VANCOUVER, Jan. 8 /CNW/ - RT Minerals Corp. ("RTM"/the "Company") (CNSX symbol: RTM) announces that drilling has commenced on the Company's Golden property contiguous to the south-western holdings of Lake Shore Gold Corp.(TSX:LSG) and the western boundary of the southern holdings of Nebu Resources Inc., of the West Timmins, Ontario, region.
A total of 14 near surface and deep drill targets to ~400m in depth have been initially identified from the recent ~40 line kilometre Induced Polarization and Magnetometer Survey covering RTM's Golden property.
A two phase 8400m drill program, trenching and further deep penetrating geophysics has been recommended for 2010 at an estimated cost of up to $1,200,000 on RTM's Golden property.
The Qualified Person for the Golden Property is Mr. Robert Laakso, P.Eng., of Holland Landing, Ontario, and he has reviewed the contents of this release.
In addition, RTM also announces the closing of the private placement and related transactions as detailed in the Company's news release of December 30, 2009. As a result Lake Shore Gold Corp. has acquired 7,500,000 shares of the Company and 7,500,000 warrants exercisable at $0.20 per share over a two year term.
SOURCE RT MINERALS CORP.
For further information: For further information: Jonathan Samuda, Director, Tel: (604) 681-3170, Fax: (604) 681-3552, Email: firstname.lastname@example.org, Website: www.rtmcorp.com, RT Minerals Corp., C/O Suite 1500 - 1055 West Georgia Street, Vancouver, B.C., V6E 4N7