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RJK completes data compilation, modelling at Maude Lake

RJK completes data compilation, modelling at Maude Lake

2017-01-19 12:19 ET – News Release

Mr. Glenn Kasner reports

EXPLORATION AND DEVELOPMENT CONTINUES AT THE MAUDE LAKE GOLD PROJECT

RJK Explorations Ltd. has provided the first update this year as exploration and development work continues at the 100-per-cent-owned Maude Lake gold project, located along the Pipestone fault just north of Kirkland Lake, Ont.

Data compilation on the historical deposit has been completed and the modelling done, with drilling to confirm and tighten up the open-pit numbers, along with drilling to expand the resource both laterally and at depth, scheduled to continue during the year as RJK advances this project.

RJK is considering the option of producing from the stripped open pit as there are several mills close by that could accept any feed. Any decision to produce from the open pit would be based on first establishing mineral resources/mineral reserves or on a preliminary economic assessment or mining study (such as prefeasibility study or feasibility study) supporting the technical feasibility or economic viability of such a project.

In addition, some old drilling results from the northern portion of the RJK claims show several short intersections of gold in the three-gram-per-tonne-gold-to-four-gram-per-tonne-gold range which RJK intends to follow up on at a future date.

RJK has updated the company’s website and booked a booth at the Prospectors & Developers Association of Canada 2017 Convention in Toronto, being held March 5 to March 8, 2017, with booth No. 2332 in the investor exchange.

We seek Safe Harbor.

© 2017 Canjex Publishing Ltd. All rights reserved.

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