Latest update May 20th, 2026 12:35 AM
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Canadian mining company boosts local activities
RT Minerals Corp, the Canadian owners of Mahdia Gold has announced that it has mobilized the Phase One surface alluvial exploration program in Guyana.
According to the Company, the program will consist of mapping, test pits, panning gravels and grab samples from each pit for assaying at an accredited laboratory in Georgetown.
The program is estimated to cost US$100,000 and is scheduled to be completed within 60 days.
According to the Company, “Contingent on the positive results from Phase One, the Company will carry out a Phase Two program consisting of bulk sampling, by excavator, of saprolite material and the processing of same through a wash plant.”
The budget for the Phase II program, including the purchase and commissioning of the Wash Plant, is estimated at US$300,000.
The Company yesterday also announced the appointment of Michael O’Brien as Vice President of Corporate Development.
O’Brien has over 30 years of sales, marketing, business development and communications experience in the Mining and Telecommunications industries.
He was the Director of Corporate Communications and Investor Relations for Carpathian Gold and Sage Gold for eight years and was instrumental in raising significant capital for large international mining projects.
O’Brien will be performing investor relations activities for the Company.
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