Exploration Update for RJK's Blackwater East/West/Northeast and Dave 2 Properties, Central BC
24 Octobre 2011 - 4:10PM
PR Newswire (Canada)
KIRKLAND LAKE, ON, Oct. 24, 2011 /CNW/ - RJK Explorations Ltd.
(RJX.A: TSV) ("RJK") is pleased to provide an update to its
exploration activities on its 15,000 hectare Blackwater East, West,
Northeast and Dave 2 properties, located in the Blackwater Gold
Camp, approximately 100 kilometers southwest of Vanderhoof, B.C.
The properties are contiguous to the east and west of New Gold's
Blackwater bulk tonnage gold deposit containing an estimated
indicated and inferred resource of approximately 6.6 million ounces
of gold (news release of Sept. 19, 2011 - New Gold Inc.) which is
currently being expanded with a 50,000 meter drill program. On
Oct.17(th), New Gold Inc. (NGD) announced that it was acquiring two
junior exploration companies for $131 million and $17 million
respectively, specifically for their land positions in the
Blackwater Gold Camp. RJK reports that Geotech Ltd. has submitted a
Summary Interpretive Report on the recently flown 1,540 km ZTEM
Airborne Geophysical Survey on the company's Blackwater East, West,
Northeast and Dave 2 properties. This survey has identified several
areas of interest with a very strong feature located on the
Blackwater East/Northeast claims. Taken from the Summary
Interpretation Report on the Helicopter-Borne Z-Axis Tipper
Electromagnetic (ZTEM) and Aeromagnetic Survey Results, Geotech
Ltd. September 2011. "The survey blocks discussed in this study are
situated in the Blackwater Gold District, which hosts the Richfield
Gold Deposit, a low sulfidation epithermal mineralization system,
characterized by high resistivity and flanking high magnetic
susceptibilities. In East Block, ZTEM features of interest were
identified and computer-modeled using 2D inversion with topographic
correction. The eastern side of the block has an undifferentiated
conductivity, suggesting a porous volcanic or sedimentary unit,
juxtaposed to more resistive unit, possibly an intrusive or
felsite, to the west. The latter is characterized by a central
cluster of circular resistive zones surrounded by more conductive
rocks - resembling a central, potassic altered volcanic epithermal
center and surrounding claychlorite altered halo. East block
therefore represents an area of exploration interest. Both East and
West blocks feature characteristic high resistivity anomalies that
are flanked by magnetic highs, analogous to the Richfield (now New
Gold) deposit geophysical target model." RJK has also recently
completed 55 km of line cutting on the properties at a 300 meter
line spacing and approximately 25 km of pole-dipole IP surveying on
two high interest areas on the East/Northeast claims. Preliminary
2D IP results have been received for grid EBW-1 and two moderate to
high resistivity/chargeability areas have been identified which may
represent mineralization. Both areas are of deposit scale size and
open to further geophysical expansion. These anomalies coincide
with Geotech's first and third high resistivity anomaly picks.
Preliminary results have also been received for grid EBW-2 and a
moderate to high resistivity/chargeability feature is seen to be
developing in Geotech's fifth high resistivity pick. Only one IP
line has partially covered this feature. Additional ground
geophysical surveying is planned to fully evaluate the extent of
this feature. The Blackwater East/Northeast claims have received
the bulk of exploration to date. Following the Airborne Digem V
survey in December/January of 2010/11, a dedicated prospecting
program was initiated in June, 2011 on the East, West and Dave 2
claims. A phase 1 soil sampling program was also completed at
Blackwater East. In July, 2011, Geotech Ltd., was contracted to
conduct their Airborne ZTEM geophysical system over all the
properties. Line cutting and 2D IP geophysical surveying was
contracted in August, 2011. RJK's prospecting efforts along with
historic government mapping has concluded that both properties are
extensively covered with glacial tills. Till identification through
prospecting on Blackwater East suggests that the eastern half of
the property is underlain by more mafic volcanics (Basalts) while
the western half is underlain by felsic volcanics (Rhyolite).
Airborne magnetic data reinforces this observation. A small highly
brecciated felsic volcanic (Rhyolite) outcrop was located in the
west-central part of the property. Chemical analysis has returned
geochemically minor gold and silver values, however, a 75% SiO2
content was reported in two of the samples. This outcrop was the
only one located on the property. Similarly, on the Blackwater West
and Dave 2 claims which have very limited outcrop exposure,
prospecting has identified felsic volcanic rocks in the North and
South quadrants of the property. Sampling returned geochemically
low values in gold, but copper and silver values were elevated in
several samples with one sample giving 2976 ppm Cu and another
giving 3.4 gm/t silver. Phase 1 soil sampling program at Blackwater
East consisted of 173 sample sites completed on grid lines at a 600
meter spacing and samples taken every 100 meters. Sixteen soil
samples returned greater than 20 ppb gold, an additional 24 samples
returned 10-20 ppb gold with the highest sample returning 149 ppb
gold. These samples are considered to be significantly anomalous in
gold. The widely-spaced reconnaissance sampling indicates a
gold-in-soil anomaly associated with a low magnetic signal is
developing in the south-central part of the property. Additional
work will be required to fully evaluate the potential for this
area. It should be noted that soil sampling on New Gold's Dave
claim reported a peak value of 220 ppb gold from a 2007 soil
sampling survey and indicated four zones of anomalously high gold
values 20 ppb gold. (B.C. Government Assessment File Number 29363)
A historic Regional Drainage Sediment and Water Geochemical Data
sampling program was conducted by Geoscience BC in the Anahim Lake
and Nechako River area of Central B.C. Five widely spaced silt
samples were collected on the Blackwater East claims. One sample
site located in the central west part of the claims returned highly
anomalous values in Au, Ag, Cu, Zn, Mo and Ni, similar to the
anomalous down-slope stream sediment silt sample results from the
Blackwater Gold deposit. RJK will focus its immediate activities on
the East/Northeast claims with additional follow-up work on the
West/Dave 2 claims commencing early next year. Diamond drill permit
applications for the East/Northeast claims have been submitted to
the provincial government for approval. Proposed drill locations
are readily accessible via established logging roads, as well as
there being an adequate supply of water for winter drilling
operations. To view the new ZTEM maps and bedrock rock samples,
please visit: http://www.rjkexplorations.com/pj_blackwater.htm
"Within a relatively short exploration time frame, we have
developed several high quality exploration targets which will be
drill tested upon receipt of all Government approvals," said Glenn
Kasner, President of RJK. The technical contents of this news
release have been reviewed by Derrick Strickland, P.Geo. Forward
Looking Statements: 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
RJK Explorations Ltd. CONTACT: Glenn Kasner, President Vancouver
Office:Telephone: (705) 567-5351 James (604) 565-5967Mobile: (705)
568-7567 james@rjkexplorations.comkasner1@ntl.aibn.com
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