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RJK Explorations Options Blackwater Gold Property in Central B.C.

RJK Explorations Ltd. (RJX-A.V) is up 11% at 14.5 cents a share after announcing an option deal for three mineral claims in the Blackwater gold district in central British Columbia adjacent to New Gold's (NGD.TO) Davidson-Blackwater deposits.

To exercise the option, RJK must make a $57,500 cash payment, issue 1.75 million shares and commit to $350,000 in exploration work over the next three years. The property is also subject to a 3% net smelter return royalty, of which 1.5% may be purchased from the vendor for $2 million.

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

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