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
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
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...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to ma...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists discussed...
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.
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.
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists looked at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deliver...
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists loo...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...