RJK Completes Drilling at Dempster Lake, ON - Receives Final AEM Data for Blackwater Claims, BC
16 3월 2011 - 11:10PM
PR Newswire (Canada)
KIRKLAND LAKE, ON, March 16 /CNW/ -- KIRKLAND LAKE, ON, March 16
/CNW/ - RJK Explorations Ltd. (TSXV: RJX.A) ("RJK" or the
"Company") wishes to report that it has completed an initial drill
program on the Dempster Lake Gold Property in Northwestern Ontario.
The Dempster Lake property is located within the prolific Uchi
greenstone belt approximately 19km southeast of Barrick's Golden
Patricia Mine, where 1.14 million tons grading 0.58 ounces/ton
(19.8 g/t Au) produced 635,000 oz Au. The two initial drill target
areas tested were the Dempster Lake Shear Zone (DLSZ) and the
Arrowhead Lake Zone situated a further 2.4 kilometers to the
north-west of DLSZ. Core logging and sampling is currently underway
at the Company's core logging/cutting facility in Kirkland Lake.
Assay results will be reported when received. The Company also
wishes to report that it has received the final report, digital and
hard copy products to the 100 meter flight line spaced Fugro
heliborne magnetic and electromagnetic survey conducted over the
Blackwater West and Blackwater East properties in the Blackwater
Gold District of British Columbia, 100km southwest of Vanderhoof.
RJK's Blackwater claim groups are contiguous to the gold discovery
of Richfield Ventures' which a recent NI43-101 report shows
contains an estimated indicated resource of 53.46 million tonnes of
1.06 g/t Au for 1.83 million oz. gold, with an additional 75.45
million tonnes of 0.96 g/t Au for 2.34 million oz. gold in the
inferred category. RJK is pleased to disclose that prominent
structural features, magnetic highs, lows as well as several high
priority conductive zones, have been outlined on each of RJK's
Blackwater Gold claim groups. A number of images of these surveys
may be viewed on the company's website. Forward-Looking Information
This news release contains forward-looking information which is not
comprised of historical facts. Forward-looking information involves
risks, uncertainties and other factors that could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Forward-looking information in this news release
includes, but is not limited to, the Company's anticipated use of
proceeds from the Offering. Factors that could cause actual results
to differ materially from such forward-looking information include,
but are not limited to, failure to obtain final TSX Venture
Exchange approval of the Offering, general business and economic
uncertainties, future mineral prices and adverse market conditions,
as well as those risks set out in the Company's public documents
filed on SEDAR. Although the Company believes that the assumptions
and factors used in preparing the forward-looking information in
this news release are reasonable, undue reliance should not be
placed on such information, which only applies as of the date of
this news release, and no assurance can be given that such events
will occur. The Company disclaims any intention or obligation to
update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, other than
as required by law. Neither the 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.rikexplorations.com To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/March2011/16/c3387.html
pGlenn Kasner, Presidentbr/ Telephone: (705) 567-5351br/ Mobile:
(705) 568-7567br/ Email: a
href="mailto:kasner1@ntl.aibn.com"kasner1@ntl.aibn.com/a /p
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