Knick's Tungsten-Gold Assets Strategic Update
February 11 2014 - 7:44AM
Access Wire
Val-d'Or, Quebec, February 11, 2014, - 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).
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.
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 Office
819-874-5252 819-874-5252
Cell Cell
819-856-1387
819-210-1406
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