KIRKLAND LAKE, ON, June 19, 2012 /CNW/ - RJK Explorations Ltd., (RJX.A: TSX-V) - Drill hole BWE12-06, as reported on Wednesday, June 13, 2012, was a vertically drilled, NQ size hole that intersected a mineralized section over a 3.3 metres core length starting at a vertical depth of 79 metres. This intersection was reported as 2,710 parts per million (ppm) silver, which is equivalent to a more commonly recognized result of 2,710 grams silver/tonne or 79.04 ounces silver/ton. The second silver intersection, located 6.62 metres further down the hole, was reported as 38.9 ppm silver and is the equivalent of 38.9 grams silver/tonne or 1.13 ounces silver/ton. In other words, RJK drilled a high grade intersection of a potential silver discovery.
RJK considers these silver intersections to be very significant. Additional geological/structural interpretation, geophysical and geochemical work will be completed prior to a follow-up drill program utilizing a drilling procedure - reverse circulation - better suited to the rock formations encountered by the core drilling. Reverse circulation drilling will provide a larger sample size and better recovery of any of the mineralized zones encountered in the core drilling.
Blackwater West Claims
RJK Explorations has also resumed exploration on the Blackwater West and Dave 2 properties with a field crew currently on the ground. Initial exploration work will consist of follow-up prospecting, soil sampling, line cutting and IP geophysical surveying to add to the exploration work done in 2011. Once completed and following receipt of government issued permits, RJK intends to begin a drill program to test a minimum of 4 targets that have already been identified.
RJK is highly encouraged by the initial results and the potential of its two claim groups in the Blackwater Gold camp and advises interested parties to sign up on the RJK web site - www.rjkexplorations.com - for further updates on the Company's exploration efforts.
Ian Webster, P. Geo., is the qualified person, as defined by NI 43-101, for the Blackwater Properties and 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.
For further information:
Glenn Kasner, President
Telephone: (705) 567-5351
Mobile: (705) 568-7567