Business
RJK Details Newly Staked Buda Property
KIRKLAND LAKE, ON, Sept. 2 /CNW/ - RJK Explorations Ltd. ("RJK") (TSX VENTURE: RJX.A) wishes to p...
About this update from Rjk Explorations Ltd. Class A
[{"type":"text","content":"\n\n\n\nKIRKLAND LAKE, ON, Sept. 2 /CNW/ - RJK Explorations Ltd. ("RJK") (TSX\nVENTURE: RJX.A) wishes to provide further details of the recently staked Buda\nProperty.\n\n\nRJK has staked 1,570 hectares in 98 claim units to form the Buda\nProperty, located in the northern parts of Goldie and Forbes Townships and\nsituated approximately 85 kilometers northwest of Thunder Bay, Ontario. The\nBuda Property was acquired to cover a roughly circular magnetic anomaly\npartially defined by the 1991 OGS Shebandowan Airborne Magnetic and\nElectromagnetic Survey. Management believes that this feature may represent a\nsubstantial magmatic intrusive complex and a favorable setting to host Cu, Ni,\nPt, Pd mineralization similar to the past producing CVRD-Inco Shebandowan\ndeposit (8.7mt 2.06% Ni, 1.0% Cu, 3g/t 2PGE +Au) now under option to North\nAmerican Palladium Ltd., and located approximately 35 kilometers to the east\nof the Buda Property.\n\n\nRJK has contracted Geotech Ltd. to fly its VTEM geophysical system at 100\nmeter flight line spacing to better define the magnetic highs and existing EM\nanomalies already located during the 1991 survey, as well as to survey the\nremaining area which contains additional magnetic anomalies outlined by a\nhistoric regional airborne magnetic survey. As stated in the Aug. 27th news\nrelease, recent prospecting has revealed mafic-ultramafic rocks containing\nelevated copper values.\n\n\nForward Looking Statements: This news release contains certain\nforwardlooking statements. These forward-looking statements are subject to a\nvariety of risks and uncertainties beyond RJK's ability to control or predict\nwhich could cause actual events or results to differ materially from those\nanticipated in such forward-looking statements. Although RJK believes that the\nassumptions inherent in the forward-looking statements are reasonable, undue\nreliance should not be placed on these forwardlooking statements.\n\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider\naccepts responsibility for the adequacy or accuracy of this release.\n\n\n","length":2183,"tagName":"div"}]