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Insidexploration

RJK Explorations Increases Its Land Position In Lorrain Township, South Of Cobalt, Ontario

by MikeyMike426
July 14, 2020
in Home Page, News Room, RJX, RJX News
0
RJK Explorations: Bishop Nipissing Diamond Project

Kirkland Lake, Ontario – November 14, 2019 – RJK Explorations Ltd. (RJX.A: TSX-V, RJKAF: OTC) (“RJK” or “the Company”) RJK has secured an option with Jon Camilleri to own a 100% interest in his land holdings consisting of approximately 1,300 hectares in Lorraine township.

The terms of the option are as follows:

Year one RJK will pay Camilleri $5,000 and issue 50,000 shares. RJK will conduct exploration on the property to keep it in good standing until March of 2021.

Year two RJK will pay Camilleri $10,000 and issue 100,000 shares of stock and keep the claims in good standing until March of 2022.

In year three RJK will pay Camilleri $20,000 and issue 200,000 shares of stock and at that point RJK will own the claims subject to a 2% GORR on diamonds and a 2% NSR on base or precious metals. Both royalties can be bought down for $500,000 per 0.05% up to 2%.

The Camilleri Property is located between the Paradis block and the Kon Kimberlite claims that RJK will focus its attention on in 2020. The Cross Lake Fault runs along the eastern boundary of the Camilleri claims. RJK will do a sampling program starting in the spring of 2020 to determine if the geophysical targets that are known to exist on the claims could be potential kimberlites.

For additional information on RJK visit https://www.rjkexplorations.com/

or

Insidexploration.com/rjx/

or watch these 3 videos for a more in-depth look into the project…

Searching For Source of The 800 Carat, Nipissing Yellow Diamond
Prospecting for Diamond Indicator Minerals with Tony Bishop
Interview with Glenn Kasner, President and CEO of RJK Exploration

Contact Information

Glenn Kasner, President

Mobile: (705) 568-7567

info@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 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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MikeyMike426

MikeyMike426

I am a 3rd generation miner who was born and raised in the silver capital of Canada, Cobalt, Ontario. For the last 10 years I have been invested in the mining sector and as a retail investor found it difficult gathering information on companies of interest. For this reason we created Insidexploration.com as a means to share our due diligence with investors all around the world. Disclosure The thoughts and opinions expressed in my articles and research reports are my own and do not represent those of the companies I write about. I often buy and sell the stocks I write about and may do so at any point in time without warning. Disclaimer My articles and research reports should not be considered a solicitation to purchase or sell securities or a recommendation to buy or sell securities. The information provided is derived from sources believed to be accurate, but cannot be guaranteed. I do not take into account the particular investment objectives, financial situations, or needs of individual recipients and other issues (e.g. prohibitions to investments due to law, jurisdiction issues, etc.) which may exist for certain persons. I am not a registered financial advisors and one should always do your own due diligence and consult a licensed investment adviser prior to making any investment decisions. Always reference www.SEDAR.com for important risk disclosures.

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The City of Temiskaming Shores, with the support of FedNor, will once again be hosting the Northern Ontario Mining Showcase at the Prospectors & Developers Association of Canada (PDAC) convention!

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Yesterday we made it to the highest elevation of the Lapon #Gold Project owned by @ResourcesWalker $WRR. In this clip you can see the alteration zone which continues as you go up the mountain and the sheer scale of this operation! Stay tuned for more :)

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