and sale agreement with Lakeland Resources Inc. for RTM t
--->o acquire a 100% interest in the Ballard Lake Gold Property (the "Property") located approximately 50 km northeast of 
--->Wawa, Ontario.
In order to purchase 100% of the Property RTM must complete a minimum financing of $200,000 and forthwith thereafter i
--->ssue four million (4,000,000) common shares of RTM to Lakeland Resources Inc. The property is subject to a 2 % Net Sme
--->lter Royalty to the credit of the original and previous Property vendors. The transaction is subject to regulatory fil
--->ings and acceptance.
BALLARD LAKE PROPERTY, ONTARIO
The Ballard Lake Property consists of 4 unpatented mining claims encompassing 48 claim units located in Echum and Dols
--->on Townships within the Michipicoten Greenstone Belt, Sault Ste. Marie Mining Division. The Property is road accessibl
--->e and covers the Ballard Lake Shear Zone ("BLSZ") and the main Ballard Lake Showing. The BLSZ has been exposed for ove
--->r 1 km and reportedly returned gold assays from grab samples as high as 17.6 g/t Au from historic trenches. Past work 
--->by previous operators (Noranda Mines in 1980 and Anglo Porcupine Gold Exploration Ltd. in 1988) have established the p
--->resence of gold mineralization at least intermittently along the BLSZ as well as numerous other gold and base metal oc
--->currences from surface sampling within the property boundary. The main Ballard Lake Showing has been described as a su
--->lphide bearing quartz vein that is commonly 30-40 centimetres wide with grab samples ranging from trace to over 4.4 oz
--->/t Au and 12.0 oz/t Ag.
A 1998 Ontario Prospectors Assistance Program ("OPAP") program on the Ballard Lake Property was comprised of prospecti
--->ng, line cutting and an Induced Polarization geophysical survey. The 1998 program identified the shear zone as well as
---> several geophysical target areas (strong chargeability anomalies) that were covered by overburden. Drilling was recom
--->mended but to date has not been carried out. 
QUALITY CONTROL 
Mr. Robert (Bob) Duess, P.Geo. is the Independent consultant and Qualified Person who has prepared or supervised the p
--->reparation of the information that forms the basis for the scientific and technical disclosure in this news release.
FOR FURTHER INFORMATION CONTACT:

Paul Antoniazzi 
President and Chief Executive Officer 
Tel: (604) 681-3170 
Fax: (604) 681-3552 
Website: www.rtmcorp.com 
__________________

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the T
--->SX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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