RJK Explorations Clarifies High Grade Silver Intersections on Blackwater East, Northeast Claims and Begins Exploration on Black
16 Juin 2012 - 8:57PM
PR Newswire (Canada)
KIRKLAND LAKE, ON, June 19, 2012 /CNW/ - RJK Explorations Ltd., -
Drill hole BWE12-06, as reported on Wednesday, June 13, 2012, was a
vertically drilled, NQ size hole that intersected a mineralized
section over a 3.3 metres core length starting at a vertical depth
of 79 metres. This intersection was reported as 2,710 parts per
million (ppm) silver, which is equivalent to a more commonly
recognized result of 2,710 grams silver/tonne or 79.04 ounces
silver/ton. The second silver intersection, located 6.62 metres
further down the hole, was reported as 38.9 ppm silver and is the
equivalent of 38.9 grams silver/tonne or 1.13 ounces silver/ton. In
other words, RJK drilled a high grade intersection of a potential
silver discovery. RJK considers these silver intersections to be
very significant. Additional geological/structural interpretation,
geophysical and geochemical work will be completed prior to a
follow-up drill program utilizing a drilling procedure - reverse
circulation - better suited to the rock formations encountered by
the core drilling. Reverse circulation drilling will provide a
larger sample size and better recovery of any of the mineralized
zones encountered in the core drilling. Blackwater West Claims RJK
Explorations has also resumed exploration on the Blackwater West
and Dave 2 properties with a field crew currently on the ground.
Initial exploration work will consist of follow-up prospecting,
soil sampling, line cutting and IP geophysical surveying to add to
the exploration work done in 2011. Once completed and following
receipt of government issued permits, RJK intends to begin a drill
program to test a minimum of 4 targets that have already been
identified. RJK is highly encouraged by the initial results and the
potential of its two claim groups in the Blackwater Gold camp and
advises interested parties to sign up on the RJK web site -
www.rjkexplorations.com - for further updates on the Company's
exploration efforts. Ian Webster, P. Geo., is the qualified person,
as defined by NI 43-101, for the Blackwater Properties and has
reviewed and approved the technical information contained in this
release. 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. RJK Explorations Ltd.
CONTACT: Glenn Kasner, PresidentTelephone: (705) 567-5351Mobile:
(705) 568-7567 kasner1@ntl.aibn.comVancouver Office:James (604)
565-5967james@rjkexplorations.com
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