Exploration Activities Increase Confidence In The Cranach Gold And Silver Project

WESTERN AUSTRALIA - RTG Mining Inc. reported on the exploration activities at its 90% owned Chanach Gold & Copper Project in the Kyrgyz Republic. Recent exploration activities at Chanach have included ground truthing, the collection of 1,154 soil samples concentrating on 6.5km of skarn and new structures identified in the eastern end of the tenement in last year's structural survey, the digging of seven dozer cut trenches across the identified skarn and outcropping quartz and a magnetic survey over the tenement.

CEO, Justine Magee, said, “These results further increase our confidence that Chanach can evolve into both a high-grade, large Copper - Gold Porphyry Skarn system, similar to or even better than the Mabilo Project, combined with a high-grade epithermal gold system. Follow up work next field season is planned to include a 3DIP survey and drilling of defined targets.

Whilst we are excited to see the excellent results coming from Chanach, progress at our Mabilo Project in the Philippines continues to gain momentum with the new partnership with the Villar controlled TVI Resource Development (Phils.) Inc. working well, with the current focus on updating budgets for start up so we can refresh the financing plans for the project. We have again been approached by a number of parties who have expressed a keen interest in both the financing and offtake arrangements for the project."

Results from dozer cuts 6 and 7 and the soil sampling are being processed at the fully accredited Information Research Centre Laboratory in Kara Balta in the Kyrgyz Republic with results pending.

The magnetic survey was flown with drones by Geoscan Ltd on 50m line spacing at an altitude of 50m. The data collected will be processed by Southern Geoscience Consultants in Perth, and overlayed with the results from the soil sampling, to be used for 3DIP and drill targeting.w