KIRKLAND LAKE, ON, Nov. 30, 2011 /CNW/ - RJK Explorations Ltd. (RJX.A: TSV) ("RJK") is pleased to provide an update to its exploration activities
on its 15,040 hectare Blackwater East, West Northeast and Dave2
properties, located in the Blackwater Gold Camp, approximately 100
kilometers southwest of Vanderhoof, B.C. The properties are contiguous
to the east and west of New Gold's Blackwater multi-million ounce bulk
tonnage gold deposit.
RJK has completed 22.1 line kilometres of ground IP geophysics on three
distinct grids WBW 1, EBW 1, and EBW 2 located on the Blackwater East,
West and Northeast Properties. RJK engaged the services of SJ
Geophysics Ltd to conduct the survey and undertake a detailed
interpretation of the results.
SJ Geophysics Ltd stated in their report:
"The survey results reveal several interesting regions within both claim
blocks that exhibit anomalous resistivity/chargeability features
possibly associated with epithermal type of sulphide mineralization…
WBW 1 grid reveals a flat-lying layered resistivity pattern in all
three short lines. The models for the westernmost line capture a
signature resembling the response from a epithermal system: a small
localized chargeability high feature appears in the resistivity contact
zone and is accompanied by a resistive cap. This anomaly is open to the
west. All lines show a resistive bottom layer in the models. The most
prominent chargeability anomalies occur on the EBW 1 grid where four
areas of interest are outlined based on the occurrences of
chargeability anomalies accompanied by resistive cap/plug and magnetic
lineaments. The four geophysical target areas surround a circular
magnetic high which is situated in the western portion of the grid.
South of the East 1 grid, two areas of interest, located in the
southwestern corner and eastern edge of EBW 2 grid respectively, are
outlined. The large southwestern corner chargeability high is situated
immediately north of a circular magnetic high and coincides with a
large resistivity high. It is possibly related to lithology or
alteration such as silicification. The chargeability anomalies in the
eastern edge area are weak responses and not well defined by the 2D
models. However, they appear to follow a north-northeast trend and are
accompanied by resistive caps. The area seems to be alteration related.
The small West 1 grid only covers a tiny portion of the Blackwater West
"We are delighted that our final stage of exploration to this year's
field season has further developed several large deposit scale size,
high quality chargeability IP targets which we believe are located
within an intrusive epithermal center. RJK plans to drill test these
targets as soon as the Provincial government drill permits are
received", said Glenn Kasner, President of RJK Explorations.
A compilation map of the RJK Blackwater East and Northeast Properties
along with associated 3D inverted resistivity and chargeability models
is now posted on the Company's website. Fred Sharpley, PGeo., a
qualified person under National Instrument 43-101, 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.
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