Kirkland Lake, Ontario – April 1,
2020 – RJK Explorations Ltd. (TSXV: RJX.A, US OTC: RJKAF)
(“RJK” or “the Company”)
is pleased to announce that at least 18 natural diamonds, varying in colour,
have been recovered in a 22.4 kg (50 lb) drill core sample. Four of the stones
that appear natural are -0.212+0.150 mm in size. One is light yellow, one is
light green and two are white in colour. These are mostly partially crystalline
chips and are clear with single tiny inclusions in two of the stones. Seven of
the stones thought to be natural are -0.150+0.106 mm in size. Five of these are
clear white broken fragments, one is clear white with broken dodecahedral
crystal faces and one is a light brown diamond fragment. Fifty-two diamonds
were recovered that are -0.106 mm in size. Seven are tiny clear white chips
thought to be natural. The remaining forty-five stones are described as tiny,
clear yellow chips, but the tiny size limits determining whether or not these
are synthetic stones from the drill bits used to recover the tested core, or
alternately chips from natural stone(s). The mini-bulk sample was processed by
CF Mineral Research Ltd. (CFM), an ISO 9001:2015 certified and 17025:2005 compliant
laboratory, owned by Dr. Charles E. Fipke. This test result marks RJK’s first
confirmation of diamonds in our search for the source of the 800-carat, yellow
Nipissing Diamond.
Kimberlite indicator minerals (KIMs) were also separated and
tested, returning materially important results. A total of 28 KIM grain
determinations were identified, that commonly derive from kimberlite sources,
originating in the “diamond stability field.” The diamond stability field is
located from depths of about 200 km in the earth at the lower boundary of the
continental lithosphere with the convecting mantle. From the heavy mineral
concentrates, 164 grains were probed and classified into six diamond indicator
minerals: chromite, high manganese ilmenite, peridotitic pyroxene,
clinopyroxene, eclogitic garnet and peridotitic garnet. Of the 164 grains
analysed by electromicroprobe, twenty-three were G10 peridotitic garnets, three
were diamond inclusion G11 garnets, one was a G1 eclogitic garnet and one was a
diamond inclusion chromite, all formed in the diamond stability field along
with the diamonds. Of particular interest was the picroilmenite chemistry
indicating only minor resorption of the diamonds present.
The mini bulk sample retested four short drill holes from the
Paradis Pond target during RJK’s 2019 winter drilling campaign. A few core
specimens had previously been sent to a mineral processing lab in the spring of
2019, who reported that they were unable to see any minerals that would
indicate this rock had sourced any mantle material based on visual inspection
only. RJK then sent the same samples for thin section analysis to a second
independent lab, and they reported the thin section contained no kimberlite
material and labelled the core as a granitoid breccia. In late January, 2020,
Peter Hubacheck, RJK’s Project Manager, relogged and reclassified the Paradis
Pond drill core to a tuffisitic, sandy kimberlite diatreme breccia, after
visual comparison of the Kon 1 kimberlite discovery. Carbonate-rich globular
zenoliths containing pelletal picroilmenite were observed in the Paradis Pond
core, similar to textures observed in the KON 1 kimberlite pipe discovery.
Furthermore, Tony Bishop took many photographs of the mineral crystals in the
Paradis core, which were crucial in RJK’s decision to test the core again with
a 3rd independent lab. CFM performed attrition milling, heavy media
separation, sieving, grain picking, SEM scanning, micro probing and caustic
fusion analysis. RJK Explorations will be posting the CFM diamond and diamond
indicator minerals results as soon as the final results are received.
As stated in our March 27th, 2020 press release, two bulk
samples totalling 266 kg sample of our Kon 1 kimberlite drill core is being
sent for diamond and KIM analysis to CFM, contingent on COVID 19 government
guidelines that may affect shipping.
Glenn Kasner, RJK’s CEO, stated, “Discovering diamonds has been
our primary goal for thirteen months, since RJK began working in the Cobalt
region on the Bishop and Kon claims. Drilling the Kon 1 kimberlite in late
January/early February gave our consultants a valuable visual comparison, which
led to the recommendation that we retest the Paradis Pond core for diamonds. At
least eighteen diamonds thought to be natural by CFM, is well beyond our
expectations. Our working relationship with CFM has given us the confidence we
need to expand our exploration program. I am very confident in the personnel we
have assembled, and together, we will continue to work to unlock the diamond
and mineral potential of the Cobalt region. I would also like to thank Dr.
Charles E. Fipke for reviewing and adding technical edits to this news release.”
Peter Hubacheck elaborated, “Although 22.4 kg is a relatively
small sample, the results are quite impressive. To find this unique chemistry
including twenty-eight diamond inclusion indicator minerals is encouraging. In
addition, the picroilmenites show little resorption conducive for the
preservation of higher quality diamonds surviving their transport from the mantle
to surface of the Earth’s crust.”
RJK is temporally suspending drilling
operations on the Bishop claims due to spring breakup and COVID 19
government mandates. After spring breakup, RJK is planning to initiate a geophysical
program including a ground IP survey on the Paradis Pond area to help delineate
kimberlite breccia phases in the vicinity of the 2019 drill holes that tested a
portion of the drone magnetic low feature. Drilling is anticipated to follow in
late spring or early summer.
Mr. Peter
Hubacheck, P. Geo., Project Manager for RJK and the Qualified Person as defined
by National Instrument 43-101 has approved the geotechnical disclosure in this
release.
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 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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