Exploration Update on RJK's Blackwater East, North East Claims

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

                         

SOURCE: RJK Explorations Ltd.

Glenn Kasner, President
Telephone: [phone]
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Vancouver Office:
James [phone]
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