Kirkland Lake, Ontario ?September 12, 2012, RJK Explorations Ltd. is forwarding a copy of the attached Bull Marketing Run to those shareholders and interested parties registered on our internal email mailing list. If you wish to unsubscribe to our mailing list please click on this link
THE FOLLOWING IS FROM WWW.BULLMARKETRUN.COM
Parlane Resource Corp. (PPP, TSX-V) & RJK Explorations (RJX.A, TSX-V): New Gold Takeover Targets?
$B!H(BWe Want To Control Everything In The Area$B!I(B ? New Gold Inc. Executive Chairman Randall Oliphant
Buried in the depths of New Gold Inc$B!G(Bs (NGD, TSX) web site is a very juicy piece of audio from a speech just the other day that clearly underscores some no-brainer opportunities for investors centered around the prolific Blackwater district in central British Columbia$B!D(Bas regular BMR readers know, we were very early to the Blackwater story (late 2009) and Richfield Ventures became a 10-bagger for some of our readers after it got taken out by New Gold just over a year ago$B!D(BNew Gold also swallowed up Silver Quest Resources and Geo Minerals, and then paid $6 million earlier this year to Gold Reach Ventures for its Auro and Auro South claims at Blackwater$B!D(B
But New Gold, which has already built up a land position of 1,000 square kilometres in the area, is likely far from finished in terms of acquisitions based on comments made by Executive Chairman Randall Oliphnat at the recent Bank of America Merrill Lynch 18th Annual Canada Mining Conference in Toronto$B!D(Bwhile he didn$B!G(Bt of course single out Parlane Resource Corp. (PPP, TSX-V) or RJX Explorations(RJX.A., TSX-V), it goes without saying that those two companies both hold very strategic and sizable land packages at Blackwater that have to be of strong interest to New Gold$B!D(B
And both Parlane and RJK are gearing up for the start of drill programs ? RJK is going back to its Blackwater East and Northwest properties, where it made an interesting Silver discovery earlier this year (3.3 metres near-surface grading 79 opt), and will also conduct initial drilling at its Blackwater West and Dave 2 properties$B!D(BParlane has a 10,000-metre drill permit in hand and is almost ready to begin tackling its very promising 14,000-hectare Big Bear Project strategically located between the Capoose and Blackwater deposits$B!D(BParlane has just 28 million shares outstanding with a current market cap of only $5 million$B!D(B
New Gold has an incredible 18 rigs in operation at Blackwater where it has greatly expanded the resource since acquiring Richfield$B!D(B recent assays demonstrate strong continuity of Gold mineralization as the resource continues to expand, particularly to the north and northwest$B!D(Bwhat$B!G(Bs especially interesting is that beyond the positive Gold-related results, recent assays have also returned some of the highest Silver grades found on the deposit to date$B!D(Bas a result, the inferred Silver grades have increased by 103% to 7.7 g/t when compared with the March, 2012, resource estimate$B!D(Bthese results occur within a zone of higher grade Silver mineralization along the outer northwestern portion of the mineral resource$B!D(Bthis zone offers excellent potential for expanding the Silver resource at Blackwater and is an area of strong exploration focus for the company$B!D(B
Below are excerpts of Oliphant$B!G(Bs speech the other day (highlighted areas, our emphasis) ? how long will it take for New Gold to take a run at Parlane and/or RJK?$B!D(B
$B!H(BThe resource continues to expand and this is probably the largest pure Gold discovery ever found west of Ontario$B!D(Bit$B!G(Bs not a well understood area$B!D(Bnobody knows where all this Gold came from$B!D(Bwe have a Capoose property that$B!G(Bs 25 kilometers away, that$B!G(Bs already 800,000 ounces of Gold and 56 million ounces of silver$B!D(Bthese deposits never seem to statistically happen in isolation where you have a 10 million ounce deposit, and nothing else around, whether it$B!G(Bs a 2 or 4 million or 5 million ounce deposit as well$B!I!D(B
$B!H(BSo what we$B!G(Bve done is we$B!G(Bve worked to try and increase our land position and we$B!G(Bre now up to about 1,000 square kilometers, because frankly the geologists don$B!G(Bt know what the source was of all this gold$B!D(Bwe want to control everything in the area from the perspective of dealing with First Nations, of having complete flexibility of where we put tailing stands, waste, dumps, not having to lay that on other people$B!G(Bs ground$B!D(Bour drilling is remarkably aggressive this year$B!D(Bwe$B!G(Bre going to drill about 250 kilometers of drilling$B!D(BI read somewhere that this could be the most extensive drilling program going on in mining right now, but we$B!G(Bre both trying to upgrade our resource and also expand the size of it$B!I!D(B
$B!H(BThe cost of building Blackwater, we can fund internally with the cash flows that we have$B!I!D(B
$B!H(BWe just announced that we$B!G(Bre actually going to have a breakfast to bring out the preliminary economic assessment of Blackwater, here in Toronto, on September 20$B!m!D(B
$B!H(BOne of the calling cards of our company and one of the reasons why we thought that we wanted to get involved in Blackwater was our teams in British Columbia have an outstanding relationship with all the First Nations groups$B!D(Bin fact our local chief was at PDAC here in Toronto, about a year and a half ago, talking about the model that we have and he$B!G(Bd like to see it rolled out all across Canada$B!D(Bthat$B!G(Bs made things a lot easier for us in dealing with First Nations in British Columbia$B!D(Bwe already have, and they weren$B!G(Bt even required, letters of support, to support our multi-year exploration permits$B!I!D(B
Parlane has been firming up just recently on increased volume and is looking quite bullish on the charts with 50 and 200-day moving averages just reversing to the upside$B!D(Bit closed yesterday at 18.5 cents$B!D(BRJK likely hit bottom in May at 8.5 cents and closed yesterday at 10.5 cents$B!D(B
Doug McKay
DMA 250-567-0420