Val-d'Or, QB / ACCESSWIRE / April 22, 2014 / Knick
Exploration Inc. (TSX-V: KNX) is pleased to provide a
corporate update on its Trecesson, East-West and Malartic West
properties in Quebec and its Ogden and Triple Lake properties in
Ontario.
The Trecesson Property is suggestive of the Bourlamaque
Batholith area of Val d'Or which is host to multiple gold and base
metal deposits. Key areas of the Trecesson property include:
1) The Cossette Gold Vein System is ready for the Phase II drill
program targeted to develop tonnage toward a 43-101 resource over a
strike length of 845 meters.
2) The Chib-Kayrand Area has numerous gold ? tungsten veins
including:
i) The #9 Vein which has been traced for over 450m, has 5 high
priority drill targets and includes:
A) Drilling under the area where in 1951, G. Dumont reported
that a 13,500 lb. (6,136 kg.) bulk sample assayed 0.45% WO3.and
2013 grab samples by Knick ran 0.64%, 0.63% and 0.55% tungsten
tri-oxide(WO3), (previously reported Oct 8, 2013).
B) Drilling under the area where a grab sample by Knick assayed
420.37g/t gold (previously reported Oct 30, 2012) returned 0.2%
tungsten-trioxide (previously reported Oct 8, 2013).
ii) The "Scheelite Vein" a drill ready target which has a
geophysical (I.P.) anomaly that has been traced for 250m coincident
with the "scheelite Vein". Historic reported values of 0.53 to
16.89% tungsten tri-oxide were found however there was no mention
of gold assays. It was rediscovered by Knick in May 2012 during
routine prospecting. Of 11 preliminary grab sample by Knick, 27.3%
assayed greater than 1.0g/t gold, including 5.5g/t, 7.4g/t and
51g/t gold (previously released June 19, 2012) and subsequent chip
channel sampling results of 10 samples taken returned: 5 samples
having anomalous gold; greater than 0.37g/t and 5 samples greater
than 1.0g/t, including 23.9g/t over 0.25m (previously released
Sept. 17, 2013).
Note: World demand for tungsten is continuing to increase. China
controls approximately 80% of the tungsten market followed by the
former USSR with about 8%. Typical grades for tungsten are 0.3 to
1.5% tungsten tri-oxide for veins, lower for stockworks.
iii) A Phase I plan for drilling the #1 Vein to potentially
outline tonnage by a systematic sequence of holes along 900 meters
of the gold vein system is being prepared. Targets to date include
testing at depth under the old mine workings of Nortrac Gold Mines.
In 1935 Nortrac sunk an inclined shaft for 38 meters to the 33
meter level and 330 meters of drifting completed. An inferred shoot
of 2,500 tonnes grading 10.3 g/t gold was removed from the 33 meter
level and an 18 meter by 1.8 meter cut of the vein at this level
assayed 14.4 g/t gold. The shaft area is referred to as the
Chib-Kayrand Mine. Historically stripping results indicate that
this vein was traced on surface for 24 meters at an average width
of 1.7 meters, assaying 11 g/t gold (Tungsten reported-no values
given).
Mechanical stripping by Knick in 2013 exposed "Vein No. 1". A
total of eight samples were taken of which seven returned gold
including 14.89 g/t, 12.58g/t, 8.52g/t, 2.39g/t confirming historic
results (previously released Sept.24, 2013).
2) The Mondor/Raymor Area is located 5km east-southeast of the
Cossette Gold Vein System Area. The Mondor/Raymor Area is host to
the historical Mondor/Raymor (zone A) deposit. The deposit is a
historical mineral resource categorized as 0.5 million tonnes
possible at 5.5g/t gold (MNRQ, sigeom-2000-07-07, metallic deposit,
reserve document reference GM 47762).
The area is underlain by felsic to intermediate volcanic rock
which is evident in a previous mechanically stripped area covering
approximately 300m x 50m exposing gossans and sulfides rich
zones.
At present research is ongoing on the Trecesson Property. Age
dating results of the Trecesson Batholith are anticipated in the
near future. Preliminary field examinations of potentially
mineralized plugs and circular magnetic anomalies peripheral to the
Trecesson Batholith will commence when the snow is gone.
The East-West Property is under option to Rogue Resources Inc.
(TSX-V: RRS).
The Malartic West Property is under option to Geonovus Minerals
Corp. (TSX-V: GNM).
The company is seeking partnerships on the Ogden Gold Property
in Timmins West and the Triple Lake Gold and VMS Property in South
Timmins, Ontario.
References:
1) NI 43-101 Technical Report Pertaining To: Trecesson Property,
Abitibi Area, Quebec, Canada, January 20, 2012 updated on March 25,
2013, by Donald Theberge, Eng., M.B.A. available on Knick's web
site at www.knick.ca.
2) Knick press releases are available in the news room on
Knick's web site at www.knick.ca.
Grab samples are selective by nature and are unlikely to
represent the average grade of the mineralized zone.
Samples were sent to Expert Laboratory in Rouyn-Noranda, Quebec
for analysis.
Fire assay, multi element scan and XRF method were implemented
for analysis.
Standards and blanks are submitted by Knick routinely to insure
quality control.
Gordon N. Henriksen, P.Geo., Vice President of Knick
Exploration, is the Company's qualified person as defined by
National Instrument 43-101. He has reviewed and approved the
contents of this press release.
We seek Safe Harbour.
Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this press release.
This Press Release includes forward-looking statements that
are subject to risks and uncertainties. All statements within,
other than statements of historical fact, are to be considered
forward looking. There can be no assurances that such statements
will prove accurate and, therefore, readers are advised to rely on
their own evaluation of such uncertainties.
FOR MORE INFORMATION, CONTACT:
Jacques Brunelle Gordon N. Henriksen
President & CEO Vice President
Knick Exploration Knick Exploration
536, 3rd Avenue 536, 3rd Avenue
Val-d'Or, Quebec Val-d'Or, Quebec
J9P 1S4 J9P 1S4
Office Office
819-874-5252 819-874-5252
Cell Cell
819-856-1387 819-210-1406
SOURCE: Knick Exploration Inc.
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