RJX.A
KIRKLAND LAKE, ON, Feb. 26, 2013 /CNW/ - RJK Explorations Ltd.
(RJX.A: TSX-V) ("RJK") wishes to announce that it has completed
additional ground exploration work on its 100% owned Blackwater
West property, located approximately 120 km south of Vanderhoof, BC and adjacent to New Gold Inc's
Blackwater multi-million ounce bulk tonnage gold deposit.
Recent gridding, magnetic and IP geophysical
surveying at West Grid 4 has further complemented and mostly closed
out a deposit scale sized high chargeability/resistivity anomaly
measuring approximately 600m by 1,400m. In addition, the expanded
survey has identified other interesting geophysical anomalies at
West Grid 4.
The 2012 exploration field season work had
partially delineated this anomaly with intimately associated
anomalous MMI soil geochemistry, however, site specific drill
permitting allowed for just two drill holes to be completed,
testing only the eastern and western extremities of the anomaly but
reporting metal values up to 23 grams Silver, 0.64% Zinc, 0.45%
Lead an 0.22% Copper. (see RJK news release of December 28, 2012)
"With the additional work this year, the West
Grid 4 area has become even more interesting," said Glenn Kasner, President. "It's a large area and
only increased drill density within it will tell the story. We are
seeing that the evolving gold/silver deposits in the Blackwater
Camp have a strong base metal signature in felsic rocks which is
similar to what we are seeing with limited drilling here at West
Grid 4."
A permit application for an extensive drill
program has already been submitted to the Ministry and it is
anticipated that the Company will commence drilling at this target
area as soon as these permits are received.
Interested parties may view the latest IP
geophysics at: http://tinyurl.com/a82uokt
Fred Sharpley,
PGeo./VP Exploration 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.