Exploration Update on RJK's Blackwater East, North East Claims
02 Août 2012 - 3:50PM
PR Newswire (Canada)
RJX.A KIRKLAND LAKE,ON, Aug. 2, 2012 /CNW/ - RJK Explorations Ltd.
(RJX.A: TSV) ("RJK") is providing an update of its exploration
activities on the 9,120 hectare Blackwater East, North East
properties, located in the Blackwater Gold Camp approximately 100
kilometers southwest of Vanderhoof, B.C. This claim group is
contiguous to the east of New Gold Inc.'s Blackwater multi-million
ounce bulk tonnage gold deposit. In the follow-up to the phase 1
drill program, the Company completed structural interpretation,
detailed ground magnetics, Frequency Domain IP surveying and MMI
soil sampling in the area of the high-grade silver values found in
the discovery hole (a high grade intersection of 3.3m of 2,710 gm
silver per tonne or 10.8 ft of 79.04 oz silver per ton - true
widths are unknown at this time) Interpretation of that vertically
drilled discovery hole suggests that the mineralized intersection
occurred at the brecciated fault contact between felsic volcanics
to the southwest and sediments to the northeast. Detailed ground
magnetic surveying in the area also indicates a prominent
northwest/southeast trending structure which may represent the
extension of this mineralized fault contact. RJK anticipates that
the next phase of exploration will include a series of angled drill
holes drilled into this structure. An amended drill permit
application has already been submitted and the necessary government
approvals are expected in the near future. The recently completed
IP geophysical surveying has also located an additional geophysical
anomaly located approximately 400 meters further to the west.
Analytical results of the MMI soil sampling have not yet been
received, however, when received they will be incorporated with the
current results to formulate the next phase of exploration in this
area as well. Fred Sharpley, PGeo., the qualified person for the
Blackwater Project 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. Website:www.rjkexplorations.com
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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