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As of 10:40 AM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

rojo resources ltd (RJ) Snapshot

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08/8/14 - C$0.20
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rojo resources ltd (RJ) Details

Rojo Resources Ltd., an exploration stage company, engages in the exploration and development of mineral properties in Canada. It has an option to earn a 25% interest in approximately 700,000 acres of land in seven properties located in the Athabasca basin of northern Saskatchewan. The company was formerly known as Lucky Strike Resources Ltd. and changed its name to Rojo Resources Ltd. in February 2015. Rojo Resources Ltd. is based in Vancouver, Canada.

rojo resources ltd (RJ) Top Compensated Officers

Chairman, Interim Chief Executive Officer and...
Total Annual Compensation: C$30.0K
Chief Financial Officer, Treasurer, Corporate...
Total Annual Compensation: C$24.0K
Compensation as of Fiscal Year 2014.

rojo resources ltd (RJ) Key Developments

Rojo Resources Ltd. Provides Results from Ground Based Horizontal Loop Electromagnetic Surveys

Rojo Resources Ltd. provided results from ground based horizontal loop electromagnetic surveys completed as part of the Western Athabasca Syndicate's (the syndicate) recently-completed exploration program at the Preston Uranium Project. The Preston property is strategically located proximal to Fission Uranium Corp.'s shallow, high-grade Triple R deposit, as well as NexGen Energy Ltd.'s Arrow discovery in the Patterson Lake region in Northwestern Saskatchewan. Based on the combined results of the 2014-2015 gravity and RadonEx surveys, six high priority targets were identified on which ground-based HLEM surveys were performed. Grids totaling 12.5 line-km were surveyed at the Syndicate's high-priority FSA, FIN, Dixon, and Canoe targets. Upcoming exploration plans: the results from the most recently-completed geophysical surveys, combined with exploration results from previous field work, are being used to prioritize and refine targets for a proposed drill program in July and August 2015 at the Preston Uranium Project. Details on this summer exploration and drill program are forthcoming. The Syndicate has recently carried out one of the large regional exploration programs in the underexplored SW region of the Athabasca Basin. A total of approx. $4.2 million in expenditures on the Preston Uranium Project has been incurred including ground gravity, airborne and ground EM and magnetics, radon, soil, silt, bio-geochem, lake sediment, and geological mapping surveys, as well as boulder prospecting and a nine hole exploratory diamond drill program. As a result of this exploration program, fifteen high-priority drill target areas associated with eight prospective exploration corridors have been successfully delineated using a methodical, multi-phased exploration technique. In addition, the Syndicate holds an extensive, proprietary geological database for the project area as a byproduct of its substantial exploration work over the past twenty months. The Preston Uranium Property is one of the large mineral tenure bases in the Western Athabasca Basin, directly proximal to Fission Uranium's Triple R deposit and the recent discovery made by NexGen Energy on the Rook-1 Project. The uranium potential of the area is highlighted by results from Fission Uranium's Patterson Lake South property with the announcement of the large, shallow, high grade Triple R deposit, which includes 79.6 million pounds at 1.58% U3O8 indicated and 25.9 million pounds at 1.30% U3O8 inferred.

Rojo Resources Ltd. Announces Executive Changes

Rojo Resources Ltd. announced that Ron Reider has resigned his position as President, CEO and Director. Allen Morishita will assume the role of President and CEO on an interim basis in addition to his position of Chairman.

Rojo Resources Ltd. Announces Western Athabasca Syndicate Discovers Significant Radon and Gravity Low Anomalies at Preston Uranium Project in the Patterson Lake Region of the Athabasca Basin

Rojo Resources Ltd. provided an update and report results of gravity and radon (RadonEx) surveys completed as part of the Western Athabasca Syndicate’s Winter Field Program at the Preston Uranium Project. The Preston Property is strategically located proximal to Fission Uranium’s shallow, high grade Triple R deposit as well as NexGen Energy’s Arrow discovery in the Patterson Lake region in Northwestern Saskatchewan. The 1,234 station gravity survey was completed over four grids in the Depper Lake area including one at the FIN target, one at the FSA target and two at the Dixon target. A total of seven circular gravity low anomalies were detected by the survey, located along prospective coincident EM conductors and magnetic breaks defined by the 2014 airborne VTEM survey. RadonEx radon surveys were subsequently completed over these seven gravity anomalies as well as at four additional gravity anomalies identified in 2014 at the Canoe target which is also endowed with coincident gravity, magnetic and EM anomaly features. The 273 station RadonEx survey returned significant radon cluster anomalies with up to 0.40 pCi/m2/sec in soil (RFM samples), and up to 10.36 pCi/l in water. For comparison, anomalous radon in soil results at Fission’s nearby PLS deposit range between 0.15 and 0.95 pCi/m2/sec, and anomalous radon in water results range between 2 and 13.3 pCi/l.


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