RJK Explorations Updates Progress on the On Strike Uranium Claim Groups in Ontario
RJK Explorations Ltd. wishes to announce that Green Bull Energy Inc., has updated the status of its 3 year option agreement to earn a 60% interest in RJK’s On Strike North and On Strike South uranium claim groups in the east Bancroft area of Southeastern Ontario.
GBE has recently entered into a Qualifying Transaction agreement with TAC Capital Corp. (TAC.P: TSXV), a capital pool listed on the TSX Venture Exchange. GBE also advises RJK that it has spent $125,000 to date on exploration over the claim groups with the intention of conducting more extensive exploration in the 2008-2009 season to fulfill its second year spending commitments. Their exploration included helicopter-borne radiometric surveys of both the North and South On Strike groups which revealed many uranium showings and radiometric anomalies. RJK also understands that Frontenac Ventures Corporation, a private company holding a substantial uranium claim group bracketed on both sides by the On Strike North and South claim groups, has now spent almost $5 million over the last two years on a very aggressive exploration program.