KIRKLAND LAKE, ON, Aug. 27 /CNW/ - RJK Explorations Ltd. ("RJK") (TSX VENTURE: RJX.A) announces that it has completed the first 7 holes of a reconnaissance drilling program on its Dorion South Platinum/Palladium Cu Ni Project.
Drilling was conducted in three areas on the property. Two of the areas were drill tested to confirm and expand on geological results obtained in a previous historic drill program completed in 1965 as well as in one other area to test a long, linear magnetic trend. Substantial intersections of magnetic gabbroic rocks with trace chalcopyrite mineralization were intersected in the drilling. A number of samples were submitted to Swastika Laboratories for assay and were found to contain only trace amounts of Cu, Ni, Au, Pt and Pd. Assaying was carried out at Swastika Laboratories. Standards, blanks and duplicates were used in the samples submitted for analysis.
Additional drilling has been recommended by the company's consultant to potentially locate the fissure vent(s) for a source of ultramafic peridotite. RJK intends to follow this recommendation by completing a series of vertical holes to depth at a number of sites specific to the strongest magnetic anomalies within the intrusions.
RJK also announces that it has completed staking a new property consisting of a substantial, roughly circular, magnetic anomaly northwest of Thunder Bay, Ontario, covering approximately 1500 hectares. RJK was informed of the potential of this feature by a local prospector with considerable knowledge of the area. Recent prospecting has revealed mafic - ultramafic rocks containing elevated copper values. A finder's fee will be paid to in accordance to TSXV regulations.
Forward Looking Statements: This news release contains certain forward-looking 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 forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Web Site: http://www.rjkexplorations.com