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RJK Explorations Ltd.
Summary
| Project: | Maude Lake | |
|---|---|---|
| Deposit: | Maude Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-6-2017: RJK Explorations Ltd. announces an Exploration/Drilling Update report for its Maude Lake deposit at the Maude Lake project. Drilling results incl. 12.6m @ 4.50g/t Au from 425.2m. KIRKLAND LAKE, ONTARIO - (June 19, 2017) – RJK Explorations Ltd. | |
| Resources: | (historic estimates only) | |
| CP/QP: | [Overall Report]: William MacRae (Not stated) | |
| ABSTRACT: | KIRKLAND LAKE, ONTARIO - (June 19, 2017) – RJK Explorations Ltd. (TSX VENTURE: RJX.A) ("RJK") has received further results of drilling from the ongoing 5,000m drill program on the 100% owned Maude Lake Gold Property. The primary objective of this drilling is to confirm several of the historical results and to also determine possible extensions and controls for a number of the gold veins. RJK17-05 was drilled at an azimuth of 180° to test a historic deep intersection of 17.56 g/t Au over 8.08 metres in hole 85-06 but due to the nature of the ultramafic volcanics the hole had to be abandoned at 269.0 m. The drill was moved to the west and hole RJK17-06 was drilled to test hole 85-06 from the west. Hole RJK17-06 intersected 4.50 g/t Au over 12.6 metres at approximately the same elevation as the intersection in 85-06 but 15 metres to the north. Hole RJK17-07 was drilled to test depth extensions of the mineralization. The information obtained will be used to define mineralization plunges and the deeper potential. Hole RJK17- 07 is the deepest drill testing to date. RJK is planning some infill sampling in hole RJK17-07. RJK also wishes to issue an update that the drilling of Deep Hole 1, which is being drilled to test a large geophysical anomaly identified by the Stargate II AMT system, is progressing well. RJK Explorations Ltd. would like to remind shareholders that the Annual and Special Meeting will be held on June 26th, 2017, and at that Meeting one of the matters to be voted on is shareholder approval of the sale of the Blackwater Properties to New Gold Inc. for $1 million. Since RJK has less than 19 million shares outstanding, this sale will add significantly to the current working capital of RJK and allow the Company much more flexibility in its future financing and exploration plans. | |
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