Toronto, Ontario – (April 19, 2017) – RJK Explorations Ltd. (TSX VENTURE: RJX.A) (“RJK“) has begun Phase 2 of a 5,000 metre drill program at its 100% owned Maude Lake Gold deposit, located on the Pipestone fault within the Timmins-Matheson gold corridor.
Phase 1 of the drilling program was successful in further defining the 5 Zone at depths of less than 100 metres with intersections of 2.5 metres of 9.05 grams gold/t and 14 metres of 5.37 grams gold/t ( true width are not determined at this time)
RJK believes the real potential for increasing the historic resource at the property lies with down plunge drilling below the 330 metre level, where historic drilling had returned high grade gold intersections, including 8.08 metres of 19.54 grams gold/t at the 375 metre level and 2.53 metres of 12.34 grams gold/t at the 475 metre level. The initial drill holes in this Phase 2 drilling will be targeting these areas.
William MacRae, M. Sc. P.Geo, is a Qualified Person as defined under National Instrument 43-101 standards and has supervised, reviewed the preparation and approved the disclosure in the news release.
Quality Assurance/Quality Control
RJK Explorations Ltd. has incorporated a rigorous QA/QC program for all its drill core handling and sampling procedures. A chain of custody is maintained for the drill core from the drill to core shack to assay lab. The samples are marked and the core is sawn with attention to the same half of the sawn core always placed in the sample bag. Certified standards, blanks and reject duplicate are placed in within every sample batch. A batch consists of a specific number of samples dependant on the tray size of the lab performing the analysis. The standard and duplicate are inserted randomly within the sample batch while the blank is inserted immediately after a sample that may be anomalous. The blank material is sawn core from a unit that appears un-mineralized with gold in order to be able to test the crushing/pulverizing cleaning process.
Neither the 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.
Disclosure Regarding Forward-Looking Statements: This press release contains certain “Forward-Looking Statements” within the meaning of applicable securities legislation. We use words such as “might”, “will”, “should”, “anticipate”, “plan”, “expect”, “believe”, “estimate”, “forecast” and similar terminology to identify forward looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. While RJK believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward looking statements and forward-looking information.
For further information, please contact:
Glenn Kasner, President
Telephone: (705) 567-5351
Mobile: (705) 568-7567