RJK OPTIONS WEST BLACKWATER GOLD PROPERTY ON NECHAKO PLATEAU
03 12월 2010 - 12:10AM
PR Newswire (Canada)
KIRKLAND LAKE, ON, Dec. 2 /CNW/ -- KIRKLAND LAKE, ON, Dec. 2 /CNW/
- RJK Explorations Ltd., (RJX.A: TSV) ("RJK") wishes to announce
that it has entered into a property option agreement whereby RJK
can acquire an undivided 100% interest in 18 claims covering 8,250
hectares in the prolific Nechako Plateau, called the "West
Blackwater Gold Property." The West Blackwater Gold Property is
located in central British Columbia, approximately 110 km by road
southwest of Vanderhoof. The optioned claims lie to the
west-southwest and are contiguous to the Blackwater Project of
Richfield Ventures Corp. (RVC). Investor interest in the Richfield
Blackwater gold discovery has resulted in the blanket staking of
the Nechako plateau area surrounding Richfield. This was triggered
by a Richfield news release on Jan.5/2010 that announced -"The
entire hole averaged 1.25 g/t Au over a sampled length of 329.2
metres from bedrock to the bottom of the hole." Recently, on
Nov.23/2010, Richfield issued another news release with these drill
results -"with 171 metres of 3.13 g/t Au, BW 91 is one of our best
intersections to date and BW 90 extends the zone to the east,
leaving it open in that direction." RJK Explorations intends to
conduct a heli-borne magnetic and electromagnetic survey on the
West Blackwater Gold property in order to identify targets for
follow-up exploration in the spring. It should be noted that the
property lies within the mountain pine beetle affected area of
central British Columbia, in which exploration expenses are
eligible for an enhanced tax credit rate of 30 per cent. To
exercise the option on the West Blackwater Gold Property, the
Company must make cash and share payments over a three year period
totaling $255,000 cash ($55,000 on signing) 1,200,000 shares
(500,000 on signing) $750,000 in work commitments ($250,000 in year
one). The property is also subject to a 2% net smelter return
royalty, of which 1% may be purchased from the vendor for
$1,000,000. Forward Looking Statements: This news release contains
or refers to forward-looking information. All statements, other
than statements of historical fact, that address activities, events
or developments that RJK believes, expects or anticipates will or
may occur in the future are forward-looking information. Such
forward-looking information 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. Web
Site:http://www.rjkexplorations.com p/p table border="0"trtdGlenn
Kasner, Presidentbr/ Telephone: (705) 567-5351br/ Mobile: (705)
568-7567br/ a
href="mailto:kasner1@ntl.aibn.com"kasner1@ntl.aibn.com/a/td td
valign="top" align="left"Vancouver Office:br/ James (604)
565-5967br/ a
href="mailto:james@rjkexplorations.com"james@rjkexplorations.com/a/td/tr/table
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