RJK Signs Claims Swap Agreement with Electra Battery Materials Corporation.
P.O. Box 1053, 4 Al Wende Avenue, Kirkland Lake, ON P2N 3L1 Tel: (705) 568-7956
“Searching for the Source of the 800 Carat Nipissing Diamond”
RJK Signs Claims Swap Agreement with Electra Battery Materials Corporation.
Kirkland Lake, Ontario – March 8, 2022 – RJK Explorations Ltd. (TSX -V: RJX.A, US OTC. RJKAF) (“RJK,” or
“the Company”) is pleased to announce that RJK and Electra Battery Materials Corporation (“EBM”) have
agreed to an exchange of mineral claims and relate d rights, first discussed in November 2021, whereby RJK
has agreed to give up its option, previously granted to it by EBM, to acquire any interest in certain mineral
claims located within the larger EBM claims block located in Coleman, Gilles Limit, Lorrain, South Lorrain, and
Bucke Townships, currently under option to Kuya Silver Corporation, in exchange for outright ownership of
certain mineral claims located in Lorrain and Bucke townships.
Upon the closing of the transaction, RJK will gain a 100% intere st in three areas, consisting of 42 mineral
claims located in Lorrain Township and 11 mineral claims located in Bucke Township, subject to a 2% NSR
(base and precious metals) and a 2% GORR (diamonds). The NSR and GORR are subject to a buy -back per
claim block of 1% for $500,000 and the remaining interest for $1,000,000. At the same time, RJK will give up
its option to acquire any interest in 52 EBM mineral claims in Coleman, Gillies Limit, Lorrain, South Lorrain,
and Bucke Townships.
The 1,400-hectare Chown Block contains a large VTEM Conductance Anomaly (refer to Figure 1), similar to
the Nicol VTEM Conductance Anomaly which RJK drill tested by Reverse Circulation Drilling in January, 2021.
The Nicol anomaly intersected 4.5-5 m of kimberlite, below 2 m of overburden, located at the north-eastern
edge of this geophysical feature. The geochemical results of Nicol kimberlite by CFM Labs was highlighted as
potential to host large diamonds (>50 carats) and good diamond preservation chemistry. (Refer to RJK Press
Release - August 25, 2021) The main body of the Nicol anomaly has not yet been drilled.
The Chown anomaly is located slightly to the north-west of Nicol and has dimensions of approximately 2,000
meters in length by approximately 5-600 meters in width. In 2021, RJK drilled two vertical Reverse Circulation
Drill holes on the extreme north -eastern limits of this anomaly, with one intersecting kimberlite at surface
before entering bedrock at 1.5 m. Additional drilling will be completed to determine if this a nomaly
represents a new kimberlite body.
“Searching for the Source of the 800 Carat Nipissing Diamond”
Web Site: http://www.rjkexplorations.com
Figure 1: Chown Block showing Claim locations and VTEM Conductance Anomaly
P.O. Box 1053, 4 Al Wende Avenue, Kirkland Lake, ON P2N 3L1 Tel: (705) 568-7956
“Searching for the Source of the 800 Carat Nipissing Diamond”
Figure 2: Updated RJK Property Map
The Bucke mineral claims located approximately three kilometers west of the town of Haileybur y Ontario,
contains the Peddie kimberlite pipe. The Peddie Kimberlite was discovered in 1996 with 2 drill holes testing
a positive magnetic high having dimensions of 1.8 hectares. In 2006, a shallow trenching program exposed a
portion of the kimberlite logged as hypabyssal facies kimberlite. Micro-probe analyses of kimberlite indicator
minerals recovered from a 55 kg sample recovered eclogitic garnets with 1 G10 and ilmenite grains indicating
a reducing environment favourable for diamond preservation. There was no caustic fusion testing for micro
diamonds performed at that time. RJK will evaluate various proposals involving additional bulk sampling using
“Searching for the Source of the 800 Carat Nipissing Diamond”
Web Site: http://www.rjkexplorations.com
sonic drilling and/or excavator trenching.
Glenn Kasner stated, “This is an important transaction for th e Company enabling RJK to acquire a large land
package with a known kimberlite structure, as well as, a prospective VTEM anomaly which could represent
another substantial kimberlite body. In our historical research of the Nipissing Diamond, the Chown Lake
area was another possible location for the origin of the 800 Carat Nipissing Diamond and with this
arrangement it now allows us to fully explore this theory. I would like to thank Trent Mell President and CEO
of Electra Battery Materials Corporation, David Stein President and CEO of Kuya Silver Corporation and
especially David Lewis Exploration Director for Kuya Silver Corporation for their assistance and work to
complete this transaction.”
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
Gino Chitaroni, President
Mobile: 705 648 9956
Glenn Kasner, CEO
Mobile: (705) 568-7567
Web Site: https://www.rjkexplorations.com/
Company Information: Tel: (705) 568-7445
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This news release includes certain forward -looking statements, which may include, but are not limited to, statements concerning
future mineral exploration and property option payments. Any statements contained herein that are not statements of historica l
facts may be deemed to be forward -looking, including those identified by the expressions "will" , "anticipate", "believe", "plan",
"estimate", "expect", "intend", "propose" and similar expressions. Forward -looking statements involve known and unknown risks
and uncertainties that could cause actual results, performance, or achievements to differ mater ially from those expressed or
implied in this news release. Factors that could cause actual results to differ materially from those anticipated in this news release
include, but are not limited to, the financial resources of the Corporation being inadequat e to carry out its stated plans. RJK
assumes no obligation to update the forward -looking statements or to update the reasons why actual results could differ from
those reflected in the forward-looking statements except as required by applicable law.