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| Buda Project, Thunder Bay West |
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RJK Explorations Ltd. staked 1,570 hectares in 98 claim units to form the Buda Property, located in the northern parts of Goldie and Forbes Townships, situated approximately 85 kilometers northwest of Thunder Bay, Ontario. The Buda Property was acquired to cover a roughly circular magnetic anomaly partially defined by the 1991 OGS Shebandowan Airborne Magnetic and Electromagnetic Survey. |
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Management believes that this feature may represent a substantial magmatic intrusive complex and a favorable setting to host Cu, Ni, Pt, Pd mineralization similar to the past producing CVRD-Inco Shebandowan deposit (8.7mt 2.06% Ni, 1.0% Cu, 3g/t 2PGE +Au) now under option to North American Palladium Ltd., located approximately 35 kilometers to the east of Buda.
RJK contracted Geotech Ltd. to fly it’s VTEM geophysical system at 100 meter flight line spacing to better define the magnetic highs and existing EM anomalies already located during the 1991 survey, as well as survey the remaining area which contains additional magnetic anomalies outlined by a historic regional airborne magnetic survey. RJK was informed of the potential of this feature by a local prospector with considerable knowledge of the area. Recent prospecting has revealed mafic-ultramafic rocks containing elevated copper values.
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