RCJ Resources expands Sakoose mineralized zone

Drilling by RCJ Resources has extended the known dimensions of the Sakoose gold zone. Located in northwestern Ontario, the Sakoose mine was a former producer which yielded 3,669 oz of gold from ore grading 0.41 oz gold per ton.

The 4,000-ft rcj drill program was designed to test the main quartz vein structure at depth west of the main shaft. The drill program extended the zone to a vertical depth of 525 ft and 525 ft down plunge from the lowest mine workings. Results from the drill program are listed below.

Hole Width Assay

Central Zone (ft) oz au/t

1 1.0 0.40

2 No values.

Tested upper workings West Zone

3 0.9 0.10

4 2.7 0.20

22.3 0.30

5 Abandoned

5A Assays pending

6 9.2 0.41

7 4.6 0.11

8 2.5 0.12

1.0 0.04

1.0 0.11

9 3.4 0.10

10 1.7 0.60

Holes four and five suggest that the mineralized zone plunges to the southwest within a steeply dipping quartz vein structure. Gold is associated with a black quartz vein proximal to a quartz-feldspar porphyry.

During its production years, the mine was accessed via a 165-ft vertical shaft and three levels. These workings have been dewatered to the 75-ft level in preparation for underground exploration.

rcj, which is headed by well- known Canadian geologist Laurence Curtis, has a strong Australian connection, via director Derek Fisher. Fisher, also a geologist, is a principal of Black Swan Gold Mines, a successful Australian gold producer.

Other properties in rcj’s portfolio include the 104-claim Rochebaucourt project in Quebec. Located 80 km north of Val d’Or, the property has geology which is analogous to that occurring in the Harker-Holloway area in Ontario. American Barrick Resources is developing a 100,000-oz-per-year mine in Holloway Twp. “It’s a conceptual play,” Curtis explains, pointing out that sedimentary trends and parallel geophysical conductors abruptly stop at an east- west striking shear zone — similar to that found at the Barrick mine site in Holloway Twp.

The property has been optioned to Greater Pacific Investments, an Australian company which has the right to earn a 50% interest by funding exploration.

Near Red Lake, Ont., rcj owns a gold property which has been optioned to Western Canadian Mining Corp. Previous drilling on the property, known as the Blanchard, returned several high grade sections. These include 13 ft grading 0.39 oz and 16 ft assaying 0.57 oz gold.

In Australia, the company is involved in two projects. The first is an epithermal gold target in Queensland. In New South Wales, the company has a lease which protects a former small tonnage high grade producer.

At the company’s annual meeting scheduled for April 18, management will propose that rcj change its name to Venturex International Mining Corp. The latter is the name of the private company which was merged with rcj and provided the property portfolio.