Jul. 6, 2011 (Canada NewsWire Group) --
KIRKLAND LAKE, ON, July 6, 2011 /CNW/ - RJK Explorations Ltd., (RJX.A: TSV) ("RJK") is pleased to provide an update to its exploration activities on the 13,850 hectare Blackwater East, West and Dave 2 properties, which are contiguous to and adjoining New Gold Inc.'s 43-101 compliant multi-million ounce Davidson-Blackwater bulk-tonnage gold deposit located approximately 100 kilometers southwest of Vanderhoof, B.C.
Prospecting crews have completed preliminary prospecting, sampling and mapping of the properties. First phase soil sampling over selected sites on the Blackwater East Property has also been completed and all samples have been submitted for analysis.
Despite extensive glacial till cover, prospecting efforts have been very successful in locating mineralized, altered and brecciated Rhyolites on the properties similar to rocks hosting the Davidson-Blackwater gold deposit. Assays are pending from these sites.
In addition, RJK has contracted Geotech Ltd., to fly their Z-Axis Tipper Electromagnetic System (ZTEM) over the properties. "We feel that the utilization of this system is best suited for what we are looking to find at Blackwater," said Glenn Kasner, President of RJK. "This system has superior depth penetration, low frequency for penetration through conductive overburden and excellent resistivity discrimination and detection of weak anomalies."
The survey crew and gear is now being mobilized to site with the survey to begin on or about July 10th.
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.
| Glenn Kasner, President | Vancouver Office: |
| Telephone: (705) 567-5351 | James (604) 565-5967 |
| Mobile: (705) 568-7567 | james@rjkexplorations.com |
| kasner1@ntl.aibn.com |
Web Site: http://www.rjkexplorations.com
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