RJK Explorations receives drill permitting for Blackwater
RJX.A
KIRKLAND LAKE, ON, May 27, 2013 /CNW/ - RJK Explorations Ltd. (TSXV: RJX.A) (the "Company"), wishes to announce that the company has now received a multi-year, area based drill permit for its West Grid 4 anomaly located within the company's 100% owned 8,250 hectare Blackwater West Property in Central B.C.
The West Grid 4 anomaly is a north-south striking deposit scale sized 1,200 meter long by 300-500 meter wide moderate to high chargeability IP geophysical anomaly and having an intimately associated base metal soil anomaly over areas geochemically surveyed during the last field season. The West Grid 4 anomaly is located approximately 3 kilometers north-west of Independence Gold's "3Ts" gold/silver deposit, 16 kilometers south west of New Gold's "Davidson" gold/silver deposit and 23 kilometers south of New Gold's "Capoose" gold/silver deposit.
Two drill holes completed in the vicinity of the West Grid 4 anomaly last season returned highly anomalous disseminated and stringer type mineralization in Rhyolite and Rhyolite Fragmental rocks with the best intersection being, 23.1 g/t silver, 0.22% copper, 0.64% zinc, 0.12% lead over 2.0 meters in drill hole BWW12-02 and 2.78 g/t silver, 0.29% zinc, 0.24% lead over 37.0 meters (including 5.76 g/t silver, 0.60% zinc and 0.45% lead over 11.0 meters) in drill hole BWW12-03.
RJK intends to conduct drill testing of this anomaly as conditions permit.
Fred Sharpley, P.Geo., the Company's VP of Exploration and qualified person for the Blackwater project has reviewed and approved the contents of this news release.
Forward-Looking Information
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's anticipated use of proceeds from the Offering. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to obtain TSX Venture Exchange approval of the Offering, general business and economic uncertainties, future mineral prices and adverse market conditions, as well as those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the 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.
Glenn Kasner, President
Telephone: (705) 567-5351
Mobile: (705) 568-7567
[email protected]
Vancouver Office:
James (604) 565-5967
[email protected]
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