Business
RJK Explorations Hires W.A. Hubacheck and Associates as Project Manager for the Nipissing Diamond Project, Signs Second Option with Power Group Projects Corp.
Kirkland Lake, Ontario--(Newsfile Corp. - January 10, 2020) - RJK Explorations Ltd. (TSXV: RJ...
About this update from Rjk Explorations Ltd. Class A
[{"type":"text","content":"RJK Explorations Hires W.A. Hubacheck and Associates as Project Manager for the Nipissing Diamond Project, Signs Second Option with Power Group Projects Corp.Kirkland Lake, Ontario--(Newsfile Corp. - January 10, 2020) - RJK Explorations Ltd. (TSXV: RJX.A) (OTC: RJKAF) (\"RJK\" or the \"Company\") is pleased to announce the engagement of W. A. Hubacheck Consultants Ltd., as the project manager for the Nipissing Diamond project in the Temiskaming region, south of Cobalt, Ontario.The Hubacheck family has an accomplished history in Cobalt and the Temiskaming region. Peter Hubacheck. P. Geo., President of the firm, led an exploration team on behalf of Sudbury Contact Mines, an affiliate of Agnico Eagle Mines, discovering four diamondiferous kimberlite pipes, including the 95.1 and 95.2 pipes, in the Northern Temiskaming Structural Zone near Twin Lakes, approximately 20 kilometers north of the RJK's project. In 2011, Peter recognized the diamond potential of the Lorrain granites, south of Cobalt, and set up a private exploration syndicate to search for kimberlites in this area. Due to economic conditions, the ground reverted back to the crown, before Tony Bishop started acquiring claims in the area.Peter Hubacheck states, \"Significant till and alluvial geochem data will be added to RJK's database in 2020, and prioritizing targets for drilling will be crucial to the success of RJK. The land position RJK has acquired has multiple prospective zones for kimberlites; some drill-ready, with others requiring further research. I appreciate the opportunity to join RJK's exploration team allowing me to follow in the path of historic exploreationists unlocking the mineral potential of the Cobalt Camp and possibly discovering the source of the Nipissing Diamond.\"In addition, the Company has entered into a second option agreement with Power Group Projects Corp., (PGPC) consisting of 24 mineral claims located in Lorrain Township, approximately eight kilometres southeast of Cobalt, Ontario. Under the terms of the agreement, RJK Explorations Ltd will pay $5,000 cash per year, for a period of three years, for a total of $15,000. RJK Explorations Ltd will have the right to identify, sample and drill test, with one diamond drill hole, any identified potential Kimberlite targets within PGPC's land position. The balance of the PGCP agreement terms ...