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 widths unknown.
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 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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