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Knick Exploration (TSXV:KNX) has provided an update of its continuing activities on its 100-per-cent-owned East-West property. The
Knick Exploration (TSXV:KNX) has provided an update of its continuing activities on its 100-per-cent-owned East-West property. The East-West property is located along the Trans-Canada Highway of the Val d’Or-Malartic mining camp, Quebec, Canada.
As quoted in the press release:
The ongoing core review and field work have led to following observation: The Marbenite fault or branches of it passes through the East-West Property.
This structure is host of the Marban deposit adjacent to the west of the property and the Kiena Mines complex to the immediate east of the property side. The gold bearing nature of the Marbenite fault which traverses the East-West property is illustrated by its surface gold showing distribution which encompasses a 600 meters wide corridor.
Both the Gilbert and Raven gold occurrences are host to strong alteration and veining systems with channel sampling grades reaching locally more than 10 g/t gold over metric widths (References, Knick Press Release november 4, 2011 , see figure below).
Historically, the Marbenite fault system was interpreted as passing north of the East-West Property. With this new interpretation based on detailed examination of outcrops in the field and hole to hole comparison of drill data it is evident that the East-West Property is better positioned relative to the surrounding ground where major mineralized systems are known and historical production has occurred than previously believed.
Knick Exploration Vice President Gordon N. Henriksen, P.Geo. stated:
With the Marbenite fault system well located on and traversing our property a wider range of possibilities/opportunities exist for potential gold deposits as implied by this favourable geologic structure. Millions of ounces of gold have been found over decades on ground adjacent to both sides of our East-West property’s boundaries. The ongoing research has developed multiple new high priority drill targets.
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