Drilling started on Dempster Lake Gold Property in the Meen-Dempster Greenstone Belt, 19km SE of Golden Patricia Mine, Northwest
23 2월 2011 - 12:15AM
PR Newswire (Canada)
KIRKLAND LAKE, ON, Feb. 22 /CNW/ -- KIRKLAND LAKE, ON, Feb. 22
/CNW/ - RJK Explorations Ltd., (RJX.A: TSV) ("RJK") announces that
drilling has now begun at the Dempster Lake Gold property in
Northwestern Ontario, located southwest of Pickle Lake and just
19km southeast of Barrick's Golden Patricia Mine, whose output was
1.14 million tons grading 0.58 ounces/ton (19.8 g/t Au) producing
635,000 oz Au. RJK's Dempster Lake Gold property has two initial
target areas: Lower Dempster Lake Target (1) a lake-covered zone of
strong iron carbonate alteration, the Dempster Lake Shear Zone
("DLSZ") at Lower Dempster Lake, with massive replacement ferroan
dolomite outcrops on the lake shore. The DLSZ as a zone of
intensive shearing runs E-NE through the center of this small lake.
This is the same iron-carbonate that is associated as veining with
the Pickle Crow mine mineralization at Pickle Lake and that occurs
as a pervasive zone of iron carbonate within the mine trend that
encloses the prolific Campbell and Red Lake (Dickenson) mines at
Red Lake. The DLSZ is structurally similar to the Bear Head Fault
in central Uchi subprovince that hosts the Golden Patricia mine
deposit, according to the Ontario Geological Survey's regional
report, (2) there is a transpressional dilational bend on the DLSZ
(similar to the Hemlo transpressional bend) in the area of the iron
carbonate which is within the target area. Interestingly, the
sinstral transpressional shear zone or restraining bend at Hemlo is
a 20-degree dogleg bend compared with about a 20 to 25-degree
dogleg bend at Lower Dempster Lake. Such structures are ideal for
the transmission of hydrothermal gold in carbonate-rich fluids in
permeable dilation zones from great depths during the late Archean
period of gold deposition in Ontario. (3) there is carbonate
alteration in the mafic volcanics extending 1,600 m across strike
in this target area and ferrodolomite hydrothermal rock being
proximal to the DLSZ over an interpreted width of 220 m suggesting
a target like the "Mine Trend" at Red lake or the Eskay Creek
deposit, (4) there are 52 anomalous humus gold sample sites
immediately on the southern side of this target zone extending over
1,600 m on strike and 250-300 m across strike on the south side of
Lower Dempster Lake with values up to 140 ppb gold. Arrowhead Lake
Target (5) some 2.4 kilometers to the west-northwest of this target
zone is a second target zone called the Arrowhead Lake zone. This
drill target is defined by a second humus gold target overlying a
swamp with high anomalous gold values ranging from 10 to 55 ppb
gold over a 100-meter width coincident with a magnetic low and HLEM
conductor. The peak gold in humus values of 50 and 55 ppb gold are
as high as the peak 55 ppb gold value in humus reported over the
Page Williams mine's ore body at Hemlo as reported by Fortescue of
the Ontario Geological Survey. Both the Ontario Gold Joint Venture
during the 1980's and Cochenour Willans Gold Mines Ltd. during the
1970's recommended drilling this Arrowhead Lake EM target and gold
anomalous area in their Assessment File Reports, but they did not
conduct the drilling as was first recommended. Both the Lower
Dempster Lake and Arrowhead Lake targets will be tested in this
current drilling. Dempster Lake Gold Property maps can be viewed
at: http://www.rjkexplorations.com/pj_Dempster.html Update on RJK's
Blackwater Gold Project, BC: Currently, the heli-borne survey data
is undergoing final interpretation to determine areas on RJK's two
claim blocks for further exploration and drilling later this year.
Maps of the Blackwater Gold District can be viewed at:
http://www.rjkexplorations.com/pj_blackwater.htm Donald Brown,
Ph.D., P.Geo.,is a qualified person as defined by National
Instrument 43-101 and has reviewed the content of this press
release. 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. Forward Looking Statements: This news
release contains or refers to forward-looking information, as
defined by law including without limitation Canadian securities
laws and the "safe harbor" provisions of the US Private Securities
Litigation Reform Act of 1995 ("forward-looking statements"). 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. To view this news release in
HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/February2011/22/c4829.html
pGlenn Kasner, Presidentbr/ Telephone: (705) 567-5351br/ Mobile:
(705) 568-7567br/ Email: ua text-decoration="underline"
href="mailto:kasner1@ntl.aibn.com"kasner1@ntl.aibn.com/a/u/p
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