Kirkland Lake, Ontario – January 14, 2020 – RJK Explorations Ltd. (TSXV: RJX.A, US OTC: RJKAF) (“RJK” or the “Company”) has entered into a $50,000 agreement with Eagle Geosciences of Rouyn-Norranda, Quebec. Eagle Geosciences has agreed to provide exclusive services to RJK to deploy their new kimberlite identification technique. The agreement has a period of one year, however, it can be extended on a yearly basis at the discretion of RJK by paying Eagle Geosciences $50,000 on the anniversary date of the initial signing of the agreement.
As a success bonus, Eagle will be entitled to 250,000 RJK Class A shares on any economic diamondiferous kimberlite discovery that Eagle identifies using their propriety kimberlite recognition technology. RJK will also have access to any other kimberlite identification technology they develop while under this agreement. The bonus shares will be issued upon RJK receiving a bankable feasibility study.
This identification method uses algorithms based on geophysical signatures of known diamondiferous kimberlites within the Temiskaming Rift Valley. Among those kimberlite pipes are the 95.1 and 95.2 pipes located approximately 20 km north of RJK’s diamond exploration claims and discovered by RJK’s Project Manager, Peter Hubacheck in 1995.
Eagle Geosciences has identified a cluster of pipe-like structures, with very similar physical signatures to the existing diamondiferous kimberlites to the north, located on RJK’s optioned land claims in the Lorraine Township. These are considered priority drill targets for the company and will be tested during the upcoming winter drilling program. Two of these specific geophysical signatures are shown in the image below.
“The Eagle pattern recognition diamondiferous kimberlite identification technology is a new tool that we will employ with the objective of reducing the cost of kimberlite exploration. The initial findings of the technology seem promising, and if it proves successful in identifying diamondiferous kimberlite pipes, then we intend to apply this new method on all our staked and optioned land claims. We welcome Eagle Geosciences on the team, as we search for the source of the Nipissing Diamond.”
Peter Hubacheck, Project Manager
RJK, in cooperation with Insidexploration and Steve Lebranche of Eagle Geosciences, have produced a short video explaining the significance of the initial findings using this technology.The video will be uploaded to RJK’s Facebook page (https://www.facebook.com/rjkexplorations) and alsoto the RJK websitepage (https://www.rjkexplorations.com/Eagle-Geosciences-Video/)
Mr. Peter Hubacheck, P.Geo,Project Manager for RJKis the Qualified Person as defined by National Instrument 43-101 has approved the technical disclosure in this release.
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.
Vance White the President & CEO of @NobleMineral and exploration manager Holmstead discuss the exploration strategies for early 2022 and discuss the various acquisitions they made in 2021
A few months ago we spoke with the President and CEO of @ExplorationPuma, Marcel Robillard to discuss the advancement of the Williams Brook Gold Project over the last year.
PUMA should be on the short list of companies to watch!
Global #battery and #minerals supply chains need to expand ten-fold to meet projected #criticalminerals needs by 2030 according to a report published by the International Energy Agency.
Canada Nickel is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets.
$CNC.V #Nickel #Timmins #EV #NetZero
For more information, please visit
https://canadanickel.com/
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok