RJK begins 2013 exploration program at Blackwater West, appoints a VP Exploration, acquires additional claims, grants stock options
KIRKLAND LAKE, ON, Jan. 17, 2013 /CNW/ - RJK Explorations Ltd. (RJX.A: TSX-V) ("RJK") is pleased to announce that the company has begun its 2013 exploration program on its 100% owned Blackwater properties, located approximately 120 km south of Vanderhoof, BC and adjacent to New Gold Inc's Blackwater multi-million ounce bulk tonnage gold deposit.
Approximately 25 kilometers of additional gridding is currently underway and will be followed-up with IP geophysical and geochemical surveying, envisioned to close off a large, 1.7 km long anomaly located at West Grid 4 on the Blackwater West property where limited drilling last season has been highly encouraging (see news release of December 28, 2012). Drill permitting for a phase 2 follow-up to this and last seasons work is nearing completion.
RJK is also pleased to have recently acquired by staking a number of claim groups for an additional 5,816 hectares of lands within the evolving Blackwater Gold Camp, bringing its total 100% owned land position of highly prospective lands to approximately 27,000 hectares. The new claim groups have been added to the map of the Blackwater Gold Camp on the RJK website at www.rjkexplorations.com
RJK also announces that the company has appointed Fred Sharpley, BA Sc, PGeo. as Vice-President of Exploration. Fred is a seasoned explorationist with over 50 years experience as a professional geologist since graduating from the University of Saskatchewan. He has been directly involved in exploration for gold, silver, base metals and uranium in Canada, Mexico, Central America and Africa. Fred worked for the Keevil Mining Group (now Teck Resources) for nine years in exploration and as a mine geologist and has assisted several junior and senior mining companies over the years, including most recently, Detour Gold Corp.
The Company has granted an aggregate of 1,750,000 stock options to certain of its directors, officers and employees. Each such stock option entitles the holder thereof to acquire one Class A subordinate voting share of the Company at an exercise price of $0.10 for a period of 5 years from the date of grant.
RJK will be attending the Vancouver Resource Investment Conference on January 20 - 21 with Booth number 741. We invite all interested parties to visit us.
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.
SOURCE: RJK Explorations Ltd.
For further information:
Glenn Kasner, President
Telephone: (705) 567-5351
Mobile: (705) 568-7567
James (604) 565-5967