KIRKLAND LAKE, ON, Sept. 20, 2012 /CNW/ - RJK Explorations Ltd. (RJX.A: TSV) ("RJK") has started drilling at the site of its high grade silver
discovery on the Blackwater Northeast property, located in the
Blackwater Gold Camp approximately 100 km southwest of Vanderhoof, B.C.
This claim group is contiguous to the east of New Gold Inc.'s
Blackwater bulk tonnage gold deposit currently shown at 9.6 million
ounces gold (indicated and inferred) and 58.4 million ounces silver
(indicated and inferred).
The Company's silver discovery in June was a high grade intersection of
3.3m of 2,710 gm/t silver (10.8 ft of 79.04 oz/t silver) with true
Since then, detailed ground magnetic surveying, drill hole
interpretation and MMI soils suggests a north westerly striking,
steeply to vertically dipping contact between the felsic volcanics and
sediments. The MMI soil sampling also indicates a weak silver anomaly
in deep overburden along this contact over a tested strike length of
approximately 600 meters.
This drilling program will consist of a series of angled holes starting
from the discovery hole to test this contact.
At Blackwater West, approximately 18.5 km of Phase-Domain Induced
Polarization surveying and MMI soil sampling was recently completed
over four grids. Interpretation by the company's consulting
geophysicist indicates that there is a significant volume of potential
sulphide mineralization on all four grids, particularly on Grid 4
located at the southern part of the property.
On Grid 4, a resistive and chargeable corridor that contains a 350
meter-wide north-south by 600 meter-long open ended anomaly has been
outlined. MMI soil sampling results also indicate a Zinc, Silver and
erratic Gold anomaly here. It is believed that the geophysical anomaly
located on Grid 4 may be an extension of the mineralization located on
the 3Ts Property, located just 3 km to the south where Independence
Gold has announced a total inferred resource of 394,383 oz gold and
9,894,835 oz silver.
All the anomalies on Blackwater West are open to expansion by further
geophysical work and RJK anticipates drill testing these highly
potential areas with the same drill crew following the completion of
drilling on Blackwater Northeast.
Fred Sharpley, PGeo., the qualified person for the Blackwater Project
has reviewed and approved the technical information contained in this
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