Knick Exploration Prepares Spring Drilling on its East-West Gold Property
February 27 2009 - 10:56AM
Marketwired
Knick Exploration Inc. (TSX VENTURE: KNX) ("Knick "Exploration" or
"the Corporation") wishes to announce that all its historical drill
data, which represents more than 180 drill holes, have been
processed into Geotic Software under the supervision of Donald
Theberge, Eng., MBA., in preparation for a drilling program planned
for Spring 2009.
Data compilation is presently underway and will generate several
sections and maps that will allow the Corporation to identify new
drill targets and maximize its chances of success. A first 3D model
will be available in the coming weeks.
The East-West Gold Property is located on strike with Niogold's
Marban property and the Wesdome Kiena gold mine, which hosts two
gold-bearing zones, the East and West zones. Past drilling on the
property returned two interesting assay results: 72.39 g/t gold
over 3.2 m (CD-55) and 79.5 g/t gold over 3.96 m (CD-78) (Source:
43-101 report by D. Theberge, Eng. M.B.A.). The property remains
virtually untested below the 600-foot level, with almost all the
drill results between surface and a depth of 600 feet.
"We feel that the property has strong potential at the 600-foot
level and deeper," said Jacques Brunelle, President and Chief
Executive Officer of Knick Exploration. "We are looking forward to
start drilling this spring, which will be a defining moment for the
Company and its investors."
The Corporation intends to update its shareholders on a monthly
basis. Donald Th?berge, Eng., M.B.A, independent consultant, is the
qualified person who has reviewed the content of this news
release.
About Knick Exploration:
The East-West Gold Property is located directly along the
east-west gold strike that hosts Agnico-Eagle's Goldex Mine,
Wesdome's Kiena Gold Mine and past producer Marban Mine, Knick
Exploration seeks to discover a new gold deposit in one of Canada's
most active mining regions, the Abitibi Gold District.
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. "Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release."
Contacts: Knick Exploration Jacques Brunelle President & CEO
819-856-1387 Allyson Taylor Partners Investor Relation Sean F.
Budnik 514-397-0110
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