RJK Options Blackwater Northeast Property, Central BC
01 Septembre 2011 - 3:40PM
PR Newswire (Canada)
KIRKLAND LAKE, ON, Sept. 1, 2011 /CNW/ -- KIRKLAND LAKE, ON, Sept.
1, 2011 /CNW/ - RJK Explorations Ltd., (RJX.A: TSXV) ("RJK") is
pleased to announce that it has entered into a property option
agreement in the Blackwater Gold District, south of Vanderhoof,
Central BC, whereby RJK can acquire a 100% interest in 3 mineral
tenures covering approximately 970 hectares called the "Blackwater
Northeast Property". The Blackwater Northeast Property is
contiguous to and adjoins RJK's Blackwater East Property. When it
is combined with the Blackwater West and East and Dave 2
properties, RJK's claim groups will cover approximately 15,000
hectares located on the highly prospective Plateau Gold-Copper
Belt. These claim groups all adjoin New Gold's Davidson-Blackwater
multi-million ounce gold deposit currently being further delineated
by a 40-50,000 meter diamond drilling program in a $20 million
exploration budget. Glenn Kasner, President of RJK Explorations
comments, "We are delighted to have been able to acquire these
additional lands to complement our current holdings. RJK wanted to
acquire the Blackwater Northeast Property in order to provide
coverage of an intrusive complex that was recently identified by
the Dighem V and the just completed ZTEM airborne geophysical
surveys. To exercise the option on the Blackwater Northeast
Property, the company must make cash and share payments and
complete work commitments over a three year period totaling $57,500
cash ($7,500 on signing) 1,750,000 shares (250,000 on signing) and
$350,000 in work commitments ($50,000 in year one). The property is
also subject to a 3% net smelter return royalty, of which 1.5% may
be purchased from the vendor for $2,000,000. The company's current
land holdings may be viewed on its website located at
www.rjkexplorations.com Forward Looking Statements: This news
release contains or refers to forward-looking information. All
statements, other than statements of historical fact, that address
activities, events or developments that RJK believes, expects or
anticipates will or may occur in the future are forward-looking
information. Such forward-looking information includes statements
contained in this news release regarding discussions in respect of
a potential acquisition and funding arrangement and RJK's
expectations regarding same and the trading of its shares on the
TSX Venture Exchange. This forward-looking information reflects the
current expectations or beliefs of RJK based on information
currently available to it. Forward-looking information is subject
to a number of risks and uncertainties that may cause the actual
results of RJK to differ materially from those discussed in the
forward-looking information, and even if such actual results are
realized or substantially realized, there can be no assurance that
they will have the expected consequences to, or effects on, RJK.
Factors that could cause actual results or events to differ
materially from current expectations include, but are not limited
to: the failure of RJK to enter into an agreement in respect of
such arrangement; delays in obtaining or failure to obtain any
required regulatory and/or shareholder approval; and other factors.
Any forward-looking information speaks only as of the date on which
it is made. Although RJK believes that the assumptions inherent in
the forward-looking information are reasonable, forward-looking
information is not a guarantee of future performance and
accordingly undue reliance should not be put on such statements due
to the inherent uncertainty therein. Neither TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. Web Site:
http://www.rjkexplorations.com
To view this news release in HTML formatting, please use the
following URL:
http://www.newswire.ca/en/releases/archive/September2011/01/c7901.html
table border="0" tr td Glenn Kasner, Presidentbr/ Telephone: (705)
567-5351br/ Mobile: (705)
568-7567 br/ a
href="mailto:kasner1@ntl.aibn.com"kasner1@ntl.aibn.com/a /td td
valign="top" align="left" Vancouver Office:br/ James (604)
565-5967br/ a
href="mailto:james@rjkexplorations.com"james@rjkexplorations.com/a
/td /tr /table p /p
Copyright
RJK Explorations (TSXV:RJX.A)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
RJK Explorations (TSXV:RJX.A)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about RJK Explorations Ltd (TSX Venture Exchange): 0 recent articles
Plus d'articles sur Rjk Explorations Ltd. CL A Sv