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RJK Explorations Ltd.
Summary
| Project: | Rolling Pond | |
|---|---|---|
| Deposit: | Rolling Pond | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-2-2019: RJK Explorations Ltd. announces an Exploration/Drilling Update report for its Rolling Pond deposit at the Rolling Pond project. Drilling results incl. 2.65m @ 204ppb Au from 215.0m. Kirkland Lake, Ontario – (February 15, 2019) – RJK Exploration | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dean Fraser (Independent) | |
| ABSTRACT: | Kirkland Lake, Ontario – (February 15, 2019) – RJK Explorations Ltd. ("RJK" or the "Company") (TSXV: RJX.A) has received assay results from the incomplete drill hole that was terminated during the 2018 drill program on its Rolling Pond gold Property located in Central Newfoundland. As reported in a Press Release dated December 24, 2018, the drilling had been terminated after two unsuccessful attempts to complete its first hole of the Program due to ground conditions and drill rig mechanical failure. A total of 271.71m of a planned 450m hole was drilled before the rig had to be demobilized for repair. Due to timing, added costs and challenges of winter drilling in the area, the Program was suspended. RP18-01A had intersected 81.2m of vuggy quartz, quartz breccia and significant quartz veining beginning at 190.55m with the hole lost in the zone. A portion of RP18-01A was assayed and returned anomalous values of 204 ppb gold over 2.65m from 215- 217.65m. A large hydrothermal system is known to exist on the Property and analysis of the core and clay alteration confirms the presence and strength of this system. Additional work and vectoring will be required along the known 1.2 km strike length to identify areas where better gold grades may occur. A program of additional soil geochemistry and ground geophysical surveys will be implemented prior to the continuation of the drill program in the late spring of 2019. The Company also intends to trench and possibly drill test a newly identified target outlined from field work performed during the fall of 2018. A strong 250m coincident gold in soil and induced polarization/resistivity geophysical anomaly was identified approximately 4.5 km along strike from the main zone to the southeast (See Press Releases dated October 30, 2018 and November 13, 2018). This zone remains open and additional field work will be performed in the area in 2019 to optimize targeting prior to trenching and/or drilling. | |
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