Mar. 16, 2011 (Canada NewsWire Group) --
KIRKLAND LAKE, ON, March 16 /CNW/ - RJK Explorations Ltd. (TSXV: RJX.A) ("RJK" or the "Company") wishes to report that it has completed an initial drill program on the Dempster Lake Gold Property in Northwestern Ontario. The Dempster Lake property is located within the prolific Uchi greenstone belt approximately 19km southeast of Barrick's Golden Patricia Mine, where 1.14 million tons grading 0.58 ounces/ton (19.8 g/t Au) produced 635,000 oz Au.
The two initial drill target areas tested were the Dempster Lake Shear Zone (DLSZ) and the Arrowhead Lake Zone situated a further 2.4 kilometers to the north-west of DLSZ. Core logging and sampling is currently underway at the Company's core logging/cutting facility in Kirkland Lake. Assay results will be reported when received.
The Company also wishes to report that it has received the final report, digital and hard copy products to the 100 meter flight line spaced Fugro heliborne magnetic and electromagnetic survey conducted over the Blackwater West and Blackwater East properties in the Blackwater Gold District of British Columbia, 100km southwest of Vanderhoof. RJK's Blackwater claim groups are contiguous to the gold discovery of Richfield Ventures' which a recent NI43-101 report shows contains an estimated indicated resource of 53.46 million tonnes of 1.06 g/t Au for 1.83 million oz. gold, with an additional 75.45 million tonnes of 0.96 g/t Au for 2.34 million oz. gold in the inferred category.
RJK is pleased to disclose that prominent structural features, magnetic highs, lows as well as several high priority conductive zones, have been outlined on each of RJK's Blackwater Gold claim groups. A number of images of these surveys may be viewed on the company's website.
Forward-Looking Information
This news release contains forward-looking information which is not
comprised of historical facts. Forward-looking information involves
risks, uncertainties and other factors that could cause actual events,
results, performance, prospects and opportunities to differ materially
from those expressed or implied by such forward-looking information.
Forward-looking information in this news release includes, but is not
limited to, the Company's anticipated use of proceeds from the
Offering. Factors that could cause actual results to differ materially
from such forward-looking information include, but are not limited to,
failure to obtain final TSX Venture Exchange approval of the Offering,
general business and economic uncertainties, future mineral prices and
adverse market conditions, as well as those risks set out in the
Company's public documents filed on SEDAR. Although the Company
believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable, undue
reliance should not be placed on such information, which only applies
as of the date of this news release, and no assurance can be given that
such events will occur. The Company disclaims any intention or
obligation to update or revise any forward-looking information, whether
as a result of new information, future events or otherwise, other than
as required by law.
Neither the 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.
Web Site: http://www.rikexplorations.com
Glenn Kasner, President
Telephone: (705) 567-5351
Mobile: (705) 568-7567
Email: kasner1@ntl.aibn.com