Blackwater Gold Camp

In September of 2009, Richfield Ventures (RVC) ignited a staking rush on the Nechako Plateau, south of Vanderhoof in Central B.C., when they announced a drill intersection of 207m of 1.06 g/t Au and 5 g/t Ag. All during 2010 and into 2011, Richfield continued to announce similar long intersections of better than 1 g/t Au and expanded the deposit considerably, to approximately 4 million ounces gold.

Then, in April of 2011, New Gold Inc. (NGD) announced an offer to acquire Richfield in a deal valued at $550 million. Since the acquisition, New Gold has continued a very aggressive drill program and has now built the resource of the now named Blackwater Gold Deposit to an indicated 165.2 million tonnes grading 1.01 g/t gold and 5.1 g/t silver and an inferred 38.8 million tonnes grading 0.94 g/t gold and 4.8 g/t silver for a total of 6.52 million ounces of gold and 36.3 million ounces of silver. The Blackwater Gold Deposit is open in all directions and at depth. New Gold is in the midst of a $20 million exploration program, including 50,000m of drilling.

On October 17, 2011, New Gold consolidated control over a larger portion of the Blackwater Gold Camp by acquiring Silver Quest Resources (SQI) for $131 million and Geo Minerals (GM) for $14.5 million.

RJK Explorations Ltd. Blackwater Gold Camp Project

RJK Explorations Ltd. (RJX.A) acquired two large claim groups, "Blackwater West" and "Blackwater East", in December of 2010. These two claim groups are contiguous to both the western and eastern boundaries respectively of the New Gold Blackwater claim group. RJK completed a heli-borne magnetic and electromagnetic of both claim groups in late 2010/early 2011.

Then, in January of 2011, RJK acquired the Dave 2 claim, which lies along the eastern boundary of RJK's Blackwater West claims and extends into the New Gold Blackwater claim group. During August of 2011, RJK completed a helicopter-borne ZTEM geophysical survey on all of the claim groups. RJK also conducted a mapping, sampling and prospecting exploration program on the claim groups.

In September of 2011, RJK acquired the Blackwater Northeast claims, which tie on to the western boundary of the Blackwater East claims and are also contiguous to New Gold's claims.

In October of 2011, RJK completed line cutting and a 2D IP survey over a number of target areas that were identified on the Blackwater East and Northeast claim groups by all the previous exploration work.

Now that a number of high priority targets have been identified, RJK has filed for drilling permits and intends to begin an initial drilling program as soon as the permits are approved.