KIRKLAND LAKE, ON, April 2 /CNW/ - RJK Explorations Ltd. (RJX.A: TSXV) ("RJK") is pleased to announce that it has completed a helicopter-borne Tri Axial Mounted Gradiometer Survey of the Dorion South property in the Magma Metals Platinum-Palladium Discovery Camp, 60 km northeast of Thunder Bay.
The initial field data indicates that there are several extensive areas of high magnetic signals within the claim group, one of which corresponds to 3 short (averaging 135 foot depth) and widely spaced drill holes drilled in 1965 which had intersected and ended in peridotite and containing chalcopyrite specks (from OJA Exploration Drill Management Diamond Drill Logs, October 1965). A map showing the final airborne data will be posted on the Company's website once it is received.
Based on these magnetic results, RJK has contracted Geotech Inc. to fly their VTEM Time Domain EM System over the property to help locate discrete conductive anomalies and map lateral and vertical variations in resistivity. RJK is extremely encouraged by the survey and the historic drill results which may represent areas of mafic-ultramafic intrusions that have the potential to host Ni-Cu-PGM deposits similar to the Magma Metals discovery located approximately 19 km west of RJK's property or other magmatic deposits such as Kennecott Explorations' "Eagle Deposit", a Ni-Cu-PGM deposit located in a small Keweenawan Peridotite intrusion on the south side of Lake Superior. The Eagle deposit contains an indicated resource of 3.6Mt of 3.8% Ni, 3.0% Cu. 1.6g/t Pt+Pd+Au.
The majority of the Magma Metals drilling results to date have been in disseminated sulphide mineralization; however, recent drilling has encountered massive sulphides... i.e. "a subtle magnetic anomaly between the Current Lake and Beaver Lake areas. The western end of this anomaly is coincident with net-textured and massive sulphides intersected in drill-hole TBND136 which returned 6.0m @ 11.62g/t Pt+Pd, 2.19% Cu & 0.92% Ni, including 0.65m @ 38.00g/t Pt+Pd, 8.90% Cu & 1.29% Ni" (from Magma Metals Limited News Release, dated March 19, 2009).
RJK considers the Magma Metals Platinum-Palladium Thunder Bay North Discovery to be one of the more significant discoveries in Ontario over the last few years. The length of the intersections, the 1-1 ratio of Platinum to Palladium combined with good values in Copper and Nickel, and its readily accessible location all indicate the immense potential for this Discovery and the rest of the Camp. The prospects for the discovery of other similar deposits in mafic-ultramafic intrusions in the area along the East-West trend are considered to be excellent.
James Kermeen P. Eng is the qualified person and has reviewed the contents of this release.
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