KIRKLAND LAKE, ON, June 5, 2012 /CNW/ - RJK Explorations Ltd.
(RJX.A: TSV) ("RJK") is providing an update to ongoing
exploration activities on its 15,040 hectare Blackwater East, West,
Northeast and Dave 2 properties, located in the Blackwater Gold
Camp, approximately 100 kilometres southwest of Vanderhoof, B.C. The RJK properties are
contiguous to the east and west of New Gold's Blackwater
multi-million ounce bulk tonnage gold deposit
Blackwater East, Northeast
Properties:
RJK advises that it has now completed its phase
one drilling program at the Blackwater East and Northeast
properties consisting of approximately 2,370 metres of diamond
drilling. This drilling was orientated to test a number of initial
targets, which had been derived from airborne/ground geophysical
surveying, prospecting and limited soil geochemical sampling
completed during the 2011 field season. All of the completed drill
holes have now been logged, sampled and submitted for assay. As RJK
awaits the final results, it is now preparing plans for follow-up
drilling.
Blackwater West, Dave 2 Properties:
The Company is also resuming work on its
Blackwater West and Dave 2 properties to follow-up on the 2011
field program which consisted of DIGHEM and ZTEM airborne
geophysical surveying, limited line cutting, limited ground IP
geophysical surveying and localized prospecting which had returned
up to 0.3% Cu and 2.5 g/t Ag from bedrock sampling in felsic
volcanics.
Initially RJK will concentrate its efforts on a
minimum of four high priority areas that will be refined by
additional line cutting, ground IP geophysical surveying and
geochemical soil sampling which will prepare them for drill testing
as soon as drill permits are received.
The Blackwater West and Dave 2 properties are
strategically located in the emerging Blackwater Camp. They are
surrounded by New Gold's gold/silver deposit and claim group
immediately to the East, Independence Gold's "3 T's" gold deposit
immediately to the South, Amarc Resources' claims and targets to
the West / Southwest and New Gold's "Capoose" silver/gold deposit
to the North.
"The Company eagerly awaits the remaining assay
results from the initial drilling on the Blackwater East and
Northeast properties and is excited to resume work at the
Blackwater West and Dave 2 properties. We have favourable
geological settings for mineral deposition along with a number of
mineral occurrences coupled with the results of our initial work
along with the fact that RJK is adequately funded, all of which
should make for a very interesting exploration season this year,"
said Glenn Kasner, President.
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.
Website: www.rjkexplorations.com
SOURCE RJK Explorations Ltd.
