Kirkland Lake, Ontario--(Newsfile Corp. - March 22, 2021) - RJK Explorations Ltd. (TSXV: RJX.A) (OTC: RJKAF) ("RJK" or "the Company") is pleased to announce that the Company has accelerated its earn-in options on the Bishop and Camilleri agreements and now owns a 100% interest, subject to GORR and NSR Royalties, in the Historic Cobalt Mining Camp.
These two property options contain the Nicol, Lightning, Paradis, Robin's Place, Gleason, HSM and Gravel Pit kimberlite bodies. Together with RJK's staked mineral claims the property now consists of 6,100 hectares. RJK has a total of 13,750 hectares in the Temiskaming region under existing option agreements and staked claims.
Nipissing Diamond Project
To view an enhanced version of this graphic, please visit:
Considerable mineral exploration potential for additional kimberlite bodies, along with silver, cobalt and gold remain on the RJK's properties.
Glenn Kasner, CEO of RJK, comments, "We decided to accelerate the option agreements to gain 100% ownership of these key claim blocks that host multi million ton bodies of near-surface, unconsolidated kimberlite material. The decision to streamline the ownership will save the Company time and money going forward."
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.
Glenn Kasner, President
Mobile: (705) 568-7567
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/78159