KIRKLAND LAKE, ON, March 9 /CNW/ - In early 2005 RJK Explorations Ltd.
("RJK" ) acquired through staking a 1,300 acre property near Churchill,
Manitoba to cover ground the principals of the company had worked on during
the last Uranium Market in the early 1970s. Recently, the company added to
that land position by staking an additional 7,700 acres for a total of 9,000
acres or 14 square miles. All of these claims are 100% owned by RJK.
The mineral claims cover several unexplored radioactive showings where
previous work had been limited to prospecting and shallow trenching. Chip
sampling from one of the trenches returned an average grade of 1/2 lb U3O8 and
1 to 3 grams gold per ton with individual grab samples reporting somewhat
higher values. Property visits in the 1970s were conducted by several major
companies during which an additional uraniferous occurrence carrying gold
values up to 2.27 grams gold per ton was located (personal communication with
Nelson W. Baker, P.Eng., Esso Minerals, 1973).
It was postulated by geologists who had visited the uraniferous trenches
located along the coast of Hudson Bay, that with the exposure to saline
waters, that there was a strong possibility of surface leaching, as in the
case of Elliott Lake. This would indicate that there may be somewhat higher
uranium values at depth. The property had been surveyed by airborne geophysics
and received limited ground follow-up at that time. Due to falling uranium
prices during that era, no further work was carried out on the property and it
has remained dormant until now.
The mineralization on the property is hosted within the Omarolluk
Formation sediments consisting of Quartzite and Quartz-pebble conglomerates.
Quartz-pebble conglomerate deposits are an important host for uranium deposits
and make up 13% of the world's uranium resources with the best known examples
being Canada's Elliott Lake (Uranium) and South Africa's Witwatersrand (Gold -
The property is easily accessible, has a deep water seaport, railway,
townsite and road access all within 3 to 5 miles of the showings. Since this
property has never been drilled, the company plans to conduct a drilling
program to determine the uranium and gold values at depth and the extent of
the quartz-pebble conglomerate horizon. Technical contents of this news
release were read and approved by Nelson Baker P.Eng. in a previously issued
news release issued by the company on April 13, 2005. Mr. Baker is a person
qualified under NI 43-101.
RJK recently completed a non-brokered unit financing and is currently
updating its web site at www.rjkexplorations.com where a map of the Churchill
Uranium project area is now available. RJK is aggressively looking at
acquiring other uranium opportunities, either through staking or by
RJK Explorations Ltd. is a publicly traded junior exploration company
with uranium, gold and base-metal properties. The company is taking an
aggressive hands-on approach to its current portfolio of projects as well as
acquiring additional exploration projects when the capital and opportunity
Forward Looking Statements:
This news release contains certain forward-looking statements. These
forward-looking statements are subject to a variety of risks and uncertainties
beyond RJK's ability to control or predict which could cause actual events or
results to differ materially from those anticipated in such forward-looking
statements. Although RJK believes that the assumptions inherent in the
forward-looking statements are reasonable, undue reliance should not be placed
on these forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept the
responsibility for the adequacy or accuracy of this release.
www.rjkexplorations.com TSX-Venture Exchange: RJX.SV.A
For further information:
For further information: RJK Explorations Ltd. Glenn Kasner, President,
Telephone: (705) 567-5351, Telephone: (705) 567-5557, E-Mail: