Tickers: XTSX:KNX
Tags: Mining
Val-d'Or, Quebec / TheNewswire / April 26, 2018 - Knick Exploration Inc. (TSX-V: KNX) Knick would like to highlight that 300 meters is a similar distance between the Marban Mines, 900 Level (-275m) "below surface" and Knick's East-West Property boundary along strike. The closest Marban resources area is about 100 meters from the East-West property boundary (see figures below).
Recent drilling on the gold trend of the East-West property returned 31 g/t gold over 1.25 metres in hole EW-16-06 and 0.5 g/t over 34.9 metres (including 6.6 g/t gold over 2.0 meters) in hole EW-17-20 located 200 metres along strike (down hole widths). A total of 100 holes drilled between 2009 and 2017 have hit the Marbenite structure above 200 metres (Knick, 2017 NI 43-101 Technical Report).
Research and Data:
The company has received calls from both Knick and Osisko shareholders asking if we are in contact as Knick and Osisko properties share the same geological package based on the Quebec Sigeom provincial database.
From all the available drilling information the company has reviewed in the Marban Gold Deposit area (owned by Osisko Mining-OSK) the footwall of the deposit is passing through the East-West property following a plunge toward the east.
As of December 31, 2017 Osisko, Mining MD&A reported 1.60 M Ounces gold in the Measured and Indicated Category on the Marban Project at a grade of 1.30g/t gold (Osisko Mining, Management`s Discussion And Analysis, December 31th, 2017). The Marban deposit has already produced about 330,000 ounces at a grade of 5.3 g/t from 1961 to 1974 from underground.
Knick has conducted three drilling programs since acquiring the property. The first program consisted of 38 holes for a total of 7,228.9 m drilled from July 7 to December 20, 2009. The second totalled 5,635.4 m in 33 holes drilled from February 2, 2011 to April 2, 2011. The third totalled 6,864 m in 29 holes drilled from October 31, 2016, to March 5, 2017. This drilling information is mostly located above a vertical depth of 200 metres. There has yet to be in ground resources identified on the property. Drill results released by Knick to date support the gold systems potential over a strike length of about 1.5 km.
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Reference Report?: NI 43-101 Technical Report pertaining to THE: EAST-WEST property, Val-d'Or Area, Northwestern Quebec, Abitibi Region, NTS 32C04, November 21, 2017, Prepared for: Knick Exploration Inc., By: Donald Theberge, P. Eng., M.B.A.
NI 43-101 Updated Mineral Resource Technical Report, Marban Block Property, Quebec, Canada prepared for Niogold Mining Corporation, August 15, 2013, Effective date June 1, 2013, by Michael M. Gustin CPG and Peter Ronning, P. Eng.
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.
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We seek Safe Harbour.
Forward-Looking Statements
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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 Cell.
819-874-5252 819-210-1406
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