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Published: 07 September 2016
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Written by Editor
Knick's East-West Gold Property 2016 Drilling
Val d’Or, Québec, Canada, September 7, 2016 Knick Exploration Inc. (“Knick”) is pleased to announce for its anticipated drill program of this October, on its East-West gold property, Knick’s geological research results related to the comparison of its neighbours on strike, Wesdome Gold Mines Ltd. (TSX:WDO) Kiena Mine and Osisko Mining Inc. (TSX: OSK) Marban Mine. Knick's 100% owned East-West property in the Val d'Or mining camp of Quebec Canada. There is no guarantee that similar gold mineralization is present and or will be found on the East-West property.
Sources: Technical Report on the Marban Block: Updated Mineral Resources, Marban Block Property, Québec, Canada, Gustin M.M., Ronning P., June 2013. Technical Report for the Quebec Wesdome Project, InnovExplo inc. December 2015.
The East-West Property
The East-West property is straddled by a 500 meter corridor encompassing mafic-ultramafic rocks which have been tightly folded and injected with quartz veins. Significant alteration halos of chlorite-carbonate and albite occur on Knick’s property similar to what has been documented in its neighbour’s deposits. Down dip
extensions of known mineralization below 200m on the East-West property have yet to be tested while the ore bodies of the Val d’Or mining camp typically exceed 1000 meters depth.
- Knick has identified 10 particular historical drill holes inside the property which show a possibility of defining gold mineralization over significant widths, in the range of 15 to 80 metres, with grades varying from 0.5 grams of gold per tonne up to 8 grams of gold per tonne (reference² NI 43-101).
- The historical sampling was of incomplete core intervals representing between 10 to 70% of core length. Systematic sampling of new core is required to confirm historical mineralized intervals.
The East- West property was initially drilled for high grade quartz veins and these holes were not sampled in most of the cases along long intervals. As an example, the particular 10 historical drill hole intervals identified have been sampled at the level of 15 to 67% of the core lengths in the implied historical mineralization envelope.
The approach now chosen by Knick focuses on the identification of wide mineralized intervals based on a deformation and alteration context. The recent core observations demonstrated that altered basalts units affected by alteration, minor quartz veining, and occasionally pyritization, is the preferred environment for
wide gold enrichment zones.
The following table outlines actual results from the 10 particular drill holes identified, highlighting the percentage of core length historically sampled, and the averaged gold obtained over the indicated widths,with the un-sampled lengths of the core considered at zero grams per tonne. Thus, they represent a potential
upside if targeted areas were re-assessed by drilling.
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Hole Number
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From (meters)
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To (meters)
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Grade (g/t Au)
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Core Length
(meters)
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Interval sampled (%)
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CD-20
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146,61
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167,18
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1.20
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20,57
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18
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CD-55
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102,26
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146,76
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5.60
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44,50
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15
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CD-78
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125,27
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160,93
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9.00
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35,66
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15
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|
|
|
|
|
|
|
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CD-140
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56,39
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84,12
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0.79
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27,73
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26
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CD-142
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94,03
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131,37
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1.65
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37,34
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22
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CD-149
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100,89
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142,49
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4.30
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41,60
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12.5
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CD-156
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163,5
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201,17
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8.0
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37,60
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10
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CD-169
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208,94
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227,69
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0.61
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18,75
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58
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CD-172
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66,75
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83,67
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6.70
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16,92
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21
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CD-84-10
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80,47
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160,93
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0.80
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80,46
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59
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80,47
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106,68
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2.15
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26,21
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67
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All 10 holes are located in the western area of the East-West property.
The company’s East-West gold property Drill Program Proposal and Methodology and the currently updated NI 43-101 technical report are posted on the company’s website at www.knick.ca. The drill program has been developed by Mr. Martin Demers P. Geo. from Knick’s ongoing research of the East-West gold property. Mr. Martin Demers was instrumental to the restart of the Casa Berardi Mine by Aurizon Mines in 2006. He has intimate knowledge of the Marban property which he acquired when he was actively involved with Aurizon Mines original joint venture with Niogold mining Corp which developed into the involvement of the property subsequently by Oban mining and more recently Osisko mining.
Wesdome’s Kiena Mine Complex Latest Discovery
Wesdome’s (TSX: WDO) Kiena Mine Complex to the east of Knick’s East-West property where ongoing exploration work is returning positive results. Wesdome highlights include 94.35 grams per tonne (g/t) gold over 17.4 meters, 223.12 g/t gold over 14.25 meters (uncut and downhole widths) and Mr. George Mannard
V.P., Exploration of Wesdome, in their press release of August 24, 2016, commented, “These early results exceed expectations, and these rich veins are unlike anything previously encountered at this property. Three holes have been completed to date hitting four high grade intersections. More drilling is underway and is
required to define the geometry, true widths and extent of this extraordinarily rich mineralized system.”
Osisko Mining’s Marban Mine Deposit Area
The Marban property is reported to contain combined resources of 1.531 million ounces of gold as of August 2013 (reference¹ NI 43-101, section 14.16, p.151 Marban, Block Resources).
References: ¹NI 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, section 14.16, page 151. ² NI 43-101, Up Dated- Technical Report on The East-West Property, posted on the Knick website.
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, 3 rd Avenue 536, 3 rd 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
