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July 14, 2020
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July 14, 2020
Kirkland Lake, Ontario – December 22, 2020 – RJK Explorations Ltd. (TSXV: RJX.A) (OTC: RJKAF) (‘RJK’ or ‘the Company’) is pleased to announce the Company has contracted a reverse circulation (RC) drill for its Bishop kimberlite properties, scheduled to begin January 4, 2021, pending any restrictions due to COVID-19. RC Drilling can be used for both initial exploration of potential kimberlite targets and diamond sampling, thus reducing RJK’s overall discovery costs moving forward.
Previous small-diameter drilling was meant to discover kimberlites and determine potential for diamonds, however, overall recovery of the kimberlite material was poor due to the soft nature of the Bishop kimberlites. RJK’s RC drill program is likely to recover 100% of the unconsolidated kimberlite material, in a faster, more cost-effective manner, while also being easier to maneuver around the property in the winter. RJK will mobilize the RC drill for the purpose of diamond sampling and recovery, testing the Paradis, Robin’s Place, Gleeson and HSM kimberlites bodies. The Company will begin with a 3-inch diameter tri cone bit, drilling 2-3 holes near each existing diamond drill hole locations with spacing of 200 m along fences transecting each of the 4 kimberlites. This sampling methodology will achieve better representative samples while obtaining larger amounts of material for processing. The Company intends to engage labs specializing in the best diamond recovery processes. Additionally, RJK’s program intends to mobilize the RC drill to target areas that were previously too difficult to access with the small drill. For areas requiring inclined holes, the RC drill can be converted into diamond drill coring, if necessary.
Pending the results of this initial RC drilling, the Company intends to initiate a stripping/trenching and bulk sampling program as early as the spring, in areas with the best results, and/or areas where kimberlite is topographically high and dry.
Glenn Kasner President and CEO stated, “Our overall goal is the discovery of large and/or coloured diamonds in an effort to find a diamond mine and revitalize the famous Cobalt Mining Camp. To achieve this, we must take and process large samples of kimberlite. Early discovery of diamonds is crucial to the Company’s success, and this RC drilling program is intended to help us determine areas for bigger bulk sampling with the highest probability of success. We also must determine the reach of this unique kimberlite field, as we believe the structural controls for kimberlite emplacement are ideal for additional discoveries surrounding the Bishop kimberlites. A track-mounted RC drill is ideally suited for the rugged terrain conditions in Lorrain Township, reducing the man-hours necessary for drilling. Given the shallow nature of our discoveries, we feel extremely fortunate to be able to conduct this sampling program on a limited budget. Our progress is a testament to the team we have assembled and the shareholders who have financed this company, who share our focus.”
About RC Drilling:
Reverse circulation drilling is achieved by blowing compressed air between the outside drill rod and an inner drill tube that carries the kimberlite cuttings from the tricone bit along with the water back up the inner drill tube. When the drill cuttings reach the RC drill rig they are processed in a cyclone that separates the water from the kimberlite which is then bagged to be sent for diamond analysis.
RC Equipment RJK will be using in 2021:
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, President
Mobile: (705) 568-7567
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 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.
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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