Kirkland Lake, Ontario--(Newsfile Corp. - January 19, 2017) - RJK Explorations Ltd. (TSXV: RJX.A) ("RJK") is pleased to provide the first update this year as exploration and development work continues at the 100% owned Maude Lake Gold Project, located along the Pipestone Fault just north of Kirkland Lake, Ontario.
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 PEA or mining study (i.e. PFS or FS) 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 3 gm to 4 gm Au/t range which RJK intends to follow up on at a future date.
RJK has updated the Company website at www.rjkexplorations.com and booked a booth at the PDAC 2017 Convention in Toronto, being held March 5 to March 8, with Booth #2332 in the Investor Exchange.
