RJK begins 2013 exploration program at Blackwater West, appoints a
VP Exploration, acquires additional claims, grants stock options
KIRKLAND LAKE, ON, Jan. 17, 2013 /CNW/ - RJK Explorations Ltd.
(RJX.A: TSX-V) ("RJK") is pleased to announce that the company
has begun its 2013 exploration program on its 100% owned Blackwater
properties, located approximately 120 km south of Vanderhoof, BC and adjacent to New Gold Inc's
Blackwater multi-million ounce bulk tonnage gold deposit.
Approximately 25 kilometers of additional
gridding is currently underway and will be followed-up with IP
geophysical and geochemical surveying, envisioned to close off a
large, 1.7 km long anomaly located at West Grid 4 on the Blackwater
West property where limited drilling last season has been highly
encouraging (see news release of December
28, 2012). Drill permitting for a phase 2 follow-up to this
and last seasons work is nearing completion.
RJK is also pleased to have recently acquired by
staking a number of claim groups for an additional 5,816 hectares
of lands within the evolving Blackwater Gold Camp, bringing its
total 100% owned land position of highly prospective lands to
approximately 27,000 hectares. The new claim groups have been added
to the map of the Blackwater Gold Camp on the RJK website at
www.rjkexplorations.com
RJK also announces that the company has
appointed Fred Sharpley, BA Sc,
PGeo. as Vice-President of Exploration. Fred is a seasoned
explorationist with over 50 years experience as a professional
geologist since graduating from the University
of Saskatchewan. He has been directly involved in
exploration for gold, silver, base metals and uranium in
Canada, Mexico, Central
America and Africa. Fred
worked for the Keevil Mining Group (now Teck Resources) for nine
years in exploration and as a mine geologist and has assisted
several junior and senior mining companies over the years,
including most recently, Detour Gold Corp.
The Company has granted an aggregate of
1,750,000 stock options to certain of its directors, officers and
employees. Each such stock option entitles the holder thereof to
acquire one Class A subordinate voting share of the Company at an
exercise price of $0.10 for a period
of 5 years from the date of grant.
RJK will be attending the Vancouver Resource
Investment Conference on January 20 -
21 with Booth number 741. We invite all interested parties
to visit us.
Forward Looking Statements: 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.
SOURCE RJK Explorations Ltd.