RJK Submits Blackwater Permit Applications, Contracts Condor Consulting
13 4월 2011 - 11:06PM
PR Newswire (Canada)
KIRKLAND LAKE, ON, April 13 /CNW/ -- KIRKLAND LAKE, ON, April 13
/CNW/ - RJK Explorations Ltd., (RJX.A: TSV) ("RJK") is pleased to
report that the company has submitted Notice of Work Permit
Applications with the BC Ministry of Forests, Lands and Natural
Resource Operations for the line cutting and 3D IP permits on its
13,850 hectare Blackwater East and Blackwater West properties. The
two properties adjoin and are contiguous to the Richfield Ventures
Corp. (RVC) Blackwater gold property located approximately 100
kilometers southwest of Vanderhoof, BC. Richfield recently reported
that their Blackwater Gold Deposit had a NI 43‐101 compliant
resource of an Indicated 53.37 million tonnes grading 1.06 g/t Au
and 5.6 g/t Ag for 1.83 million ounces Au and an Inferred 63.885
million tonnes grading 0.97 g/t Au and 4.2 g/t Ag for 2.00 million
ounces Au. This report triggered interest in Richfield which has
resulted in a takeover bid by New Gold Inc. (NGD) for Richfield
valued at $550 million. Richfield continues to drill the deposit
with the intent of expanding the resource as is shown in their
latest news release, dated April 12(th). RJK has contracted Condor
Consulting Inc., of Lakewood, Colorado to perform a more detailed
interpretation of the results of the Fugro 1,526 line kilometer
helicopter‐borne AEM survey of RJK's Blackwater East & West
properties. Condor is widely recognized as an expert in the field
of processing, modeling and analysis of geophysical data
specializing in inversion, visualization and geologically based
assessments and their comprehensive interpretation of the airborne
electromagnetic data will allow RJK to pinpoint specific target
areas. Condor will also be able to identify any additional target
areas that may have been missed in the initial interpretations of
the Fugro airborne data. 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. To view this news
release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/April2011/13/c3742.html
p bGlenn Kasner, President /bbr/ Telephone: (705) 567‐5351br/
Mobile: (705) 568‐7567br/ ua href="mailto:kasner1@ntl.aibn.com"
text-decoration="underline"kasner1@ntl.aibn.com/a/u /p
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