RJK Concentrates Exploration on Large Anomaly at Blackwater West; Shares Up 12.5%

By Midnight Trader,  December 28, 2012, 12:05:23 PM EDT

RJK Explorations Ltd. (RJX-A.V) today reported on its Phase One drill program at Blackwater West and Phase Two drill program at Blackwater East, located in the Blackwater Gold Camp approximately 120 km southwest of Vanderhoof, B.C. In total, six holes were completed for approximately 1,313.3 meters. The two Blackwater claim groups are contiguous to the west and to the east, respectively, of New Gold Inc.'s Blackwater bulk tonnage gold deposit currently at 10.18 million ounces gold (indicated and inferred) and 65.7 million ounces silver (indicated and inferred).

Drill holes BWW12-02 and 03 tested the western and eastern extremities of the main 600 meter wide target area at West Grid 4 and cut wide sections of highly anomalous silver, zinc and lead values in Rhyolite and Rhyolite Fragmental rocks.

RJK is up 12.5% to 13.5 cents at midday. More than 262,000 shares have been traded.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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