RJK options Quebec ground

Although general activity is a mere shadow of what it was a year ago, junior companies are still exploring for base metals in the Lac Rocher area of Quebec. The latest entrant is RJK Explorations (RJX-V), which acquired rights to 40 claims about 10 km south of the original Nuinsco nickel discovery.

RJK was attracted to the region by reports that a 1999 road cut had exposed a deformed, altered and locally silicified zone that is more than 25 metres wide. Three grab samples returned high values in zinc and copper.

While geological and geophysical information is limited, RJK has initiated ground geophysical surveys over the showing area.

The junior can earn a 100% interest in the land package by paying $95,000 and 300,000 shares over three years. The vendors retained a 3% net smelter royalty, half of which can be purchased for $1.5 million.