RJK expands large IP anomaly at Blackwater West Grid 4, discovers more
KIRKLAND LAKE, ON, Feb. 26, 2013 /CNW/ - RJK Explorations Ltd. (RJX.A: TSX-V) ("RJK") wishes to announce that it has completed additional ground exploration work on its 100% owned Blackwater West property, located approximately 120 km south of Vanderhoof, BC and adjacent to New Gold Inc's Blackwater multi-million ounce bulk tonnage gold deposit.
Recent gridding, magnetic and IP geophysical surveying at West Grid 4 has further complemented and mostly closed out a deposit scale sized high chargeability/resistivity anomaly measuring approximately 600m by 1,400m. In addition, the expanded survey has identified other interesting geophysical anomalies at West Grid 4.
The 2012 exploration field season work had partially delineated this anomaly with intimately associated anomalous MMI soil geochemistry, however, site specific drill permitting allowed for just two drill holes to be completed, testing only the eastern and western extremities of the anomaly but reporting metal values up to 23 grams Silver, 0.64% Zinc, 0.45% Lead an 0.22% Copper. (see RJK news release of December 28, 2012)
"With the additional work this year, the West Grid 4 area has become even more interesting," said Glenn Kasner, President. "It's a large area and only increased drill density within it will tell the story. We are seeing that the evolving gold/silver deposits in the Blackwater Camp have a strong base metal signature in felsic rocks which is similar to what we are seeing with limited drilling here at West Grid 4."
A permit application for an extensive drill program has already been submitted to the Ministry and it is anticipated that the Company will commence drilling at this target area as soon as these permits are received.
Interested parties may view the latest IP geophysics at: http://tinyurl.com/a82uokt
Fred Sharpley, PGeo./VP Exploration has reviewed 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.For further information:
Glenn Kasner, President
Telephone: (705) 567-5351
Mobile: (705) 568-7567
James (604) 565-5967