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
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., will introduce you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He will explore applications in several industries and discuss technologies that allow the deployment of advanced visualization solutions to the cloud.
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, will discuss how from store operations...
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, will discuss how they bu...
SYS-CON Events announced today that Datera will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera offers a radically new approach to data management, where innovative software makes data infrastructure invisible, elastic and able to perform at the highest level. It eliminates hardware lock-in and gives IT organizations the choice to source x86 server nodes, with business model option...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, will discuss some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he’ll go over some of the best practices for structured team migrat...
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
Digital transformation is changing the face of business. The IDC predicts that enterprises will commit to a massive new scale of digital transformation, to stake out leadership positions in the "digital transformation economy." Accordingly, attendees at the upcoming Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA, Oct 31-Nov 2, will find fresh new content in a new track called Enterprise Cloud & Digital Transformation.
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp emp...
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...