Business
Three drill holes from 1965 correspond with 2009 Mag Anomalies at RJK Explorations' Dorion South Platinum/Palladium/Cu/Ni Property, Thunder Bay North
KIRKLAND LAKE, ON, June 4 /CNW/ - RJK Explorations Ltd. (RJX.A: TSXV) ("RJK") has received the fi...
About this update from Rjk Explorations Ltd. Class A
[{"type":"text","content":"\n\n\n\nKIRKLAND LAKE, ON, June 4 /CNW/ - RJK Explorations Ltd. (RJX.A: TSXV)\n("RJK") has received the final VTEM data for its Dorion South\nPlatinum/Palladium/Cu/Ni Property and wishes to advise that the three previous\ndrill holes completed in 1965, which encountered gabbro and ended in\nperidotite, correspond with defined airborne magnetic anomalies. Geotech Inc.\nis completing magnetic modeling of the data which will then be correlated with\nexisting data to determine drill hole locations for the initial drilling\nprogram, scheduled to occur as soon as possible.\n\n\nRJK recently completed several private placements with the proceeds to be\nused to fund the drilling on its Dorion South property. It should also be\nnoted that Magma Metals (MMB - ASX), the Australian company with the initial\ndiscovery at Thunder Bay North, is aggressively moving ahead after completing\na $16 million private placement and finishing off a 31,000 m definition\ndrilling program. Magma has confirmed that their peridotite intrusion is part\nof a 5km-long magma conduit which could host a substantial Pt-Pd-Cu-Ni\ndeposit.\n\n\nInterested parties may view map of the 1965 drill holes and the 2009 VTEM\nAirborne survey on RJK's website.\n\n\nForward Looking Statements: This news release contains certain forward-\nlooking statements. These forward-looking statements are subject to a variety\nof risks and uncertainties beyond RJK's ability to control or predict which\ncould 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 forward-looking statements.\n\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider\naccepts responsibility for the adequacy or accuracy of this release.\n\nWeb Site: http://www.rjkexplorations.com\n\n\n","length":2033,"tagName":"div"}]