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RJK Explorations Ltd.
Summary
| Project: | Maude Lake | |
|---|---|---|
| Deposit: | Maude Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-2-2017: RJK Explorations Ltd. announces an Exploration/Drilling Update report for its Maude Lake deposit at the Maude Lake project. Drilling results incl. 14m @ 5.37g/t Au from 89.0m. Kirkland Lake, Ontario – (February 07, 2017) – RJK Explorations Ltd. | |
| Resources: | (historic estimates only) | |
| CP/QP: | [Overall Report]: William MacRae (Not stated) | |
| ABSTRACT: | Kirkland Lake, Ontario – (February 07, 2017) – RJK Explorations Ltd. ("RJK" or the "Company") (TSXV: RJX.A) announces that the Company has received assays for the first phase of four holes (578 metres), of a 5,000 metre drill program at its 100% owned Maude Lake Gold Property, located on the Pipestone fault within the Timmins – Matheson gold corridor. The initial drilling program was successful in further defining the “5 Zone” with its host stratigraphy. Additional drilling within the “5 Zone” is required to confirm the historical resource base and to upgrade the “5 zone” into a 43-101 resource estimate. Last fall, RJK implemented a dedicated program of data compilation to all historic work at Maude and brought that work into a modern UTM grid coordinate system and a comprehensive digital data-base using GEMCOM modeling software. Current and future work can now be added to this data-base to determine coordinates for drilling locations, resource estimates and determine the viability of the stripped open pit. Glenn Kasner, President of RJK Explorations Ltd., commented that, “Management is very encouraged by this first phase of drilling at Maude. It demonstrates the high-grade nature of the “5 Zone” and I believe with additional drilling, the historic resource estimate can be confirmed and brought up to current standards for resource reporting. But, I believe the real potential lies with down-plunge drilling below the 300 metres level where historic drilling has returned such intersections as 19.54 g/t gold over 8.08 metres at the 375m level and 12.34 g/t gold over 2.53 metres at the 475m level.” | |
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