Announcement • Mar 06
RJK Explorations Ltd. announced that it has received CAD 0.16 million in funding On March 5, 2026, RJK Explorations Ltd. closed the transaction. The company issued 5,200,000 Units at a price of CAD 0.025 per Unit for gross proceeds of CAD 130,000 and issued 1,000,000 units at a price of CAD 0.03 for gross proceeds of CAD 30,000 for total aggregate gross proceeds of CAD 160,000. Each Unit consists of one common share of the Company and one Common Share purchase warrant. Each Warrant entitles the holder to purchase one Common Share at a price CAD 0.05 for a period of five years from the date of issuance. All securities issued pursuant to the Offering are subject to a statutory hold period ending July 6, 2026. The Offering remains subject to final acceptance by the TSX Venture Exchange. Announcement • Jan 25
RJK Explorations Ltd. announced that it expects to receive CAD 0.13 million in funding RJK Explorations announced a non-brokered private placement of 5,200,000 units at a price of CAD 0.025 per unit for gross proceeds of up to CAD 130,000 on January 23, 2026. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of CAD 0.05 for a period of five years from the date of issuance. The offering is subject to customary closing conditions including, but not limited to, receipt of approval of the TSX Venture Exchange. The closing of the offering may occur in one or more tranches and is not subject to receipt of a minimum amount of gross proceeds. The securities issued pursuant to the offering will be subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws and TSX-V policies. Certain insiders of the company may participate in the offering. New Risk • May 29
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$7.1k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$281k free cash flow). Shares are highly illiquid. Negative equity (-CA$7.1k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.46m market cap, or US$1.05m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Announcement • May 13
RJK Explorations Ltd., Annual General Meeting, Jul 23, 2025 RJK Explorations Ltd., Annual General Meeting, Jul 23, 2025. New Risk • Apr 20
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$234k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$234k free cash flow). Share price has been highly volatile over the past 3 months (55% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.39m market cap, or US$1.00m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Announcement • Jan 20
RJK Explorations Ltd. Completes Two Exploration Diamond Drill Holes to Test Distinct Undrilled Anomalies on the Huff Patents in Bucke Township RJK Explorations Ltd. has completed two exploration diamond drill holes to test distinct undrilled anomalies on the Huff patents in Bucke Township, which RJK optioned in October 2024. These anomalies were identified as potential kimberlites; however, neither target was found to be a kimberlite. RJK has also identified three privately held patented claim groups with potential kimberlite targets, and negotiations to acquire these properties are ongoing. In addition, RJK has decided to expand its exploration program to include precious metals and polymetallic metals. Further information on this initiative will be provided once negotiations with the existing property owners are finalized. Over the past two years, RJK has reviewed the glacial history of the Temiskaming area and outlined two targets of interest for potential kimberlite or metallic mineralization. Based on this in-house compilation, the data was submitted to a third-party expert for confirmation. In October 2023, RJK conducted a drone magnetic survey over two discrete magnetic targets located up-ice of a kimberlite indicator mineral train in the southwest corner of Bucke Township. Magnetic inversion modeling was employed to supplement the vertical gradient magnetic low and high targets flanking the Cross Lake Fault. In the third quarter of 2024, RJK executed an option agreement to acquire the Huff Property covering these targets. Drill hole HUFF-24-01 was oriented toward a concentric (180m x 200m) magnetic low target and drilled to an inclined depth of 150m. This hole intersected a thick assemblage of interbedded mudstone and greywacke beds of the Temiskaming Group. Selective sampling of calcite crackle- brecciated zones with minor disseminated pyrite was assayed for gold and silver, but no significant results were obtained. Drill hole HUFF-24-02 was oriented toward a linear magnetic high feature (400m W x 800m L) flanking the Cross Lake Fault. The angled hole was drilled to a depth of 155m. From 8.1m to 30m, the core consisted of mudstone and greywacke. From 30m to 136m, the hole intersected a sequence of jasperoid banded iron formation interbedded with mudstone and disseminated pyrite. Within this interval, 14 banded iron formation layers with millimetric red jasper cherty laminations were sampled. These Fe-rich beds averaged 28.5% Fe over true thicknesses ranging from 0.75m to 1m. They also returned anomalous manganese results, averaging 738 ppm. Preliminary results from drill hole HUFF-24-02 indicate the presence of critical metals iron and manganese on the Huff Property. New Risk • Nov 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Negative equity (-CA$124k). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.00m market cap, or US$3.58m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Announcement • Nov 08
RJK Explorations Ltd. announced that it has received CAD 0.424 million in funding On November 7, 2024 RJK Explorations Ltd. closed the transaction and issued 12,114,285 Units at a price of CAD 0.035 per Unit for proceeds of CAD 423,999.975. Each Unit consisted of one Class A common share of the Company and one class A common share purchase warrant. Each Warrant entitles the holder to purchase one Common Share in the capital of the Company at a price of CAD 0.07 for a period of five years from the date of issuance. All securities issued pursuant to the Offering are subject to a statutory hold period ending March 8, 2025. The Offering remains subject to final acceptance by the TSX Venture Exchange. Insiders and a related party to the company subscribed for CAD 130,000 of the placement. Announcement • Oct 10
RJK Explorations Ltd. announced that it expects to receive CAD 0.35 million in funding RJK Explorations Ltd. announced a non-brokered private placement to issue 10,000,000 units at issue price of CAD 0.035 per unit for aggregate gross proceeds of up to CAD 350,000 on October 9, 2024. Each unit will consist of one common share of the Company and one warrant entitling the holder to acquire one Common Share for a period of five (5) years from the date of issuance at an exercise price of CAD 0.07. Insiders are expected to subscribe for CAD 130,000 of the Offering. The Offering is subject to customary closing conditions including, but not limited to, receipt of approval of the TSX Venture Exchange. The closing of the Offering may occur in one or more tranches, and is not subject to receipt of a minimum amount of gross proceeds. The securities issued under the offering will be subject to four month and one day hold period. New Risk • May 29
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$53k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$459k free cash flow). Negative equity (-CA$53k). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.37m market cap, or US$1.73m). Announcement • Jan 18
RJK Explorations Ltd. Announces Board Changes RJK Explorations Ltd. announced the addition of James D. Mackay (Jim) to the Board of Directors. Jim has been a strong supporter of RJK and is also an alumni of the Haileybury School of Mines, thereby joining the four current alumni that are part of the core team of RJK. RJK is also to have three award winning TV producers join advisory board. Advisors Stan and Brenda Potts have been producing and hosting North American Whitetail for over 25 years. Advisor Brad Moore retired in 2015 after 32 years of leading the development and production of the Hallmark Hall of Fame, the most honored series of programs in U.S. television history. Announcement • May 06
RJK Explorations Ltd., Annual General Meeting, Jul 21, 2023 RJK Explorations Ltd., Annual General Meeting, Jul 21, 2023. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Member of Advisory board Gary Grabowski was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Aug 31
RJK Explorations Ltd. Announces Executive Changes RJK Explorations Ltd. announced that its Chief Financial Officer, Amanda Kasner, has resigned her position after nearly 12 years with RJK. The Company has appointed Marco Guidi. Although she will remain as an advisor, the Company wishes to thank Amanda for her service to the Company as she pursues an overseas position with a global mining company. Mr. Guidi is a Chartered Accountant (CPA, CA) and holds an Honours Bachelor's degree in Business Administrationfrom Wilfrid Laurier University. He has worked with publicly listed junior mining companies, technology companies, and privately-owned and entrepreneurial companies. In 2010, Mr. Guidi transitioned out of publicaccounting serving as Chief Financial Officer, Controller and Accountant for a number of public companies. Announcement • Jun 17
RJK Explorations Ltd. announced that it has received CAD 0.88631 million in funding from Great Lakes Nickel Limited On June 15, 2022, RJK Explorations Ltd. closed the transaction. The company issued additional 4,125,516 units to Great Lakes Nickel Limited following the release to the company from escrow of CAD 453,806.76. The additional units comprise the second and final part of Great Lakes Nickel Limited's 5,916,000 unit subscription. Accordingly, the warrants comprising the additional units will expire on June 15, 2025. The common shares and warrants comprising the additional units are subject to a statutory hold period ending on October 16, 2022. Great Lakes Nickel Limited has undertaken to the TSX Venture Exchange to not exercise the warrants held by it if such exercise would cause investor's ownership of voting shares of the company to exceed 10% of the company’s issued and outstanding voting shares. The Offering remains subject to final acceptance by the TSX Venture Exchange. Announcement • May 21
RJK Explorations Ltd. announced that it has received CAD 0.432503 million in funding RJK Explorations Ltd. announced that it has received a non-brokered private placement of 3,931,847 units at a price of CAD 0.11 for gross proceeds of CAD 432,503.17 on May 20, 2022. Each unit consists of Class A Subordinate Voting Share and one common share purchase warrant. Each warrant entitles the holder to received one common share at a price of CAD 0.25 per warrant. The warrants will mature on May 20, 2025. The transaction is subject to approval from TSX Venture Exchange. The securities will be subject to a hold period of four months from the date of issuance. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Bill MacRae was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 18
RJK Explorations Ltd. announced that it has received CAD 0.1 million in funding RJK Explorations Ltd. announced that it has completed a non-brokered private placement of 833,333 units at a price of CAD 0.12 per unit for the gross proceeds CAD 100,000 on February 17, 2022.Each unit consists of one Class A common share and one class A common share purchase warrant. Each Warrant will entitle the holder to purchase one Common Share in the capital of the Company at a price of CAD 0.25 for a period of three years. All securities issued pursuant to the transaction are subject to a statutory hold period ending June 18, 2022. The transaction remains subject to final acceptance by the TSX Venture Exchange. Announcement • Jun 01
RJK Explorations Ltd. Announces Exploration and Corporate Update RJK Explorations Ltd. announced that it is halfway through a minimum 10-hole drill program to follow up on its original diamondiferous Kon Kimberlite sill discovery, originally announced February 5, 2020. The objective is to establish the source feeder location, create a 3D model, and correlate the different kimberlite layers to optimize the microdiamond sampling by discrete phases. As of May 31, 2021, five drill holes have been completed with correlatable phases recognized between holes. A brief description of the geological logging follows: KON-21-01: this diagonal hole was planned to extend the KON kimberlite structure northward into the magnetic high, rimming the main kimberlite discovery. The drill hole advanced through 6.5 m of glacial till, then intersected Huronian conglomerate from 6.5m to 18.5m, then mafic syenite to 32.5m followed by 3 interbedded phases of volcaniclastic kimberlite breccia and hypabyssal kimberlite from 32.5 m to 72.1 m. The kimberlite formation unconformably overlies a granodiorite-syenite package cored from 72.1 m to 101.2 m. KON-21-02: this diagonal hole was planned to extend the KON kimberlite structure northwest into the magnetic high rimming the main kimberlite discovery. The drill hole advanced through 7.1 m of glacial tills then followed by 3 phases of interbedded volcaniclastic kimberlite breccia and hypabyssal kimberlite from 7.1 m to 42.1 m. The kimberlite formation unconformably overlies a granodiorite-syenite package cored from 42.1 m to 116.9 m. KON-21-03: this diagonal hole was planned to test a N/S trending magnetic low cross-cutting the magnetic high rimming the main kimberlite discovery. The drill hole advanced through 7.0 m of glacial tills then followed by a mafic syenite package from 7.0m to 130m. A silicified, pyritized alteration zone was intersected from 110m to 130m explaining the magnetic low target. Gold assays are pending from the silicified alteration zone. KON-21-04: this vertical hole was planned to test the center of the KON kimberlite structure. The drill hole advanced through 5.8 m of glacial tills, then intersected 6 phases of interbedded volcaniclastic kimberlite breccia and hypabyssal kimberlite from 5.8 m to 120.1 m. The kimberlite formation unconformably overlies a granodiorite-syenite package cored from 120.1 m to 143.2 m. KON-21-05: this diagonal hole was planned to extend the KON kimberlite structure eastward into the magnetic high rimming the main kimberlite discovery. The drill hole advanced through 16.5 m of glacial tills, then mafic syenite to 94.7 m, followed by 5 phases of interbedded volcaniclastic kimberlite breccia and hypabyssal kimberlite from 94.7 m to 250 m. The kimberlite formation unconformably overlies a granodiorite-syenite package cored from 250 m to 253 m. KON-21-06 is currently being drilled from the southern magnetic high rim of the anomaly due north. Diamond results from Kon were announced July 21, 2020, which included 7 natural microdiamonds, varying in colour, from clear to white. They were recovered from the 277 kg (611 lb) drill core sample, from 5 different kimberlite phases, which could represent separate eruptions. Three of the diamonds were chips with a greenish tinge and the other four are white diamond chips and macles. The chips are generally flat with one being triangular shaped, possibly a broken fragment from a larger stone. There were no inclusions in the diamonds recovered. Exploratory drilling: earlier drilling in Lorrain Township in March and April intersected mineralization that has been sent for assay. Detailed logging indicates pyritic mineralization in several intervals from holes NL-21-02, PL-21-02 and GLH-21-01 which will be analysed for gold. Assays are pending. These drill test holes followed sampling done in 2012 by Hubacheck and Associates, which outlined gold in a basal till dispersion train to the south west of Paradis Pond. Two samples reported 22 and 11 gold grains with up to 6 pristine gold grains, indicating a likely source closeby. A magnetic high alteration zone target, south of Nicol Lake, hosted in Lorrain Granite and up-ice of the anomalous gold grains, was drill tested. Interpreted fault trends bounding this target area were also drill tested. Kimberlite Processing Update: the company has utilized two kimberlite labs over the past 6 months to process a total of 12,222.5 kg of kimberlite from 7 anomalies in Lorraine township. A mixture of diamond drill core, reverse circulation cuttings and surface excavation were sampled and the final results from all three methods are expected by the end of June 2021. Announcement • Mar 20
RJK Explorations Ltd., Annual General Meeting, Jun 03, 2021 RJK Explorations Ltd., Annual General Meeting, Jun 03, 2021. Announcement • Feb 18
RJK Explorations Ltd. Discovers a New Kimberlite South of the Hsm Kimberlite, Associated with the Cross Lake Fault RJK Explorations Ltd. announced that the Company has discovered a new kimberlite south of the HSM kimberlite, associated with the Cross Lake Fault, in its ongoing reverse circulation (RC) drilling program in Lorrain Township, 10 km south of the Historic Cobalt Mining Camp. A small historical quarry, previously used for logging roads, is located above the kimberlite and within the electromagnetic (EM) conductance anomaly, and so the Company has named this discovery the "Gravel Pit " kimberlite. A total of 9 RC holes intersected kimberlite located within the southern EM conductance anomaly with a maximum thickness of 24 m and averaging 15.6 m. Due to time and budget constraints, the company did not drill the north end of the EM conductance anomaly, but plans to revisit the area at a later date. The Gravel Pit kimberlite was tested after RJK completed delineation drilling of the Robin's Place and HSM kimberlite bodies for bulk sampling purposes, each of which were previously identified in RJK's 2020 diamond drilling program. At Robin's Place, a total of six RC drill holes intersected kimberlite in all holes located within the EM conductance signature with a maximum thickness of 53.4 m and averaging 38.8 m. Glacial esker deposits unconformably overlying the kimberlite layer ranges in thickness from 2.5m to 4.5m averaging 3.7 m. At HSM, a total of 13 RC holes intersected kimberlite in all holes located within the EM conductance signature with a maximum thickness of 59.8 m and averaging 31.7 m. Glacial esker deposits unconformably overlying the kimberlite layer ranges in thickness from 1.5 m to 13.5 m averaging 5.5 m. At the Gravel Pit, glacial esker deposits unconformably overlying the kimberlite layer ranges in thickness from 6 m to 23.5 m averaging 15.4 m. Geologic logging of the esker materials indicates considerable reworking of the upper contact of the kimberlite bodies by post-eruption glacial melt waters exploiting the Cross Lake Fault basin. Extreme scouring by esker outwash channels is more evident at the HSM and Gravel Pit where esker thicknesses vary from 5.5 m to 15.4 m. All RC drill holes were terminated in granite, Lorrain formation quartzite or Nipissing diabase. Announcement • Feb 14
RJK Explorations Ltd.'s Reverse Circulation Drill Samples Sent for Analysis on Paradis and Gleeson Kimberlites RJK Explorations Ltd. announced its reverse circulation (RC) samples from the first two kimberlite targets, Paradis and Gleeson, have been sent for diamond and indicator mineral analysis to Microlithics in Thunder Bay, with the final report to be completed by CF Mineral Research. The Paradis RC sample weighed 1,102 kg and the Gleeson RC weighed 1,536 kg. RC drill samples from Robin's Place and HSM kimberlites are being prepared for shipping. Results from Paradis, Gleeson, Robin's Place and HSM kimberlites will be released when Dr. Charles Fipke's lab has analysed the results and provided the report to the Company. While the Company waits for the diamond and indicator mineral sampling results, RJK plans to contract a diamond drill (DD) to test additional potential kimberlites and metalliferous targets found in the RC and DD programs in 2020/2021. While testing for a kimberlite feeder system at Paradis, RJK encountered a large dike system associated with the Cross Lake Fault with DD hole P-20-08 returning 4.1% TiO2 and 18% Fe2O3 over a true thickness of 17.2 meters. The company will follow up on this target, and test a cobalt showing near the Kon kimberlite that was recorded when the Hound Chutes Dam was built in 1909. Management has conducted extensive historical research on the Company's land package and have identified other historic silver and cobalt showings worthy of testing in the 2021 field season. Announcement • Jan 29
RJK Explorations Ltd. Discovers 7th Kimberlite at Nicol Lake RJK Explorations Ltd. announced that the Company has discovered its 7th new kimberlite in its ongoing drilling program in Lorrain Township, 9 km south of the historic Cobalt Mining Camp. The Nicol Lake kimberlite body is situated at the juncture of the NW-SE trending Nicol Lake Fault and the W-E trending Schumann Arch Fault. The Nicol Lake Fault is a splay fault originating from the Cross Lake master fault further to the north . The first drill hole
intersected 5 m of kimberlite under 2 m of overburden terminating in diabase bedrock at a depth of 7 m. A second hole intersected 4.4 m of kimberlite under 2 m of overburden. The intersections are located within an electromagnetic (EM) conductance target associated with Nicol Lake, with the majority of the target underlying the lake. Two holes failed to intersect kimberlite testing the margins of the anomaly. Additional drilling will be done at a later date to define the boundaries of the target. The kimberlite visually compares to the Paradis, Gleeson, Robin's Place, HSM and Lightning Lake kimberlites. Recent Insider Transactions • Dec 18
Executive Chairman recently bought CA$125k worth of stock On the 16th of December, Robert Mackay bought around 480k shares on-market at roughly CA$0.26 per share. This was the largest purchase by an insider in the last 3 months. Robert has been a buyer over the last 12 months, purchasing a net total of CA$208k worth in shares. Announcement • Dec 06
RJK Explorations Ltd. Announces Drilling Update RJK Explorations Ltd. announced that the Company has discovered its fourth kimberlite body with its ongoing drill program on the Nipissing Diamond Project holdings in Lorrain Township, Cobalt, Ontario. The HSM conductance anomaly is approximately 1,400 m in length by 350 m in width or approximately 45 hectares in size and is located 1 km south of the Robin's Place kimberlite (news release of November 24, 2020). As per the image in this news release, the new HSM kimberlite, along with the Paradis Pond and Robin's Place kimberlites are spatially associated with the Cross Lake Fault Structure, while the Gleeson kimberlite appears to be associated with a SW/NE fault structure. Three drill holes were completed to test this anomaly, all of which returned kimberlite intersections. Drill hole HSM- 20-01 intersected 14.45 m of kimberlite. Drill hole HSM-20-02 was located 325 m to the northwest of hole HSM-20- 01 and intersected 48.2 m of kimberlite before being lost due to difficult drilling conditions. Drill hole HSM-20-03 was located 340 m to the north-west of drill hole HSM-20-02 and intersected 18.1 m of kimberlite. The HSM kimberlite is a tuffisitic kimberlite breccia with a monticellite-rich microcrystal matrix with accessory concentrations of phlogopite and ilmenite xenocrysts. Is New 90 Day High Low • Dec 01
New 90-day high: CA$0.24 The company is up 23% from its price of CA$0.20 on 01 September 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 13% over the same period. Announcement • Nov 28
RJK Explorations Ltd. Receives Stripping, Pitting and Trenching Permits for Three Kimberlites and Initiates A Four Ton Sample from the Paradis Pond Kimberlite Discovery RJK Explorations Ltd. announce that permits for stripping, pitting, trenching and ground geophysics have been received for the Paradis, Robin's Place, and Gleeson kimberlites, to take samples in areas greater than 100m2, within a 200m radius, enabling the company to take large tonnage samples. RJK is initiating a sample of approximately four tons from three drill hole locations, with spacing distances of 225m, 420m and 330m from each other in a triangular pattern on the Paradis Pond kimberlite. The location of these samples was chosen to extend the kimberlite testing of the Paradis EM signature. Microlithics Laboratories Inc., a diamond processing facility located in Thunder Bay, Ontario will process RJK's first 4 ton sample for kimberlite indicator minerals as well as diamond observation and counts. The results will be sent to CFM labs in Kelowna for probing and classification. In addition, a second sample consisting of 160kg from the Company's Kon kimberlite discovered earlier this year will be processed by Microlithics. Announcement • Oct 04
RJK Explorations Ltd. Announces Explorations Drills Kimberlite in Four Additional Holes At Paradis Pond Prepares Bulk Samples for Testing RJK Explorations Ltd. announced that the company has intersected kimberlite in four additional drill holes in the Paradis Pond/Goodwin Lake area of the Bishop Property, extending the NW to SE trend to over 700 m. Uniform kimberlite from holes PP-20-07 to PP-20-10 visually corresponds to RJK's reported kimberlite from Paradis Pond in 2019 that returned 18 microdiamonds, varying in colour, from a 22.4 kg sample and kimberlite intersects from PP-20-01 to PP-20-06. The kimberlite varies between 7 m to 17.3 m in true thickness, beginning as shallow as 2 m from surface, and appears to thicken to the southwest towards the Goodwin Lake Basin. All Paradis kimberlite is unconformably draped on top of granitic bedrock and all kimberlite intersections to date fall within the footprint of the regional airborne conductance anomaly measuring approximately 87 hectares. Two drill fences NW to SE and W to E have been constructed from drill holes spanning a strike length of 700 m and 300 m respectively. Phlogopite and monticellite microcrysts are common in the porous, sandy clay-rich matrix. The company has prepared individual bulk samples measuring 160 kg in total from drill holes located on the NW to SE drill fence for testing at CFM Labs in Kelowna, B.C. Hole PP-20-10 stepped out approximately 100 m east of PP-20-09, initiating a new W to E fence. Additional shallow drilling will be conducted to test the eastern limits of the conductance anomaly while the company awaits drill permits to drill test various magnetic anomalies associated with the Cross Lake fault structure. Announcement • Jul 10
RJK Explorations Ltd. announced that it has received CAD 0.6 million in funding On July 7, 2020, RJK Explorations Ltd. (TSXV:RJX.A) closed the transaction. The company has paid CAD 4,000 in cash and issued an aggregate of 20,000 non-transferrable warrants to National Bank Financial, an arm’s length finder. Each brokers warrant entitles to purchase one common share at a price of CAD 0.20 for a period of one year from the closing date of the Offering. All securities issued in the transaction are subject to hold period ending November 8, 2020. 