Tickers: XTSX:KNX
Tags: Mining
Val-d'Or, Quebec / TheNewswire / October 6th, 2015, - Knick Exploration Inc. (TSX-V: KNX) is pleased to report ongoing activities on it 100% owned East-West property. The East-West property is located along the Trans-Canada Highway of the Val d'Or-Malartic mining camp, Quebec, Canada. It sandwiched between great neighbours, Osisko Royalties (TSX-T: OR)/Niogold Mining Corp. (TSX-V: NOX); Marban deposit, to the west and Wesdome Gold Mines (TSX-T:WDO); Kiena Mine complex; to the east.
The ongoing core review and field work have lead to following observation:
The Marbenite fault or branches of it passes through the East-West Property.
This structure is host of the Marban deposit adjacent to the west of the property and the Kiena Mines complex to the immediate east of the property side. The gold bearing nature of the Marbenite fault which traverses the East-West property is illustrated by its surface gold showing distribution which encompasses a 600 meters wide corridor.
Both the Gilbert and Raven gold occurrences are host to strong alteration and veining systems with channel sampling grades reaching locally more than 10 g/t gold over metric widths (References, Knick Press Release november 4, 2011 , see figure below).
Historically, the Marbenite fault system was interpreted as passing north of the East-West Property. With this new interpretation based on detailed examination of outcrops in the field and hole to hole comparison of drill data it is evident that the East-West Property is better positioned relative to the surrounding ground where major mineralized systems are known and historical production has occurred than previously believed.
Presidential comment:
With the Marbenite fault system well located on and traversing our property a wider range of possibilities/opportunities exist for potential gold deposits as implied by this favourable geologic structure. Millions of ounces of gold have been found over decades on ground adjacent to both sides of our East-West property's boundaries. The ongoing research has developed multiple new high priority drill targets.
Knick press releases are available in the news room on Knick's web site at www.knick.ca
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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
Val-d'Or, Quebec Val-d'Or, Quebec
819-874-5252 819-874-5252
819-856-1387 819-210-1406
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