RJK prepares for drilling on Bishop Nipissing

RJK prepares for drilling on Bishop Nipissing

2019-02-28 13:07 ET - News Release

Mr. Glenn Kasner reports

RJK PREPARES TO DRILL THE FIRST POTENTIAL KIMBERLITE PIPES

RJK Explorations Ltd. has provided an update on the progress at its Bishop Nipissing diamond property. The company is currently plowing the logging road to access the first drill sites of the potential kimberlite pipes and drilling should commence shortly.

RJK completed several reports recently and they are all now available on the RJK website. A National Instrument 43-101 technical report on the Bishop Nipissing diamond property in Ontario, an NI 43-101 technical report on the Rolling Pond property in Newfoundland and a company presentation on the Bishop Nipissing diamond property. Each file can be found on their respective Web pages on the RJK website.

RJK is pleased to announce that the company and Tony Bishop, vendor of the Bishop Nipissing diamond properties, have agreed to reduce the GORR to 5 per cent, with a buyback clause on 2.5 per cent for $2.5-million within 90 days of the completion of a positive PEA or feasibility study.

The company also announces that it has granted an aggregate of 1.5 million stock options under the company's stock option plan to directors, of the company, with each option having an exercise price of 7.5 cents for a period of five years from the date of grant.

RJK will be attending PDAC in Toronto with a booth in the investors exchange section, booth No. 3328.

Both Glenn Kasner, president, and Tony Bishop, prospector, will be in the booth during PDAC, from March 3, 2019, to March 6, 2019, to tell the story and answer questions.

We seek Safe Harbor.

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