Welcome!

News Feed Item

RT Minerals Corp. Announces Exclusive Exploration Rights on Tiger River, Konawaruk and Demerara River Gold Properties, Guyana, South America

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/04/14 -- RT Minerals Corp. ("RTM"/ the "Company") (TSX VENTURE: RTM) announces that the Company has secured the exclusive exploration rights to the Tiger River, Konawaruk and Demerara River gold properties, Guyana, South America.

These properties lie within the regional Makapa-Issano belt which is part of a larger gold bearing system within the Guiana Shield that trends from Venezuela to French Guiana. The overall area of the Makapa-Issano trend, inside Guyana, has historically produced over 1 million ozs of alluvial gold (source: Guyana Geology and Mines Commission ("GGMC")) as well as covers the past producing Omai gold deposit (3.7 million ozs produced) located 40km to the northeast of these RTM property acquisitions. In addition, the Eagle Mountain deposit (750,000 ozs Au- Gold Source Mines Inc.) and RTM's Mahdia property lease are located approximately 9km to the north west of the Tiger River, Konawaruk and Demerara River properties.

TIGER RIVER GOLD PROPERTY, GUYANA

The Tiger River property is located approximately three hours' driving time south west of Georgetown, Guyana. The property consists of approximately 1200 acres and has had historical alluvial mining operations carried out on the property. The property has excellent potential for in-situ alluvial gold mineralization as well as for gold bearing alluvial tailings from past dredging (sluice systems) where, reportedly (GGMC), less than 40% gold recovery may have been realized.

RTM has the exclusive exploration rights on this property to November 30, 2014 whereupon RTM may elect to commence alluvial operations on the property by paying $10,000 USD per year and 15% of all gold produced from the alluvial operations.

KONAWARUK GOLD PROPERTY, GUYANA

The Konawaruk property is situated four hours' driving time south west of Georgetown, Guyana. The property consists of 2400 acres and has been subject to small scale past alluvial mining operations. Immediately west of this RTM property, during colonial times, alluvial dredging operations by British Guiana Mines Inc., reportedly produced over 100,000 ozs of gold (source: GGMC).

RTM has the exclusive exploration rights on this property to November 30, 2014 whereupon RTM may elect to commence alluvial operations on the property by paying $20,000 USD per year and 15% of all gold produced from the alluvial operations.

DEMERARA RIVER GOLD PROPERTY, GUYANA

The Demerara River property is located approximately four hours' driving time south west of Georgetown, Guyana. The property is approximately 1100 acres and consists of 39 land and 12 water claims. The property has had small scale alluvial mining operations intermittently active since 1994.

The Demerara River property covers part of the Roraima sedimentary package. The Roraima sedimentary package is similar to the host sedimentary unit of Witwatersrand, South Africa.

A field program consisting of trenching, pits, banka drilling, sampling, assaying and analysis of the gold characteristics is recommended.

RTM has the exclusive exploration rights on this property to November 30, 2014 whereupon RTM may elect to commence alluvial operations on the property by paying $20,000 USD per month from such operations.

GUYANA ALLUVIAL MINING

In Guyana, the main method of mining alluvial gold is, and has been, by using wooden or metal sluices normally 5 to 20ft long by 2 to 8ft wide accompanied by 4" or 6" dredges consisting of small engines with water and gravel sections. These are not high recovery systems. Studies completed by the GGMC over the past several years have reportedly averaged the recovery rate of these sluice systems at generally between 30% to 40%. In addition, sluices generally only recover gold above 100 mesh in an effective manner. Below 100 mesh the recovery rates for gold can fall below 5%.

In recent years, a few larger alluvial mining operators have implemented wash plants and concentrators (sepro/icon systems) and these have shown to improve recovery rates up to 85%. With these systems much more of the finer gold content of - 200 mesh can be recovered.

Wash plants are more expensive as a capital cost, as well as to prepare for onsite alluvial mining, but they are far more efficient with their higher recovery rates. Also, less labor is required as the entire system is substantially more mechanized. These modern state of the art wash plants, and / or Knelson concentrator systems and flow sheet designs, enable alluvial mining of up to 20 hours per a day per plant compared to 10 hours per day which is more common for a traditional dredge or sluice system.

MAHDIA GOLD PROPERTY, GUYANA

Finally, RTM announces that the Phase One surface alluvial (saprolite) exploration program announced by the Company on May 14, 2014 has been postponed due to adverse weather conditions that have left the principal access road unavailable for continuous safe access and egress from the Mahdia gold property. It is expected that access to the Mahdia property will be reinstated within the next 30 to 60 days. RTM has advised the vendor of the Force Majeure conditions at Mahdia and has requested an extension to complete Phase 1 work and property payments to September 30, 2014.

CURRENT WORK PROGRAM DEMERARA GOLD PROPERTY, GUYANA

During the next 30 days RTM will carry out a field program on the Demerara River property consisting of pit excavation, trenching, shallow Banka drilling, sampling and assaying. This program is estimated to cost $80,000 USD. The location of this property has not been affected by the heavy rains experienced in certain parts of Guyana over the past month.

QUALITY CONTROL

Mr. Robert Laakso, P.Eng., is the Independent Qualified Person who has prepared or supervised the preparation of the information that forms the basis for the scientific and technical disclosure in this news release.

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

Contacts:
RT Minerals Corp.
Paul Antoniazzi
President and Chief Executive Officer
(604) 681-3170
(604) 681-3552 (FAX)
www.rtmcorp.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Discover top technologies and tools all under one roof at April 24–28, 2017, at the Westin San Diego in San Diego, CA. Explore the Mobile Dev + Test and IoT Dev + Test Expo and enjoy all of these unique opportunities: The latest solutions, technologies, and tools in mobile or IoT software development and testing. Meet one-on-one with representatives from some of today's most innovative organizations
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed ...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.