RJK Options Blackwater Northeast Property, Central BC

KIRKLAND LAKE, ON, Sept. 1, 2011 /CNW/ - RJK Explorations Ltd., (RJX.A: TSXV) ("RJK") is pleased to announce that it has entered into a property option agreement in the Blackwater Gold District, south of Vanderhoof, Central BC, whereby RJK can acquire a 100% interest in 3 mineral tenures covering approximately 970 hectares called the "Blackwater Northeast Property".

The Blackwater Northeast Property is contiguous to and adjoins RJK's Blackwater East Property. When it is combined with the Blackwater West and East and Dave 2 properties, RJK's claim groups will cover approximately 15,000 hectares located on the highly prospective Plateau Gold-Copper Belt. These claim groups all adjoin New Gold's Davidson-Blackwater multi-million ounce gold deposit currently being further delineated by a 40-50,000 meter diamond drilling program in a $20 million exploration budget.

Glenn Kasner, President of RJK Explorations comments, "We are delighted to have been able to acquire these additional lands to complement our current holdings. RJK wanted to acquire the Blackwater Northeast Property in order to provide coverage of an intrusive complex that was recently identified by the Dighem V and the just completed ZTEM airborne geophysical surveys.

To exercise the option on the Blackwater Northeast Property, the company must make cash and share payments and complete work commitments over a three year period totaling $57,500 cash ($7,500 on signing) 1,750,000 shares (250,000 on signing) and $350,000 in work commitments ($50,000 in year one). The property is also subject to a 3% net smelter return royalty, of which 1.5% may be purchased from the vendor for $2,000,000.

The company's current land holdings may be viewed on its website located at www.rjkexplorations.com

Forward Looking Statements: This news release contains or refers to forward-looking information. All statements, other than statements of historical fact, that address activities, events or developments that RJK believes, expects or anticipates will or may occur in the future are forward-looking information. Such forward-looking information 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.

Web Site: http://www.rjkexplorations.com                                                                                                                          


SOURCE RJK Explorations Ltd.

For further information:

Glenn Kasner, President
Telephone: (705) 567-5351
Mobile:       (705) 568-7567 
kasner1@ntl.aibn.com
Vancouver Office:
James (604) 565-5967
james@rjkexplorations.com

 

Profil de l'entreprise

RJK Explorations Ltd.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.