RJK Concentrates Exploration on Large Anomaly at Blackwater West,
Early Drilling Very Encouraging
RJX.A
KIRKLAND LAKE, ON, Dec. 28, 2012 /CNW/ - RJK Explorations Ltd.
(RJX.A: TSX-V) ("RJK") wishes to report on its Phase One drill
program at Blackwater West and Phase Two drill program at
Blackwater East, located in the Blackwater Gold Camp approximately
120 km southwest of Vanderhoof,
B.C. In total, six holes were completed for approximately
1,313.3 meters. The two Blackwater claim groups are contiguous to
the west and to the east, respectively, of New Gold Inc.'s
Blackwater bulk tonnage gold deposit currently at 10.18 million
ounces gold (indicated and inferred) and 65.7 million ounces silver
(indicated and inferred).
At Blackwater West, earlier work by the Company,
which consisted of airborne geophysics, IP ground geophysics and
MMI-type geochemical soil sampling, had defined four target areas.
Drill permits were approved for three of the four areas. At the
West Grid 4 area, located in the southern portion of the property,
work had defined a large open-ended north-south striking soil
geochemical, IP geophysical and limited ZTEM airborne anomaly. All
drilling to date at Blackwater West was completed at West Grid
4.
To comply with the company's approved drill
permit, three drill holes were completed on section 5880900N at
West Grid 4 prior to the suspension of the 2012 drill season.
Grid 4 IP Chargeability
Drill hole BWW12-01 tested a strong geochemical
and associated high resistivity IP geophysical anomaly and cored a
wide section of geochemically anomalous zinc and silver values.
Drill holes BWW12-02 and 03 tested the western
and eastern extremities of the main 600 meter wide target area at
West Grid 4 and cut wide sections of highly anomalous silver, zinc
and lead values in Rhyolite and Rhyolite Fragmental rocks. Results
are reported in the following chart and on Section Map-IP
Chargeability
Blackwater West Grid 4 Property DDH composite
table
|
Hole ID |
Section |
Easting |
|
From |
To |
Length |
Assay |
|
|
|
|
|
|
|
|
|
m |
m |
m |
Ag
g/mt |
Au
g/mt |
Zn % |
Pb% |
Cu% |
Cd% |
|
|
|
|
|
|
|
|
|
|
|
|
|
BWW-12-01 |
900N |
1250E |
|
70 |
113 |
43 |
0.300 |
0.005 |
0.097 |
0.007 |
0.030 |
0.0007 |
BWW-12-02 |
900N |
1775E |
|
81 |
217 |
136 |
1.426 |
0.005 |
0.045 |
0.019 |
0.017 |
0.0003 |
|
|
|
including |
81 |
176 |
95 |
1.527 |
0.005 |
0.050 |
0.017 |
0.022 |
0.0002 |
|
|
|
including |
81 |
145 |
64 |
1.781 |
0.005 |
0.067 |
0.022 |
0.027 |
0.0003 |
|
|
|
including |
131 |
145 |
14 |
5.079 |
0.005 |
0.130 |
0.038 |
0.027 |
0.0010 |
|
|
|
including |
134 |
145 |
11 |
6.182 |
0.005 |
0.161 |
0.048 |
0.032 |
0.0013 |
|
|
|
and |
263 |
275 |
12 |
5.908 |
0.005 |
0.169 |
0.048 |
0.054 |
0.0030 |
|
|
|
including |
266 |
268 |
2 |
23.100 |
0.040 |
0.636 |
0.116 |
0.219 |
0.0141 |
BWW-12-03 |
900N |
2475E |
|
36 |
73 |
37 |
2.784 |
0.005 |
0.291 |
0.243 |
0.009 |
0.0020 |
|
|
2475E |
including |
59 |
70 |
11 |
5.764 |
0.005 |
0.600 |
0.449 |
0.020 |
0.0043 |
|
|
2475E |
including |
42 |
52 |
10 |
3.438 |
0.005 |
0.321 |
0.316 |
0.007 |
0.0021 |
Note: all holes are uncut and over core length; true width is
unknown at this time
The company believes that it will be
concentrating all its efforts at West Grid 4 in the upcoming field
exploration programs in 2013. Additional gridding and IP
geophysical surveying will be undertaken to close out the
geophysical, soil geochemical anomaly to the north prior to
implementing a Phase Two drill program at West Grid 4.
On the Blackwater East property, three holes
were completed to follow up on high-grade silver values recorded in
drill hole BWE12-06 during the company's phase one drilling
program. All the holes intersected a similar-type mineralized
structure as seen
in the hole BWE12-06 but reported no significant
values. Additional assaying of core sample pulps from hole BWE12-06
gave repeatable results in silver. RJK then submitted two pulp
samples from hole BWE12-06 to Overburden Drilling Management
Limited (ODM) of Nepean, Ontario
for further microscopic and qualitative x-ray examination. This
work determined that the probable cause for the high silver values
in BWE12-06 was due to silver solder being released from the drill
bit - most likely by drill bit destruction within the hole. ODM
reports that is not an isolated case to RJK. The Company is
establishing and evaluating other existing target areas on this
large land package at Blackwater East.
"We are extremely encouraged with the
preliminary drill results from West Grid 4 at Blackwater West,"
said Glenn Kasner, President of RJK.
"Even with only having three drill holes completed, of which two
tested the extreme outer flanks of this large anomaly on Section
5880900N, we are seeing highly anomalous values, metal associations
and rock types comparable to other large mineral deposits in the
Blackwater area such as the Ag-Au-Zn-Pb Capoose deposit which was
recently acquired by New Gold Inc. Additionally, and on this
section alone, hundreds of meters of considerably higher IP
chargeability signals as per the geology / stacked IP section
5880900N remain untested, suggesting that metal values could become
substantially more attractive here.
With approximately 600 meters of strike length
surveyed to date and with our current data base suggesting that
this anomaly may continue at least again that length to the north,
we are very much looking forward to fully delineating it by
geophysics early in the 2013 prior to initiating a second phase of
drilling. To this end, we will be applying to the ministry for a
less restrictive-type drill permit. We are also pleased that the
company has met all of its obligations and commitments and now
holds a 100% interest in both properties and as such, will now be
posting exploration results and images to the website." Map
of Anomaly
RJK is also pleased to announce that it has now
acquired by staking, a third large claim group in the Blackwater
Gold Camp located to the northeast of its Blackwater East &
Northeast claims. This new claim group, Blackwater North, consists
of 6,469.4 hectares. Blackwater Gold Camp Claim Map
(QA/QC was followed in sampling the core. The HQ core is
sawed in half for sampling. Standards, blanks and duplicates were
inserted into the stream of core samples every 20 metres. The core
was assayed at ALS Group at North
Vancouver, BC using 30 gram samples. The core samples were
analyzed using the fire assay method and AA finish for gold and ICP
for all other elements.)
Fred Sharpley PGeo., is the qualified person for
the Blackwater project and has approved the technical contents of
this news 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.
SOURCE RJK Explorations Ltd.