Toronto, 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.
Toronto, Ontario – (June 12, 2017) – RJK Explorations Ltd. (TSX VENTURE: RJX.A) (“RJK“) announces that drilling of the RJK Deep Hole 1 commenced as of Monday, June 5th with an initial targeted drill length of over 1000m. The RJK Deep Hole 1 drill location was supplied by Earth Science Services Corporation (“ESSCO”), using a drill target modelling interpretation system, Stargate II (“SGII”), which employs an enhanced deep-penetrating ultra-sonic AMT (Audio-Magnetotellurics) geophysical survey.
Toronto, Ontario – May 29, 2017 – RJK Explorations Ltd. (TSX VENTURE: RJX.A) (“RJK“) announces that it has entered into a Service Agreement with Earth Science Services Corporation (“ESSCO“) pursuant to which ESSCO will conduct a one hole drill program on a target area on RJK’s Maude Lake property which it has identified as promising using its proprietary target modelling interpretation system. For such service, RJK is paying ESSCO $8,000 to cover certain expenses incurred by ESSCO and will pay for drilling expenses.
Toronto, Ontario – (May 19, 2017) – RJK Explorations Ltd. (TSX VENTURE: RJX.A) (“RJK” or the “Company”) intends to offer for sale, by way of a non-brokered private placement, units of securities of RJK to raise up to $300,000 (the “Offering“). Under the terms of the Offering, RJK may sell up to 2,000,000 units (the “Units“) at a price of $0.15 per Unit, each Unit comprised of one Class A Subordinate Voting Share (“Class A Shares“) of the Corporation and one Class A Share purchase warrant (“Warrant“), with each Warrant entitling the holder to purchase an additional Class A Share for up to 24 months following its date of issue at a price of $0.25 per share in the first year and at a price of $0.35 during the second year.
Toronto, Ontario – May 16, 2017 – RJK Explorations Ltd. (TSX VENTURE: RJX.A) (“RJK“) announces that it has entered into a Purchase Agreement with New Gold Inc. (TSX:NGD) (NYSE MKT:NGD) (“New Gold“) to sell to New Gold all of RJK’s interest in the BW East Claims, the BW West Claims and the BW South Claims, located in the Blackwater Gold District in British Columbia (the “Properties”), for total cash consideration of C$1.0 million.