East-West Property Open Pit Potential

VAL-D’OR, QC / ACCESSWIRE / April 9, 2015 / Knick Exploration Inc. (TSX-V: KNX), is continuing re-assessment of its East-West property’s “West Gold Zone’s“ open pit potential. We are pleased with our neighbour’s, Osisko Royalties (TSX-T: OR)/Niogold Mining Corp. (TSX-V: NOX) positive endeavours towards developing a resource on the Marban deposit. Knick is cognisant of the strategic and potential economic value of the East-West property. Given the present situation of the mining industry, the company is seeking a joint venture, option or sales agreement for this property of merit. As well we are actively contacting royalty companies to sell the right to purchase the property’s 3.5% NSR.

Two historical resource calculations on the West Zone were completed by operators prior to Knick Exploration Inc. Historical gold resources outlined for the West Zone were 141,778 short tonnes @ 3.77g/t gold and 60,711 short tonnes @ 4,83g/t gold (MRNQ GM 53557)?.

Knick’s drill results and historical drill results on the East-West property are available on the company’s web site home page in the file East-West Property DDH’s as excel formatted documents at www.knick.ca. Companies and individuals are invited to use this data for their assessment of the West Zone.

The East-West project is sandwiched between great neighbours, in the Golden Highway of the Val d’Or-Malartic mining camp, Quebec, Canada. The East-West gold property is between Osisko Royalties (TSX-T: OR)/Niogold Mining Corp. (TSX-V: NOX); Marban deposit; to the west and Wesdome Gold Mines (TSX-T: WDO); Kiena Mine complex; to the east.

There are 5 known gold areas identified on the property referred to as the West, East, Raven and Gilbert gold zones and the Grand Canyon gold occurrence. The two main gold zones identified on the property are the” West” and “East” zones. Geologically, the West Zone shows similarities with the Marban Mine and the East Zone shows affinities with the Kiena Mine (43-101 Theberge, D.)?.

Presidential comment:

The extension of the Marban resource towards Knick’s property boundary and onto its East-West property is a possibility. Knick’s West Zone gold mineralisation is in place 120 meters east of the Marban block property boundary. The land position for the western part of the proposed Marban pit area is tight in that sector and open pits tend to enlarge and extend, for example, the Sigma Mine and Osisko Mining’s; Canadian Malartic Mine original pit plans were enlarged more than once. Knick is pleased to hold this 1.6km (1 mile) strike length of favourable geology in the Golden Highway corridor of the Val d’Or-Malartic mining camp. We will continue to seek potential option/joint venture partners to advance the East-West property.

Note: Closures for April 8, 2015 of common shares; OR $17.06, NOX $0.405 and KNX $0.01.

References:

? NI 43-101 Technical Report Pertaining to: The East-west Property, Val d’Or Area, Western Quebec, NTS 32C04, June 23, 2013, by D. Theberge, Eng., MBA.

? NI 43-101 Updated Mineral Resource Technical Report, Marban Block Property, Quebec, Canada prepared for Niogold Mining Corporation, August 15, 2013, Effective date June 1, 2013, by Michael M. Gustin CPG and Peter Ronning, P. Eng.

?Historical Estimates, (GM 53557) Disclosure a) 1987, St-Michel Geoconseil, Cache d’Or Resources Inc. 141,778 short tonnes @ 3.77g/t gold, combined probable and possible categories equated as being indicated and inferred categories by CIM definition standards. b) 1994, J. Munger, Ingenieur, Conseiller en Exploration Miniere, Exploration Auriginor Inc. 60,711 short tonnes @ 4,83g/t gold, probable category equated as being indicated category by CIM definition standards. Note: This is historical data and as such the QP has been unable to verify the information and the key assumptions, parameters and methods used to prepare the historical estimate and has not done sufficient work to classify the historical estimate as a current resource or mineral reserve and the issuer is not treating the historical estimate as a current mineral resource or reserve. Knick has performed drilling in this area since 2009 and has reported its gold assay results encountered, data is posted at www.knick.ca. Modelling of all diamond drill data and witness drilling to upgrade and verify the historical estimates of the resource is required.

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
536, 3rd Avenue 
Val-d’Or, Quebec
J9P 1S4
Office
819-874-5252
Cell
819-856-1387

SOURCE: Knick Exploration Inc. 

ReleaseID: 427657