Update on RJK Exploration's Blackwater East, Northeast, West and Dave 2 Properties
03 Juin 2012 - 4:06AM
PR Newswire (Canada)
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
RJK Explorations Ltd. CONTACT: Glenn Kasner,
PresidentTelephone: (705) 567-5351Mobile: (705) 568-7567
kasner1@ntl.aibn.com Vancouver Office:James (604)
565-5967james@rjkexplorations.com
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