Knick Exploration Inc. Drills 6.65 Meters of 94.40 Grams per Tonne Gold at Its Trecesson Property
Val d'Or, June 15, 2017 - Knick Exploration Inc. ("Knick") is pleased to announce results from its first two holes on the second phase of drilling on the company's 100% owned Trecesson Property-Cossette gold system area. | Hole | From | To | Width | Width | Gold | Gold | Silver | Silver | Pb | |
| Number | Meters | Meters | Meters | Feet | g/t | oz/ton | g/t | oz/ton | % | |
| TR-17-01 | 65.30 | 67.50 | 2.20 | 7.22 | 3.23 | 0.094 | ||||
| including | 65.30 | 66.00 | 0.70 | 2.30 | 9.09 | 0.265 | 29.70 | 0.87 | 3.49 | |
| TR-17-02 | 45.30 | 51.95 | 6.65 | 21.82 | 94.40 | 2.756 | ||||
| including | 49.05 | 49.80 | 0.75 | 2.56 | 828.18 | 24.182 | 218.00 | 6.37 | 0.37 | |
| 73.95 | 77.20 | 3.25 | 10.66 | 0.29 | 0.008 | |||||
All core widths are down hole widths.
Hole TR-17-01 was drilled on Section 5391600N beneath hole TR-11-119 from Knick's 2011 drill campaign. The section is where Knick's 2011 phase I program was completed. Hole TR-11-119 had down hole intersections of 22.86g/t over 1.55m at a vertical depth of 5.6m and 95.72g/t over 0.02m at a vertical depth of 15m (previously reported Aug. 23, 2011). Hole TR-17-01 intersected the gold zone at 53 meters vertical.
The hole TR-17-02 was drilled 20 meters north along strike of TR-117-01 and intersected the gold zone at 33 meters vertical depth.
The Cossette gold zone is an assemblage of quartz veins and dykes hosted in granitic rocks of the metalliferous Trecesson "batholith". The batholith covers approximately 42km? and is host to gold, silver, tungsten, copper, zinc and lead mineralization. In 2011, drilling by Knick of the Cossette zone encountered true widths of the zone up 3.27 meters, Hole TR-11-61 returned 14.22g/t gold over 3.237m, previously reported?.
Compared with the company's 2011 drill campaign where the veining system was encountered up to 3.27 meters, true width, the 2017 drilling has intersected the zone with down hole widths up to 16 meters, an estimated true width of 12 meters. Knick cautions investors that the width of zone intersected represent the host structure and may or may not be mineralized in part or whole. Knick is anticipating its phase III drill program on the Trecesson Property later this year.
The property is located approximately 80 kilometers north and 10 kilometers northwest of the cities of Val D'Or and Amos, Quebec, Canada, respectively. A total of 33 holes have been completed for a total of 3,203.6 meters of core drilled. Logging and sampling of the core is ongoing.
Results from Knick's 2011 first phase of drilling gold highlights included: 14.22g/t over 3.80m (0.415oz/ton over 12.46ft), 22.69g/t over 1.95m (0.663oz/ton over 6.4ft) and 22.86g/t over 1.55m (0.667oz/ton over 5.08ft), all core widths are down hole widths. These results were previously reported along with others in Knick's news release of Aug. 16, 2011.
Samples were sent to Expert Laboratory in Rouyn-Noranda, Quebec for analysis.
Fire assay and metallic sieve methods were implemented for analysis as deemed warranted.
Due to the nature of the native gold mineralization occurring on the Trecesson Property, Metallic Sieve gold analysis was performed on all quartz veining to minimize "nugget effect" results and more accurately assess gold grades.
Reference: ? NI 43-101 Technical Report, Trecesson Property, Abitibi Area, Amos Region, January 20, 2012 updated on March 25, 2013 by Donald Theberge, Eng., M.B.A. Available on Knick's website at: www.knick.ca.
Project News Release References:
Feb. 12, 2010, Knick Exploration Acquires Gold Property Quebec
May 3, 2011, Drilling Starts Trecesson Gold Property
May 25, 2011, Knick Exploration Drilling Up Date
June 30, 2011, Knick Exploration Completes Phase I Drilling at Trecesson
Aug 16, 2011, Gold Highlights Trecesson Drilling
Aug 23, 2011, Cossette Gold System Drill Results
Sept.29, 2011, Cossette Gold System Positive Nugget Effect Confirmed
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
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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
819-874-5252 819-874-5252
819-856-1387 819-210-1406
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