KIRKLAND LAKE, ON, June 4 /CNW/ - RJK Explorations Ltd. (RJX.A: TSXV) ("RJK") has received the final VTEM data for its Dorion South Platinum/Palladium/Cu/Ni Property and wishes to advise that the three previous drill holes completed in 1965, which encountered gabbro and ended in peridotite, correspond with defined airborne magnetic anomalies. Geotech Inc. is completing magnetic modeling of the data which will then be correlated with existing data to determine drill hole locations for the initial drilling program, scheduled to occur as soon as possible.
RJK recently completed several private placements with the proceeds to be used to fund the drilling on its Dorion South property. It should also be noted that Magma Metals (MMB - ASX), the Australian company with the initial discovery at Thunder Bay North, is aggressively moving ahead after completing a $16 million private placement and finishing off a 31,000 m definition drilling program. Magma has confirmed that their peridotite intrusion is part of a 5km-long magma conduit which could host a substantial Pt-Pd-Cu-Ni deposit.
Interested parties may view map of the 1965 drill holes and the 2009 VTEM Airborne survey on RJK's website.
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