KIRKLAND LAKE, ON, Jan. 9 /CNW/ - RJK Explorations Ltd. (RJX.A: TSXV) reports that it has received assay results from seven drill holes on its Goldie Property located on the Trans Canada Highway approximately 30 miles west of Thunder Bay Ontario. The 3,760 acre Goldie Property is a joint-venture with GLR Resources Inc. (GRS: TSX)
Drill Hole GLD07-24 intersected 8.95 grams/tonne (0.261 oz gold/ton) over 2m at a vertical depth of approximately 85m. This Phase 2 drilling - for a total of 2176m - combined with the Phase 1 drilling program has only tested to shallow depths approximately 1,200 meters of strike length on the "South IP Zone". Determination of true widths, auriferous zone distribution and related statistics are pending as are assay results for the final two holes (214m subtotal).
This zone was originally indicated by a geophysical anomaly extending over a considerable strike length on the property. Previously reported intercepts suggested a single, shallow-dipping zone. Incoming Phase 2 drill results and other property data are now being tabulated for evidence of multiple zones or structures with strike and cross-trend expressions. "RJK intends to target this area of higher-grade mineralization in the next round of drilling. If compounded zoning or structure is demonstrated by further drilling, this will greatly expand the range of possibilities for the Goldie property" says Glenn Kasner, President and CEO.
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Hole Location Dip Interval Length Au
g/t
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GLD07-23 117+00E -70 degrees 129.3 - 130.3m 1.0m 1.23
97+75N drilled N (3.3 ft)
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GLD07-24 117+00E -45 degrees 95.0 - 122.0m 27.0m 1.09
96+75N drilled N (88.6 ft)
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Including 98.0 - 100.0m 2.0m 2.74
(6.6 ft)
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120.0 - 122.0m 2.0m 8.95
(6.6 ft)
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GLD07-25 114+20E -45 degrees 101.5 - 102.5m 1.0m 1.65
97+30N drilled N (3.3 ft)
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105.0 - 110.0m 5.0m 1.43
(16.4 ft)
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Including 107.0 - 108.0m 1.0m 2.88
(3.3 ft)
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GLD07-26 117+00E -70 degrees 167.0 - 170.0m 3.0m 1.85
96+00N drilled N (9.8 ft)
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Including 169.0 - 170.0m 1.0m 2.81
(3.3 ft)
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GLD07-27 117+00E -70 degrees 119.3 - 122.3m 3.0m 0.62
96+75N drilled N (9.8 ft)
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GLD07-28 125+00E -45 degrees 94.0-96.3m 2.3m 0.14
98+00N drilled N (7.6 ft)
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GLD07-29 111+00E -55 degrees NSV
97+00N drilled N
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NSV - no significant values; pending statistics
Diamond drill core has been sawn, with half the core being stored at secure facilities Conmee Township and the other half sent to Polymet Inc. Laboratories of Cobalt, Ontario. Analytical integrity checks have included insertion of certified reference materials. Mr. Julius Hava P.Geo. is the qualified person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. For further information please see the company website at www.rjkexplorations.com to view a map showing the drill hole locations and sections.
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.
The TSX Venture Exchange has not reviewed and does not accept the
responsibility for the adequacy or accuracy of this release.