RJK Explorations, Author at RJK Explorations Ltd.

RJK OPTIONS PRIVATE LAND, ADDS AN ADVISOR, PROVIDES SHARE PAYMENT AND GRANTS STOCK OPTIONS

RJK Explorations — Thu, 03 Oct 2024 14:00:53 +0000

Kirkland Lake, Ontario – October 2, 2024 – RJK Explorations Ltd. (“RJK” or the “Company”) (TSX.V: RJX.A) is pleased to announce that it has signed an option agreement with an arms-length family to explore their patented claims in Bucke Township, located in the Temiskaming region of Northern Ontario. The Company will drill-test a target located on this land in the coming weeks.

In early 2023, RJK, along with its advisors and consultants, compiled information from the Ontario Geological Survey (OGS) till sampling surveys, the Ontario Government’s MLAS database, the Company’s RC (Reverse Circulation) drill holes/till sampling database, and regional airborne and drone magnetic surveys to identify a potential kimberlite target in Bucke Township. The geochemical till data includes two historic RC holes, with one of the holes containing over 12,000 KIMs (kimberlite indicator minerals) located 600 meters down-ice from the anomaly. Contouring the sample results, using local glacial striation measurements, outlined a discrete dispersion train with KIM indicator minerals that are unique from any known kimberlites in the Temiskaming region. This data compilation pointed to a specific magnetic target on patented land in Bucke Township, which has been owned by a family for approximately 90 years.

RJK will make a cash payment totaling $20,000 to the five family members for the right to drill-test the target with up to four diamond drill holes. Should RJK wish to proceed with further exploration, RJK will enter into a prearranged and approved option agreement, subject to TSX.V approval. This agreement includes a payment of $10,000 and 100,000 shares within six months of the signed option agreement. One year from that date, a payment of $15,000 and 200,000 shares will be made, followed by a payment of $25,000 and 300,000 shares in year two, and a final cash payment of $50,000 in year three. RJK has the right to accelerate the payment schedule at any time. Upon completion of these payments, RJK will have earned a 100% interest in the mineral rights.

RJK will also grant royalties on the patents, comprising a 2% GORR (Gross Overriding Royalty Rate) concerning diamonds and a 2% NSR (Net Smelter Return) concerning precious or base metals. One-half of the GORR and/or NSR (1%) can be repurchased from the vendors for a payment of $500,000, with a further 0.5% repurchased for an additional payment of $1,000,000.

Additionally, the surface rights may be purchased at a rate of $10,000 per acre, or five times the appraised value of similar lands within the area, whichever is greater.

Should the property enter commercial production or RJK undergo a takeover, the vendors will be entitled to an additional 1,000,000 shares of RJK.

RJK would also like to welcome Alan Kon to the Board of Advisors. Alan is a graduate of the Haileybury School of Mines and has spent the past 24 years prospecting the Cobalt Silver Mining Camp, acquiring claims, and providing contracting services to companies conducting mineral exploration in the Temiskaming Region. Alan’s contacts in the region and his extensive database helped RJK identify the potential kimberlite target described in this news release.

In a separate matter, RJK, subject to TSX.V approval, will issue 300,000 shares of RJK to Great Lakes Nickel for the use of an excavator.
In the last 12 months, 4,450,000 company options expired. RJK will be granting 4,000,000 stock options at $0.05 to officers, directors, advisors, and consultants of RJK.

Contact Information

Glenn Kasner, CEO
Mobile: (705) 568-7567
Email: info@rjkexplorations.com
Web Site: https://www.rjkexplorations.com
Company Information: Tel: (705) 568-7445

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.

Forward Looking Information

This news release includes certain forward-looking statements, which may include, but are not limited to, statements concerning the Offering generally, the proposed use of the proceeds, and the TSXV’s final approval of the Offering. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions “will”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “propose” and similar expressions. With respect to forward-looking statements and information contained herein, we have made numerous assumptions, including assumptions about the receipt of final acceptance by the TSX Venture Exchange and the state of the equity markets. Forward-looking statements involve known and unknown risks and uncertainties that could cause actual results, performance, or achievements to differ materially from those expressed or implied in this news release. Factors that could cause actual results to differ materially from those anticipated in this news release include, but are not limited to, the Company’s failure to receive final approval from the TSXV in connection with the Offering. RJK assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward-looking statements except as required by applicable law.

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RJK SIGNS EXPLORATION AGREEMENT WITH TIMISKAMING FIRST NATION, ADDS NEW DIRECTOR, AND GRANTS STOCK OPTIONS

RJK Explorations — Wed, 17 Jan 2024 09:00:42 +0000

Kirkland Lake, Ontario – January 17, 2024 – RJK Explorations Ltd. (“RJK” or the “Company”) (TSX-V: RJX.A, US OTC: RJKAF). RJK Explorations Ltd., is pleased to announce an exploration agreement with Timiskaming First Nation (TFN) that covers Operational Areas of Interest within their traditional territory (see map below). RJK and TFN began discussions in 2019 on an exploration agreement, with it now being signed by both parties in January, 2024.

RJK is also pleased to announce the addition of James D. Mackay (Jim) to the Board of Directors. Jim has been a strong supporter of RJK and is also an alumni of the Haileybury School of Mines, thereby joining the four current alumni that are part of the core team of RJK.
Jim Mackay comments, “It is my honor to become a board member of RJK after four years of being an advisor to the Company. The reason I became an advisor was to join my peers who graduated from the Haileybury School of Mines, in an effort to collectively find the source of the 800 carat Nipissing Diamond. We understand that this is a difficult task, but with the assembled team of talented graduates, we believe our goal is achievable. I look forward to the future of this project.”

RJK is also pleased to have three award winning TV producers join our advisory board. Advisors Stan and Brenda Potts have been producing and hosting North American Whitetail for over 25 years. Advisor Brad Moore retired in 2015 after 32 years of leading the development and production of the Hallmark Hall of Fame, the most honored series of programs in U.S. television history. RJK will be granting 100,000 options at $0.10 to several advisors.

Jim added, “I would like to thank two of my golf buddies who have volunteered their advice to RJK regarding how to communicate our story to the public, while we pursue the location of the source of the 800 carat Nipissing Diamond. Brad Moore spent his career producing Hallmark movies and Stan Potts and his wife Brenda are producing and starring in a hit TV series. Together, their production experience will be invaluable to the Company.”

RJK is currently finishing its study of the source of the kimberlite indicator and microdiamond glacial deposits it discovered in 2022.

Contact Information

Glenn Kasner, CEO
Mobile: (705) 568-7567
Email: info@rjkexplorations.com
Web Site: https://www.rjkexplorations.com
Company Information: Tel: (705) 568-7445

Forward Looking Information

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RJK TO EXTEND WARRANT TERMS

RJK Explorations — Thu, 22 Jun 2023 08:00:02 +0000

Kirkland Lake, Ontario – June 22, 2023 – RJK Explorations Ltd. (“RJK” or “the Company”) (TSXV: RJX.A, US OTC: RJKAF) announces that the Company intends to extend the term of a total of 2,933,333 outstanding common share purchase warrants (the “Warrants”) previously issued pursuant to the Company’s non-brokered private placement that closed July 7, 2020 (the “Private Placement”). Pursuant to the Private Placement, the Company issued a total of 3,600,000 Warrants (“Original Warrants”) exercisable at a price of $0.25 to purchase one common share in the capital of the Company for a period of one year. The terms of the Original Warrants were amended to increase their term to July 7, 2023. From the Original Warrants, 666,667 Warrants were exercised leaving a total of 2,933,333 outstanding Warrants. The Company wishes to amend the 2,933,333 outstanding Warrants to extend their term to July 7, 2025 (the “Warrant Amendment”). The exercise price of the Warrants will remain unchanged. The Warrant Amendment remains subject to approval of the TSX Venture Exchange.

Contact Information

Glenn Kasner, CEO
Mobile: (705) 568-7567
Email: info@rjkexplorations.com
Web Site: https://www.rjkexplorations.com
Company Information: Tel: (705) 568-7445

Forward Looking Information

This news release includes certain forward-looking statements, which may include, but are not limited to, statements concerning the TSX Venture Exchange acceptance of the warrant extension. Any statements contained herein that are not statements of historical facts may be
deemed to be forward-looking, including those identified by the expressions and similar expressions. Forward- looking statements involve known and unknown risks and uncertainties that could cause actual results, performance, or achievements to differ materially from those expressed or implied in this news release. Factors that could cause actual results to differ materially from those anticipated in this news release include, but are not limited to, the Company not receiving TSX Venture Exchange acceptance of the proposed warrant extension. RJK assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward-looking statements except as required by applicable law.

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RJK Explorations Ltd Drill Permits Granted and Corporate Update

RJK Explorations — Tue, 17 Jan 2023 15:00:07 +0000

Kirkland Lake, Ontario – January 17, 2023 – RJK Explorations Ltd. (“RJK” or the “Company”) (TSXV: RJX.A, US OTC: RJKAF). Over the past 12 months, RJK has been in discussions with the Ministry of Energy, Northern Development and Mines, Mineral Development Branch and First Nations to obtain drilling permits in the Cobalt region for new targets. These drilling permits have taken up to 10 months to be granted but we are pleased to report that RJK is now in possession of current drilling permits and will be mobilizing a diamond drill this month to start testing priority targets. Over the past 6 months, RJK tested a total of 3 targets on patented claims that did not require drilling permits, along with previously permitted properties and were not successful in finding kimberlite or other economic mineralization. New targets were ground-truthed with kimberlite indicator mineral trains and geophysics. Additional priority targets remain untested.

Negotiations with First Nations that have territorial rights in the Cobalt region have resulted in protocol letters that will be the template for further documentation to create a favorable working relationship between RJK and First Nation communities.

RJK has purchased two claim groups from a prospector where RJK will pay a one-time fee of $10,000 Cdn to purchase a undivided 100% interest in these claims subject to a 2% NSR with respect to Precious or Base-Metals and a 2% GORR with respect to Diamonds of which RJK may purchase (buy-back) 50% (1%) of GORR for $500,000 and a further 50% of the remaining Royalty (0.5%) for $750,000. Similarly for the NSR, RJK will have first right of refusal on the remaining Royalties should they become available for purchase. RJK staked additional ground in the area to expand the coverage of all potential targets.

On a corporate note Dan Mackie has stepped down as a director due to health reasons and the management and directors of RJK would like to thank Dan for his time and guidance as a director of RJK. For the interim period the existing Directors of RJK will continue to oversee the company’s affairs.

RJK has decided not to continue with the Kon option. After extensive drilling, the results of this program did not meet RJK’s project economic evaluation benchmarks at this time. RJK would like to thank Al Kon for his assistance with the Company’s efforts in the Cobalt project.

Mr. Peter Hubacheck, P. Geo., Project Manager for RJK and the Qualified Person as defined by National Instrument 43-101 has approved the technical disclosure in this release.

Contact Information

Glenn Kasner, CEO
Mobile: (705) 568-7567
Email: info@rjkexplorations.com
Web Site: https://www.rjkexplorations.com
Company Information: Tel: (705) 568-7445

Forward Looking Information

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RJK Appoints New Chief Financial Officer

RJK Explorations — Tue, 30 Aug 2022 23:54:55 +0000

Kirkland Lake, Ontario – August 30, 2022 – RJK Explorations Ltd. (TSX-V: RJX.A, US OTC. RJKAF)
(“RJK” or “The Company”) announces that its Chief Financial Officer, Amanda Kasner, has resigned her position after nearly 12 years with RJK. The Company has appointed Marco Guidi. Although she will remain as an advisor, the Company wishes to thank Amanda for her service to the Company as she pursues an overseas position with a global mining company. Mr. Guidi is a Chartered Accountant (CPA, CA) and holds an Honours Bachelor’s degree in Business Administration from Wilfrid Laurier University. He has worked with publicly listed junior mining companies, technology companies, and privately-owned and entrepreneurial companies. In 2010, Mr. Guidi transitioned out of public accounting serving as Chief Financial Officer, Controller and Accountant for a number of public companies.

Contact Information

Gino Chitaroni, President
Mobile: 705 648 9956
Email: info@rjkexplorations.com
Web Site: https://www.rjkexplorations.com
Company Information: Tel: (705) 568-7445

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.

Forward Looking Information

This news release includes certain forward-looking information and forward-looking statements which may include, but are not limited to, statements concerning the Offering generally, the proposed use of the proceeds, the Company’s exploration plans, and the granting of options. Any statements contained herein that are not statements of historical facts or current conditions, are deemed to be forward-looking, including those identified by the expressions, Such forward-looking statements and information are subject to various known and unknown risks many of which are beyond the Company’s ability to control or predict, that may cause the Company’s actual results, performance or achievements to materially differ from those expressed or implied thereby, and are developed on assumptions about such risks including: (a) general economic, industry and market conditions; (b) changes in applicable laws and regulations; (c) changes in operating risks, including fluctuations in commodity prices; (d) increased competition; (e) stock market volatility; (f) ability to obtain additional financing; (g) industry consolidation; (h) the execution of strategic growth plans; and (i) management’s success in anticipating and managing the foregoing risks. In making these statements, the Company has made assumptions with respect to future capital expenditures, trends and developments in the mining industry, business strategy and outlook, expansion and growth of business operations, accounting policies, credit risks, opportunities available to or pursued by the Company, and other matters. Should one or more of these risks materialize or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company assumes no obligation to update the forward-looking information or statements or to update the reasons why actual results could differ from those reflected in the forward-looking statements except as required by applicable law.

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RJK Explorations Ltd. Exploration Update including the Findings from an Initial Review by the SRK Consulting Group

RJK Explorations — Thu, 28 Jul 2022 05:30:31 +0000

Kirkland Lake, Ontario – July 27, 2022 – RJK Explorations Ltd. (TSX-V: RJX.A, US OTC. RJKAF) (“RJK” or “The Company”) has and continues to engage with subject matter experts throughout its ongoing diamond exploration program to investigate and theorize on the continuous compilation of data derived through its various exploration activities to date. In addition, RJK plans on further evaluating the Kon prospect where there are numerous untested targets, as well as the under-explored Peddie Kimberlite. This work would be concurrent to regional glacial examination and the continued evaluation of the diamond bearing glacial material.

RJK has received a report completed by Casey Hetman, M.Sc., P.Geo. and Kimberley Webb, M.Sc. P.Geo. of the SRK Consulting Diamond Group (SRK) titled an “Initial Sample Review” of four samples representing four separate areas that were drilled for diamond potential. As noted in the news release dated March 21, 2022, SRK was engaged to complete a review of data and samples that have currently been collected on RJK’s Nipissing Diamond Project and provide recommendations on the Company’s future exploration efforts.

The four small samples examined are as follows: two drill core sections each from Paradis Pond and HSM prospects, one excavated sample from the Nicol prospect and one drill core section from the Kon prospect. Thin sections of the samples were examined and a subset of the Paradis, HSM and Nicol samples were washed and cleaned of mud for examination under binocular microscope, as well as the crystals and lithic clasts that were collected in a sieve and pan. Mr. Casey Hetman visited the RJK claims in the Cobalt-Temiskaming Shores area on April 22-23, 2022, as well as the RJK core storage facility where the drill core is currently stored.

SRK has concluded from this initial review that the Paradis, HSM and Nicol prospects represent glacial material containing kimberlite indicator minerals. At the Kon Prospect, SRK has concluded that the rock uncovered in that locality is kimberlite.

RJK previously hypothesized the deposits at Paradis, HSM and Nicol could have originated from eruptions underneath the last glacial event; given their location along major fault systems, the presence of micro diamonds and kimberlite indicator minerals as reported by RJK in 2021, and stratigraphic position deposited above bedrock but below a younger glacial till sheet. SRK recognizes the significance of the fact that the indicator mineral chemistry reported by RJK for the glacial deposits is different from that of past work by previous diamond explorers in what continues to be an interesting and attractive exploration prospect for the Company. SRK has recommended to widen the search to explore locations ‘up-ice’ from RJK’s diamondiferous glacial material to determine where it originated. As a follow up, RJK will be consulting with expert glaciologists as part of SRK’s recommendation to further investigate the available data to evaluate and prioritize ‘next step’ targets up-ice. SRK believes it would be beneficial to conduct a regional compilation of existing kimberlites and other potential, primary diamond source rocks and their associated chemistry to narrow down target selection for ultimate follow-up drilling. RJK has begun this process by assembling an expert team with extensive diamond exploration and discovery experience in the Temiskaming region. The expert team started by reviewing the data on the 38 known kimberlites discovered in the Temiskaming region on the list compiled by retired Ministry kimberlite specialist Gary Grabowski, advisor to RJK.

Gino Chitaroni, President, RJK Explorations Ltd. “Our goal has been to find the source of the Nipissing Diamond and in doing so, discover a diamond mine in the Cobalt area. Considering the quantities and type of kimberlite indicator minerals found in these diamondiferous glacial deposits, we believe the source eruption is likely undiscovered and proximal to their locations. Given the chemistry, and what we have learned from consultants to date, the RJK team feels very confident that there is an economic deposit for the diamonds in the Cobalt Mining Camp. This most recent study conducted by SRK brings us one step closer to achieving that goal and during the past 9 months RJK has been identifying targets to drill, starting in August 2022.”

RJK is in the process of updating the website to include this new information from SRK, and further details on the Company’s plan will be disclosed in follow-up press releases.

Mr. Peter Hubacheck, P. Geo., Project Manager for RJK and the Qualified Person as defined by National Instrument 43-101 has approved the technical disclosure in this release.

Contact Information

Gino Chitaroni, President.
Mobile: (705) 648 9956
Email: info@rjkexplorations.com
Web Site: https://www.rjkexplorations.com
Company Information: Tel: (705) 568-7445

Forward Looking Information

This news release includes certain forward-looking information and forward-looking statements which may include, but are not limited to, statements concerning the Offering generally, the proposed use of the proceeds, the Company’s exploration plans, and the granting of options. Any statements contained herein that are not statements of historical facts or current conditions, are deemed to be forward-looking, including those identified by the expressions, “will”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “propose”, “if”, “hopes to”, or certain statements that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “will occur”, “will continue”, or “will demonstrate”. Such forward-looking statements and information are subject to various known and unknown risks many of which are beyond the Company’s ability to control or predict, that may cause the Company’s actual results, performance or achievements to materially differ from those expressed or implied thereby, and are developed on assumptions about such risks including: (a) general economic, industry and market conditions; (b) changes in applicable laws and regulations; (c) changes in operating risks, including fluctuations in commodity prices; (d) increased competition; (e) stock market volatility; (f) ability to obtain additional financing; (g) industry consolidation; (h) the execution of strategic growth plans; and (i) management’s success in anticipating and managing the foregoing risks. In making these statements, the Company has made assumptions with respect to future capital expenditures, trends and developments in the mining industry, business strategy and outlook, expansion and growth of business operations, accounting policies, credit risks, opportunities available to or pursued by the Company, and other matters. Should one or more of these risks materialize or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company assumes no obligation to update the forward-looking information or statements or to update the reasons why actual results could differ from those reflected in the forward-looking statements except as required by applicable law.

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RJK ANNOUNCES COMPLETION OF SECOND TRANCHE OF PRIVATE PLACEMENT

RJK Explorations — Wed, 15 Jun 2022 21:46:24 +0000

Kirkland Lake, Ontario – June 15, 2022 – RJK Explorations Ltd. (“RJK” or the “Company”) (TSXV: RJX.A, US OTC: RJKAF) announces that it has issued an additional 4,125,516 units (the “Additional Units”) to Great Lakes Nickel Limited (“GLN”) following the release to RJK from escrow of $453,806.76 (the “Escrowed Funds”) in subscription funds provided by GLN pursuant to the non-brokered private placement that closed on May 20, 2022 (the “Offering”). The Escrowed Funds will be used for general corporate and working capital purposes.

The Additional Units comprise the second and final part of GLN’s 5,916,000 Unit subscription, at a price of $0.11 per Unit. Each Unit consisted of one Class A Subordinate Voting Share in the capital of RJK (“Common Share”) and one Common Share purchase warrant (“Warrant”). Each Warrant entitles the holder to purchase one Common Share at a price of $0.25 at any time prior to 4:00 p.m. EST on the date that is three years after the issuance of the Warrants. Accordingly, the Warrants comprising the Additional Units will expire on June 15, 2025. The full details of the Offering are available in a news release of the Company dated May 23, 2022.

The Common Shares and Warrants comprising the Additional Units are subject to a statutory hold period ending on October 16, 2022. GLN has undertaken to the TSX Venture Exchange (“TSXV”) to not exercise the Warrants held by it if such exercise would cause GLN’s ownership of voting shares of the Company to exceed 10% of the Company’s issued and outstanding voting shares.

The Offering remains subject to final acceptance by the TSXV.

The securities offered pursuant to the Offering have not been, nor will they be, registered under the United States Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Contact Information

Glenn Kasner, CEO
Mobile: (705) 568-7567
Email: info@rjkexplorations.com
Web Site: https://www.rjkexplorations.com
Company Information: Tel: (705) 568-7445

Forward Looking Information

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RJK Announces Closing Private Placement

RJK Explorations — Mon, 23 May 2022 16:47:43 +0000

Kirkland Lake, Ontario – May 20, 2022) – RJK Explorations Ltd. (TSXV: RJX.A) (OTC Pink: RJKAF) (“RJK” or the “Company”) announces that it has closed a non-brokered private placement offering of units (each, a “Unit”), raising $432,503.17 from the issuance of 3,931,847 Units at a price of $0.11 per Unit (the “Offering”).

Each Unit consists of one Class A Subordinate Voting Share in the capital of the Company (“Common Share”) and one Common Share purchase warrant (“Warrant”). Each Warrant entitles the holder to purchase one Common Share at a price of $0.25 until May 20, 2025. The proceeds will be used for general corporate and working capital purposes.

As part of the Offering, Great Lakes Nickel Limited (“GLN”) subscribed for and funded the purchase of an additional 4,125,516 Units (the “Additional Units”) for proceeds of $453,806.76 (the “Additional Funds”) which Additional Funds are being held in trust pending GLN’s satisfaction of certain requirements of the TSX Venture Exchange (“TSXV”). These requirements include the filing by the control person of GLN of a personal information form, and GLN’s provision of an undertaking to TSXV to not exercise warrants held by it if such exercise would cause GLN’s ownership of Common Shares to exceed 10% of the issued and outstanding Common Shares. Upon GLN satisfying the TSXV’s requirements, the Additional Funds will be released to the Company and the Additional Units will be issued.

All securities issued pursuant to the Offering, are subject to a statutory hold period ending four months and a day from the date of issuance thereof. The Offering remains subject to final acceptance by the TSXV.

Contact Information

Glenn Kasner, CEO
Mobile: (705) 568-7567
info@rjkexplorations.com

Web Site: https://www.rjkexplorations.com/
Company Information: Tel: (705) 568-7445

Forward Looking Information:’

This news release includes certain forward-looking statements, which may include, but are not limited to, statements concerning future mineral exploration and property option payments. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions “will”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “propose” and similar expressions. Forward-looking statements involve known and unknown risks and uncertainties that could cause actual results, performance, or achievements to differ materially from those expressed or implied in this news release. Factors that could cause actual results to differ materially from those anticipated in this news release include, but are not limited to, the financial resources of the Corporation being inadequate to carry out its stated plans. RJK assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward-looking statements except as required by applicable law.

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RJK Engages the SRK Consulting Diamond Group

RJK Explorations — Mon, 21 Mar 2022 14:17:42 +0000

Kirkland Lake, Ontario – March 21, 2022 – RJK Explorations Ltd. (TSX-V: RJX.A, US OTC. RJKAF) (“RJK,” or “the Company”) is pleased to announce the engaging of the SRK Consulting Diamond Group (SRK) managed by Casey Hetman, P.Geo. to complete an in-depth review of RJK’s Nipissing Diamond Project, and develop recommendations for RJK’s future exploration efforts. SRK’s specialists have worked on the majority of primary diamond deposits being evaluated or mined around the world, including most of the mines that produce large (>100 carats) diamonds. A summary of the expertise and experience of the SRK diamond consulting team can be viewed here.

Mr. Hetman and his team, including Kimberley Webb, P.Geo. conducted a preliminary petrographic investigation on RJK’s discoveries by reviewing a selection of samples and discussing kimberlite indicator mineral chemistry results with Dr. Charles E. Fipke, from CF Mineral Research Labs (CFM). CFM processed RJK’s samples, and Dr. Fipke was the first to draw comparisons of RJK’s chemistry to the Letseng Mine, located in Lesotho. Thin sections of RJK’s occurrences were examined by SRK and it was concluded that a number display features typical of kimberlites, however other occurrences exhibit unusual properties not found in primary diamond deposits and these samples require further investigation. Mr. Hetman’s team described RJK’s Nipissing Diamond project as “intriguing and a puzzle that must be solved,” and added the indicator mineral chemistry of the samples is of “high interest.” SRK’s preliminary review will be followed up with a site visit in April when ground conditions permit examination of stockpiled material.

SRK Consulting referred RJK Explorations to a kimberlite processing expert who has been engaged by the Company to design and budget portable processing machinery that can be used for sampling to capture any diamonds onsite, using XRT technology. RJK is in discussions with Provincial and Federal agencies to assist in the design, build and future marketing of this equipment led by Gino Chitaroni, President of RJK. The Company will disclose more on these efforts once a concrete plan and timeline have been put in place.

Robert Mackay, Executive Chairman of the Board commented, “At this stage in RJK’s development, it’s important for the Company’s management to have access to the best brain power available in the diamond business, as the scale of our project has grown substantially over the previous year, and with it, the importance of pursuing cost-effective diamond sampling. We’ve spoken at length to numerous individuals in the diamond business about what we have found, and it seems as though there are very few comparisons ever discovered similar to the composition, and emplacement of RJK’s near-surface and on-surface diamond bearing material. I would specifically like to thank Chad Ulansky for his recommendation to engage the SRK Diamond Group to help us navigate the best pathway to move forward, and our team is excited to be working with Casey Hetman and Kimberley Webb.”

Contact Information

Gino Chitaroni, President
Mobile: 705 648 9956

Glenn Kasner, CEO
Mobile: (705) 568-7567
info@rjkexplorations.com

Web Site: https://www.rjkexplorations.com/
Company Information: Tel: (705) 568-7445

Forward Looking Information

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RJK Signs Claims Swap Agreement with Electra Battery Materials Corporation

RJK Explorations — Tue, 08 Mar 2022 16:19:06 +0000

Kirkland Lake, Ontario – March 8, 2022 – RJK Explorations Ltd. (TSX-V: RJX.A, US OTC. RJKAF) (“RJK,” or “the Company”) is pleased to announce that RJK and Electra Battery Materials Corporation (“EBM”) have agreed to an exchange of mineral claims and related rights, first discussed in November 2021, whereby RJK has agreed to give up its option, previously granted to it by EBM, to acquire any interest in certain mineral claims located within the larger EBM claims block located in Coleman, Gilles Limit, Lorrain, South Lorrain, and Bucke Townships, currently under option to Kuya Silver Corporation, in exchange for outright ownership of certain mineral claims located in Lorrain and Bucke townships.

Upon the closing of the transaction, RJK will gain a 100% interest in three areas, consisting of 42 mineral claims located in Lorrain Township and 11 mineral claims located in Bucke Township, subject to a 2% NSR (base and precious metals) and a 2% GORR (diamonds). The NSR and GORR are subject to a buy-back per claim block of 1% for $500,000 and the remaining interest for $1,000,000. At the same time, RJK will give up its option to acquire any interest in 52 EBM mineral claims in Coleman, Gillies Limit, Lorrain, South Lorrain, and Bucke Townships.

The 1,400-hectare Chown Block contains a large VTEM Conductance Anomaly (refer to Figure 1), similar to the Nicol VTEM Conductance Anomaly which RJK drill tested by Reverse Circulation Drilling in January, 2021. The Nicol anomaly intersected 4.5-5 m of kimberlite, below 2 m of overburden, located at the north-eastern edge of this geophysical feature. The geochemical results of Nicol kimberlite by CFM Labs was highlighted as potential to host large diamonds (>50 carats) and good diamond preservation chemistry. (Refer to RJK Press Release – August 25, 2021) The main body of the Nicol anomaly has not yet been drilled.

The Chown anomaly is located slightly to the north-west of Nicol and has dimensions of approximately 2,000 meters in length by approximately 5-600 meters in width. In 2021, RJK drilled two vertical Reverse Circulation Drill holes on the extreme north-eastern limits of this anomaly, with one intersecting kimberlite at surface before entering bedrock at 1.5 m. Additional drilling will be completed to determine if this anomaly represents a new kimberlite body.

Figure 1: Chown Block showing Claim locations and VTEM Conductance Anomaly

Figure 2: Updated RJK Property Map

The Bucke mineral claims located approximately three kilometers west of the town of Haileybury Ontario, contains the Peddie kimberlite pipe. The Peddie Kimberlite was discovered in 1996 with 2 drill holes testing a positive magnetic high having dimensions of 1.8 hectares. In 2006, a shallow trenching program exposed a portion of the kimberlite logged as hypabyssal facies kimberlite. Micro-probe analyses of kimberlite indicator minerals recovered from a 55 kg sample recovered eclogitic garnets with 1 G10 and ilmenite grains indicating a reducing environment favourable for diamond preservation. There was no caustic fusion testing for micro diamonds performed at that time. RJK will evaluate various proposals involving additional bulk sampling using sonic drilling and/or excavator trenching.

Glenn Kasner stated, “This is an important transaction for the Company enabling RJK to acquire a large land package with a known kimberlite structure, as well as, a prospective VTEM anomaly which could represent another substantial kimberlite body. In our historical research of the Nipissing Diamond, the Chown Lake area was another possible location for the origin of the 800 Carat Nipissing Diamond and with this arrangement it now allows us to fully explore this theory. I would like to thank Trent Mell President and CEO of Electra Battery Materials Corporation, David Stein President and CEO of Kuya Silver Corporation and especially David Lewis Exploration Director for Kuya Silver Corporation for their assistance and work to complete this transaction.”

Mr. Peter Hubacheck, P. Geo., Project Manager for RJK and the Qualified Person as defined by National Instrument 43-101 has approved the technical disclosure in this release.

Contact Information

Gino Chitaroni, President
Mobile: 705 648 9956

Glenn Kasner, CEO
Mobile: (705) 568-7567
info@rjkexplorations.com

Web Site: https://www.rjkexplorations.com/
Company Information: Tel: (705) 568-7445

Forward Looking Information

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