Mining property acquired.

• Author: GOULIQUER, DIANNE
• Position: Brief Article

Glacial floats found on property show "excellent mineralization"

Mining property recently acquired by RJK Explorations Ltd. and its joint-venture partner, Greater Lenora Resources Corp., may hold the key to unlocking the mystery behind two large, mineralized boulders found in the area last year.

The property, which has 15 claims on it, is located on the Shebandowan Greenstone belt in the townships of Aldina, Sackville, Marks and Adrian, about 50 kilometres west of Thunder Bay. The property was optioned to compliment the companies' current land holdings and contains untested airborne input conductors within rocks that may host volcanic massive sulphide-type (VMS) deposits, RJK Explorations president and chief executive officer Glenn Kasner says.

Additionally, an Ontario geological survey report revealed till sampling results from the eastern part of the Shebandowan Greenstone belt indicate highly elevated metal concentrations and typical VMS indicator elements within the area.

Two boulders, or glacial floats, found on the property last summer showed "excellent mineralization" of copper, zinc, gold and silver, and Kasner is confident the newly-acquired and relatively unexplored property will prove to be valuable.

"We think it's a good property and there's a very good chance that we'll make a discovery here," Kasner says.

As a result, RJK Explorations, and Greater Lenora Resources have focused 100 per cent of their attention on that area.

"There hasn't been a whole bunch of work done in the area in the past, so it's relatively new," Kasner says. "We're seeing other areas that look pretty interesting too, so if we can possibly get a discovery where we're working now, I think well be the area for quite some time looking at other things too."

Discovered by Thunder Bay prospector Dan Calvert last August, the two glacial floats weighed 10 and 15 tonnes respectively. The southernmost float, weighing 10 tonnes, consists of massive sulphides, predominately pyrite, while the northern float contains...