RJK RECEIVES INITIAL DEMPSTER LAKE ASSAYS, TERMINATES LOI WITH ACH MINERA S.A.
12 4월 2011 - 5:26AM
PR Newswire (Canada)
KIRKLAND LAKE, ON, April 11 /CNW/ -- KIRKLAND LAKE, ON, April 11
/CNW/ - ("RJK") RJK Explorations Ltd. (TSX VENTURE: RJX.A) has
received initial gold assays for three holes completed on the
Dempster Lake Property located in Northwestern Ontario along the
Uchi Geological Domain 19 km southeast of the past producing
Barrick's Golden Patricia gold mine. Two holes (ADL‐11‐01 and
ADL‐11‐02) were drilled in the Arrowhead Lake area to test gold in
soil geochemical anomalies associated with airborne EM anomalies
along the Dempster Lake shear zone (DLSZ). One hole (LDL‐11‐01) was
drilled to test gold in soil anomalies further east along the DLSZ
at Lower Dempster Lake. Geochemically anomalous gold was
intersected in drilling hole ADL‐11‐01 (‐50 degrees) at Arrowhead
Lake associated with weak disseminated pyrite and magnetite over 8
m from 50.0 m to 58.0 m assaying 0.048 g/t Au in felsic tuff. Hole
ADL‐11‐01 assayed 0.337 g/t Au from 71.0 m to 73.0 m over a width
of 3.0 m including 1.21 g/t Au over 0.80 m in faulted banded felsic
tuff with associated pyrite and magnetite. Additional sampling is
required to close off the zone. Hole ADL‐11‐02 was drilled below at
‐65 degrees with insignificant results. At Lower Dempster Lake the
one drill hole (LDL‐11‐01) intersected a strong shear zone over
10.85 m from 35.0 to 45.85 m with highly oxidized material in mafic
volcanics. Additional sampling is required. True width is unknown
at this time. QA/QC was followed in sampling the core. Standards,
blanks and duplicates were inserted into the stream of core samples
every 20 m. The core was assayed at Swastika Laboratories using 30
gram samples. The core samples were analyzed using the fire assay
method and AA finish. Fred Sharpley, P.Geo. is the QP on the
Dempster Lake Property for the information contained in this press
release and is a Qualified Person within the meaning of National
Instrument 43‐101. The company would also like to report that it
has terminated the Letter of Intent with ACH Minera S.A Panama
City, of 10 October 2010. Under the terms of the letter, ACH were
to seek out properties of merit in Honduras and arrange the
necessary funding for the exploration and if warranted, development
of such resource properties. ACH has been unable to demonstrate its
ability to proceed with any of the objectives outlined in the LOI
as it appears the new Honduras Mining Law will not be passed any
time soon and since granting of new concessions and transfers of
existing mineral properties has been frozen pending the new Law,
RJK has decided to move forward and concentrate its efforts on the
Blackwater Gold Project in BC. Forward Looking Statements: 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 potential proceeds to be
raised in connection with the offering and 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 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 (such assumptions including that that the offering will
be completed) 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 To view this news release
in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/April2011/11/c3197.html
p Glenn Kasner, President & CEO ‐ Telephone: (705) 567‐5351 ‐
Mobile: (705) 568‐7567 ‐ E‐Mail: a
href="mailto:kasner1@ntl.aibn.com"kasner1@ntl.aibn.com/a /p
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