Knick Exploration Inc.: Zinc - Potential VMS - Property Acquisition
Val-d'Or, August 24, 2017 - Knick Exploration Inc. (TSX-V: KNX) ("Knick Exploration" or "the Company") is pleased to announce acquisition of zinc hosting-potential volcanogenic massive sulfide (VMS) property from Carat Inc. for 500,000 common shares of the company. The 22 claims covering 1222.85 hectares are situated in the Dalquier Township area approximately 15 kilometers north of the city Amos Quebec and are contiguous with Knick's Trecesson property.
The claims include historical diamond drill core intersections of:
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1)Hole number 7827-79-04, 1.9% zinc over 8.26 meters, 2.1 grams gold and 12.3 grams silver over 0.20 meters, 2.1 grams gold and 8.5% zinc over 0.20 meters.
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2)Hole number 7827-80-01, 2.9% zinc and 1.6% lead over 0.30 meters.
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3)Hole number 7827-80-03, 9.7% zinc over 1.04 meters.
(Reference MNRQ, GM36198 and GM52899)
The zinc ? silver ? gold ? lead occurrence was discovered in 1979 by drill testing of a "weak" induced polarization (IP) geophysical anomaly. The mineralization is hosted in felsic volcanic rock as rhyolite to dacite tuff proximal to andesitic flows and was traced for 100 meters. The zone is described as striking 280? and dipping 80? north.
Calculated Hashimoto values returned up to 79.3 (Reference MNRQ, GM52899).
The 22 claims covering 1222.85 hectares are situated in the Dalquier Township area approximately 15 kilometers north of the city Amos Quebec and are contiguous with Knick's Trecesson property.
Figure 4 in NI 43-101 Technical Report of Trecesson Property referenced below and posted on the Knick website indicates the locations of the drill holes described above relative to the Trecesson property.
References are available on Knick's website at: www.knick.ca
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.
Project News Release References:
August 17, 2017, Trecesson Property Cossette Gold System Results
August 15, 2017, Trecesson Property Enlargement by Staking
June 21, 2017, Cossette Gold System Extended and Indicates Widths at Its Trecesson Property
June 15, 2017, Knick Drills 6.65 Meters of 94.40 Grams per Tonne Gold at Its Trecesson Property
June 13, 2017, Phase II Drilling at the Trecesson Property-Cossette Gold System Area Completed
Mar. 28, 2017, Drill Program Commences On Trecesson Property-Cossette Gold System
Sept.29, 2011, Cossette Gold System Positive Nugget Effect Confirmed
Aug. 23, 2011, Cossette Gold System Drill Results
Aug. 16, 2011, Gold Highlights Trecesson Drilling
June 30, 2011, Knick Exploration Completes Phase I Drilling at Trecesson
May 25, 2011, Knick Exploration Drilling Up Date
May 3, 2011, Drilling Starts Trecesson Gold Property
Feb. 12, 2010, Knick Exploration Acquires Gold Property Quebec
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
Val-d'Or, Quebec Val-d'Or, Quebec
J9P 1S4 J9P 1S4
Office 819-874-5252 Office 819-874-5252
Cell 819-856-1387 Cell 819-210-1406
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