Knick Acquires 9 Claims in the Area of its Trecesson Property
Val-d'Or, Quebec / TheNewswire / August 15, 2016, - Knick Exploration Inc. (TSX-V: KNX) is pleased to announce the acquisition of 9 claims to its Trecesson gold, tungsten and base-metal project property area of Trecesson, Quebec. The claims were acquired from a local prospector for 500,000 common share of Knick. The claims are subject to a 2% net smelter return with a buy back of 1% for 1 million dollars.
The claims are located near where in 1935 Nortrac Gold Mines sunk an inclined shaft for 38 meters to the 33 meter level and 330 meters of drifting were completed. A shoot of 2,500 tonnes grading 10.3 g/t gold was removed and an 18 meter by 1.8 meter cut of the vein at this level assayed 14.4 g/t gold. Quebec Mining and Smelting in 1940 noted tungsten in a bulk sample of vein dump material which assayed 6.8g/t gold, no tungsten values reported. The shaft area is referred to as the Chib-Kayrand Mine.
The property is located approximately 12 km north west of the city of Amos and 50 km north-north west of the city of Val d'Or.
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.
The company also wishes to announce, in agreement with the TSX Venture Exchange, that the private placement announced on June 2, 2016 will continue until September 15, 2016.
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
819-874-5252 819-874-5252
819-856-1387 819-210-1406
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