RJK Discovers its 9th Kimberlite in The Historic Cobalt Mining Camp & Creates Subsidiary RJK Metals Inc.

Kirkland Lake, Ontario – June 17, 2021 – RJK Explorations Ltd. (TSXV: RJX.A, US OTC: RJKAF) (“RJK” or “the Company”) is pleased to announce that it has discovered its 9th kimberlite in The Historic Cobalt Mining Camp. A vertical drill hole KON-21-08 has intersected a volcaniclastic kimberlite breccia from 22.15 m to 26.7 m, overlain by glacial outwash sands and underlain by a mafic syenite intrusive complex This new kimberlite discovery falls within the edge of the footprint of an EM conductance anomaly which is similar in character to conductance responses from kimberlites discovered in Lorrain Township by RJK. Step-out drilling is planned to outline the dimensions of the new kimberlite discovery within the EM conductance anomaly. RJK will be testing 3 other targets on the Kon claims before moving to Longfellow Lake to follow up on kimberlite float Tony Bishop discovered while prospecting. A drone magnetometer survey is also planned to cover magnetic anomalies underlying and surrounding Longfellow Lake.

 

RJK has incorporated RJK Metals Inc., as a wholly owned subsidiary of RJK Explorations Ltd., to look at gold, silver, cobalt and base metals opportunities. RJK would like to welcome Gino Chitaroni who is a lead advisor to RJK to head this subsidiary.

 

The Company intends to extend the common share purchase warrants previously issued pursuant to the Company’s non-brokered private placement that closed July 7, 2020. The Company issued a total of 3,600,000 Warrants exercisable at a price of $0.25 to purchase one common share in the capital of the Company for a period of one year. The Company wishes to amend the outstanding Warrants to extend their term to July 7, 2023. The exercise price of the Warrants will remain unchanged. The Warrant Amendment remains subject to approval of the TSX Venture Exchange.

 

Glenn Kasner, President, comments, “Our 9th kimberlite discovery is exciting as this discovery opens up a new structural domain in the western side of the Timiskaming Rift Valley which may be highly prospective for kimberlite emplacement as well as metallic deposits. With this discovery, the number of targets we have within our land package has increased, and we intend to update shareholders on those once we conduct further studies.”

 

Mr. 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.

 

Contact Information

 

Glenn Kasner, President and CEO

Mobile: (705) 568-7567

info@rjkexplorations.com

 

Web Site: https://www.rjkexplorations.com/

Company Information: Tel: (705) 568-7445