KIRKLAND LAKE, ON, Dec. 28, 2012 /CNW/ - RJK Explorations Ltd. (RJX.A: TSX-V) ("RJK") wishes to report on its Phase One drill program at Blackwater West and Phase Two drill program at Blackwater East, located in the Blackwater Gold Camp approximately 120 km southwest of Vanderhoof, B.C. In total, six holes were completed for approximately 1,313.3 meters. The two Blackwater claim groups are contiguous to the west and to the east, respectively, of New Gold Inc.'s Blackwater bulk tonnage gold deposit currently at 10.18 million ounces gold (indicated and inferred) and 65.7 million ounces silver (indicated and inferred).
At Blackwater West, earlier work by the Company, which consisted of airborne geophysics, IP ground geophysics and MMI-type geochemical soil sampling, had defined four target areas. Drill permits were approved for three of the four areas. At the West Grid 4 area, located in the southern portion of the property, work had defined a large open-ended north-south striking soil geochemical, IP geophysical and limited ZTEM airborne anomaly. All drilling to date at Blackwater West was completed at West Grid 4.
To comply with the company's approved drill permit, three drill holes were completed on section 5880900N at West Grid 4 prior to the suspension of the 2012 drill season. Grid 4 IP Chargeability
Drill hole BWW12-01 tested a strong geochemical and associated high resistivity IP geophysical anomaly and cored a wide section of geochemically anomalous zinc and silver values.
Drill holes BWW12-02 and 03 tested the western and eastern extremities of the main 600 meter wide target area at West Grid 4 and cut wide sections of highly anomalous silver, zinc and lead values in Rhyolite and Rhyolite Fragmental rocks. Results are reported in the following chart and on Section Map-IP Chargeability
| Blackwater West Grid 4 Property DDH composite table
Note: all holes are uncut and over core length; true width is unknown at this time
The company believes that it will be concentrating all its efforts at West Grid 4 in the upcoming field exploration programs in 2013. Additional gridding and IP geophysical surveying will be undertaken to close out the geophysical, soil geochemical anomaly to the north prior to implementing a Phase Two drill program at West Grid 4.
On the Blackwater East property, three holes were completed to follow up on high-grade silver values recorded in drill hole BWE12-06 during the company's phase one drilling program. All the holes intersected a similar-type mineralized structure as seen
in the hole BWE12-06 but reported no significant values. Additional assaying of core sample pulps from hole BWE12-06 gave repeatable results in silver. RJK then submitted two pulp samples from hole BWE12-06 to Overburden Drilling Management Limited (ODM) of Nepean, Ontario for further microscopic and qualitative x-ray examination. This work determined that the probable cause for the high silver values in BWE12-06 was due to silver solder being released from the drill bit - most likely by drill bit destruction within the hole. ODM reports that is not an isolated case to RJK. The Company is establishing and evaluating other existing target areas on this large land package at Blackwater East.
"We are extremely encouraged with the preliminary drill results from West Grid 4 at Blackwater West," said Glenn Kasner, President of RJK. "Even with only having three drill holes completed, of which two tested the extreme outer flanks of this large anomaly on Section 5880900N, we are seeing highly anomalous values, metal associations and rock types comparable to other large mineral deposits in the Blackwater area such as the Ag-Au-Zn-Pb Capoose deposit which was recently acquired by New Gold Inc. Additionally, and on this section alone, hundreds of meters of considerably higher IP chargeability signals as per the geology / stacked IP section 5880900N remain untested, suggesting that metal values could become substantially more attractive here.
With approximately 600 meters of strike length surveyed to date and with our current data base suggesting that this anomaly may continue at least again that length to the north, we are very much looking forward to fully delineating it by geophysics early in the 2013 prior to initiating a second phase of drilling. To this end, we will be applying to the ministry for a less restrictive-type drill permit. We are also pleased that the company has met all of its obligations and commitments and now holds a 100% interest in both properties and as such, will now be posting exploration results and images to the website." Map of Anomaly
RJK is also pleased to announce that it has now acquired by staking, a third large claim group in the Blackwater Gold Camp located to the northeast of its Blackwater East & Northeast claims. This new claim group, Blackwater North, consists of 6,469.4 hectares. Blackwater Gold Camp Claim Map
(QA/QC was followed in sampling the core. The HQ core is sawed in half for sampling. Standards, blanks and duplicates were inserted into the stream of core samples every 20 metres. The core was assayed at ALS Group at North Vancouver, BC using 30 gram samples. The core samples were analyzed using the fire assay method and AA finish for gold and ICP for all other elements.)
Fred Sharpley PGeo., is the qualified person for the Blackwater project and has approved 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.
For further information:
Glenn Kasner, President
Telephone: (705) 567-5351
Mobile: (705) 568-7567
James (604) 565-5967