Cossette Gold System Extended and Indicates Widths at Its Trecesson Property
Val d'Or, June 21, 2017 - Knick Exploration Inc. ("Knick") is pleased to announce the overall extension of Cossette Gold System systems by 140 meters and an increase in the potentially mineralized swell widths. Results of tracing the system with short holes by the recent 2017 drilling on the property have increased the overall combined north and south area strike length to 495 meters and closed the gap of 500 meters between the Cossette north area and Cossette south area of the system to 365 meters. Step outs between drill holes were approximately 20 meters. The limited drill campaign was engineered: -
1)To trace and test the extension of the north and south areas along the prospective ground between believed to host, "dilation zone(s)" widenings, of the system with similar mineralization to that encountered in Knick's 2011 first phase drill campaign.
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2)To test one of the richer gold mineralized sections of the continuity of the system at deeper depths.
Hole TR-17-02, TR-17-03 and TR-17-04 confirms the presence of a dilation zone and hole TR-17-02 is considered to have intersected one of the richer gold mineralized sections of the system to date therefore drill holes TR-17- 23 to TR-17-33 were targeted to further investigate this area (results pending).
Below are the results from holes TR-17-01 to TR-17-22.
South Cossette Area
Hole From To Width Gold Silver Lead Section
Number Meters Meters Meters g/t g/t % Northing
TR-17-01 65.30 67.50 2.20 3.23 5391600
Including 65.30 66.00 0.70 9.09 29.70 3.49
TR-17-02 45.30 51.95 6.65 94.40 218.00 0.37 5391620
TR-17-03 27.55 27.85 0.30 2.97 5391620
TR-17-10 24.10 28.10 4.00 0.87 5391640
Including 24.75 25.80 1.05 3.25 6.20
North Cossette Area
Hole From To Width Gold Section
Number Meters Meters Meters g/t Northing
TR-17-13 59.00 59.70 0.70 2.88 5392080
TR-17-14 88.10 90.85 2.75 0.34 5392080
TR-17-17 42.60 45.50 2.90 0.48 5392035
Including 43.50 44 10 0.60 2.23
TR-17-19 53.10 59.40 4.30 7.24 5392001
Including 55.00 55.70 0.70 44.16
Intersections Indicative of Width Potentials of the Cossette Gold System
Hole From To Width Gold Section
Number Meters Meters Meters g/t Northing
TR-17-03 25.00 33.70 8.70 0.17 5391620
TR-17-04 10.15 16.00 5.85 0.10 5391640
20.80 30.30 9.50 0.10
TR-17-12 106.06 111.00 4.40 0.15 5391880
TR-17-15 61.80 65.10 3.30 0.17 5392113
TR-17-16 90.60 91.75 1.15 0.13 5392113
N.B. All core widths are down hole widths. Results from hole numbers in italics were previously announced June 15, 2017.
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.
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
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, President & CEO
Cell 819-856-1387
Gordon N. Henriksen, Vice President
Cell 819-210-1406
Knick Exploration
536, 3rd Avenue 536, 3rd Avenue
Val-d'Or, Quebec J9P 1S4
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