2015-11-19 02:40 ET - News Release
Mr. Gordon Henriksen reports
KNICK TO PUBLISH NEAR-SURFACE EAST-WEST PROPERTY DRILL TARGETS
Not many mining exploration companies have the opportunity to drill
test for a potential near-surface resource adjacent to a property that
contains combined resources of 1,531,000 ounces of gold as of August,
2013. This opportunity is implied by Knick Exploration Inc.'s latest
So far, the company has established a series of drill
targets aiming at developing a resource on strike of the Marban deposit
adjacent to the west of Knick's East-West property. Tracing the
marbenite fault within its East-West property this summer became a
milestone for the company. It strongly believes that the potential
extension of the Marban mines footwall zone, within the Marban
geological corridor, host to the marbanite fault, continues toward and
onto the western portion of Knick's East-West property. The corridor and
specifically the marbenite fault traversing the East-West property have
indicated their gold-bearing nature on the property by surface gold
showing distributions, which encompass a width of 600 metres.
is not looking for the typical quartz gold veining, although veining is
a welcome bonus; however, a massive geological unit, according to the
company's recent review of the 2009 to 2011 drilling campaign and
associated fieldwork, offers a series of prospective drill targets with
potential for outlining a near-surface resource.
of the drill targets, to be published in early December, will reflect
key knowledge and understanding of mineralized trends and potential zone
extensions. These trends and extensions are already supported by
drilled intervals and detailed magnetic data. Additional targets are also in place at depth and further along strike of the known gold mineralization. Knick
is preparing a fundraising effort through the offering of eligible
units of Quebec flow-through shares. The use of proceeds from that
financing will be aimed mostly at drill testing the Marban mines
footwall extension on its East-West property.
property is located along the Trans-Canada Highway of the Val
d'Or-Malartic mining camp in Quebec, Canada. The property is sandwiched
between Osisko Royalties/Niogold Mining Corp., Marban deposit, to the
west, and Wesdome Gold Mines, Kiena mine complex, to the east.
Currently the company is receiving enjoyment from the continuing research on this gold project. Niogold/Osisko
Royalties' project has a combined total of 1,531,000 ounces of gold
(NI 43-101 updated mineral resource technical report, Marban block
property, Quebec, Canada, prepared for Niogold Mining, Aug. 15, 2013,
effective date June 1, 2013, by Michael M. Gustin, CPG, and Peter
Ronning, PEng, Section 14.16, page 151).
We seek Safe Harbor.