KIRKLAND LAKE, ON, Sept. 2 /CNW/ - RJK Explorations Ltd. ("RJK") (TSX VENTURE: RJX.A) wishes to provide further details of the recently staked Buda Property.
RJK has staked 1,570 hectares in 98 claim units to form the Buda Property, located in the northern parts of Goldie and Forbes Townships and situated approximately 85 kilometers northwest of Thunder Bay, Ontario. The Buda Property was acquired to cover a roughly circular magnetic anomaly partially defined by the 1991 OGS Shebandowan Airborne Magnetic and Electromagnetic Survey. Management believes that this feature may represent a substantial magmatic intrusive complex and a favorable setting to host Cu, Ni, Pt, Pd mineralization similar to the past producing CVRD-Inco Shebandowan deposit (8.7mt 2.06% Ni, 1.0% Cu, 3g/t 2PGE +Au) now under option to North American Palladium Ltd., and located approximately 35 kilometers to the east of the Buda Property.
RJK has contracted Geotech Ltd. to fly its VTEM geophysical system at 100 meter flight line spacing to better define the magnetic highs and existing EM anomalies already located during the 1991 survey, as well as to survey the remaining area which contains additional magnetic anomalies outlined by a historic regional airborne magnetic survey. As stated in the Aug. 27th news release, recent prospecting has revealed mafic-ultramafic rocks containing elevated copper values.
Forward Looking Statements: This news release contains certain forwardlooking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond RJK's ability to control or predict which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Although RJK believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these forwardlooking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.