Knick’s Tungsten-Gold Assets Strategic Update
February 11, 2014 (Source: Accesswire) — Knick Exploration Inc. (TSX-V: KNX) is pleased to report that, in conjunction with research into historic documentation and results of the 2013 mapping, stripping and sampling program in the tungsten-gold area of its Trecesson Property several high priority vein systems have been targeted for drilling.
Targeted vein/vein systems include:
The Number 1 Vein (Chib-Kayrand Mine) – In 1935 Nortrac Mining Gold Mines sunk an inclined shaft for 38 meters to the 33 meter level and 330 meters of drifting completed. A shoot of 2,500 tonnes grading 10.3 g/t gold was removed from the 33 meter level and an 18 meter by 1.8 meter cut of the vein at this level assayed 14.4 g/t gold. The vein was traced on surface for 24 meters at an average width of 1.7 meters, assaying 11 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. Mechanical stripping by Knick in 2013 exposed “Vein No. 1”. A total of eight samples were taken of which seven returned gold including 14.89 g/t, 12.58g/t, 8.52g/t, 2.39g/t confirming historic results (previously reported Sept. 24, 2013).
The Number 12 Vein and the Goyette Vein lie along strike of the #1 Vein, respectively and are considered by the Ministry of Resources Quebec to be one vein with a strike length of 900 meters. (Ministre des Resources du Quebec report ET98-04).
The Number 9 Vein has been traced for a strike length of 450 meters and has reported widths up to 7 meters. Initial 2013 grab samples results from “Vein No. 9” by Knick ran 0.64%, 0.63% and 0.55% tungsten tri-oxide (previously reported Oct. 8, 2013) and a grab sample that assayed 420.37g/t gold (previously reported Oct. 30, 2012) returned 0.2% tungsten-trioxide (previously reported Nov. 24, 2013).
The Number 7 Vein where in 2013 manual stripping was performed. Thirty six channel samples along 54 meters were taken. The vein assayed up to 26.33g/t gold over widths of 0.18 to 0.95 meters. Vein highlights include 7.82g/t, 14.84g/t and 26.33g/t gold over 0.95m, 0.55m and 0.47m, respectively. Combined vein and wall rock sample results include 4.33g/t over 1.75m and 6.84g/t over 0.71m (previously reported Dec. 3, 2013).
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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.
2) Knick press releases for 2012 and 2013 available in the news room on Knick’s web site at www.knick.ca.
The property is located 12 km north of the town of Amos and approximately 65 km north northwest of Val d’ Or, Quebec. The Trecesson Gold Property is traversed by paved and all weather gravel roads making it accessible year round.
Grab samples are selective by nature and are unlikely to represent the average grade of the mineralized zones.
Samples were sent to Expert Laboratory in Rouyn-Noranda, Quebec for analysis.
Fire assay, multi element scan and XRF method were implemented for analysis.
Standards and blanks are submitted by Knick routinely to insure quality control.
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.
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.
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