KIRKLAND LAKE, ON, Aug. 17, 2011 /CNW/ - RJK Explorations Ltd., (TSX
Venture: RJX.A) ("RJK") would like to provide an update to its ongoing
exploration activities on the 13,850 hectare Blackwater East, West and
Dave 2 properties, located in the Nechako Plateau Gold - Copper Belt
approximately 100 kilometers southwest of Vanderhoof, B.C.
The properties are contiguous both to the East and the West of the New
Gold Davidson-Blackwater multi-million ounce, bulk tonnage gold deposit
which is being delineated by a 40,000m - 50,000m drill program. In
addition, the East Blackwater property is contiguous to the south of
the Capoose gold/silver deposit (827,000 oz Au and 56.1 million oz Ag
indicated inferred) as well as contiguous to the north of the 3T's
vein-type gold deposit. Both of these deposits are held by Silver Quest
Resources Ltd.
RJK is now pleased to report that the company has completed
approximately 1,540 line kilometers of helicopter-borne ZTEM
geophysical surveying on its Blackwater East, West and Dave 2
properties. This work was implemented to compliment the Dighem V
airborne magnetic and electromagnetic survey completed last spring.
Additional geophysical interpretation is ongoing, however, RJK is
pleased to note that preliminary results suggest that several
deposit-scale targets have been identified. For that reason, an
immediate in the field follow-up of these target areas will begin,
consisting of line cutting and IP geophysical surveying for which
permits have already been received from the Provincial Government.
We are very encouraged by our exploration results to this point. With
most of the properties on the Plateau being almost entirely obscured by
glacial tills, they have seen little historic exploration. "From our
work over the last 10 months, utilizing modern exploration techniques,
high quality epithermal gold-silver and quite possibly gold-copper
porphyry-type targets are being developed which will be drill ready
later this year," said Glenn Kasner President of RJK.
Forward Looking Statements: includes statements contained in this news
release regarding discussions in respect of a potential acquisition and
funding arrangement and RJK's expectations regarding same and the
trading of its shares on the TSX Venture Exchange. This forward-looking
information reflects the current expectations or beliefs of RJK based
on information currently available to it. Forward-looking information
is subject to a number of risks and uncertainties that may cause the
actual results of RJK to differ materially from those discussed in the
forward-looking information, and even if such actual results are
realized or substantially realized, there can be no assurance that they
will have the expected consequences to, or effects on, RJK. Factors
that could cause actual results or events to differ materially from
current expectations include, but are not limited to: the failure of
RJK to enter into an agreement in respect of such arrangement; delays
in obtaining or failure to obtain any required regulatory and/or
shareholder approval; and other factors. Any forward-looking
information speaks only as of the date on which it is made. Although
RJK believes that the assumptions inherent in the forward-looking
information are reasonable, forward-looking information is not a
guarantee of future performance and accordingly undue reliance should
not be put on such statements due to the inherent uncertainty therein.
Neither 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.