The Conversation (0)
Knick Exploration (TSXV:KNX) announced that research indicated gold width potential at their East-West Project.
Knick Exploration (TSXV:KNX) announced that research indicated gold width potential at their East-West Project.
As quoted in the press release:
Knick has identified 10 particular historical drill holes inside the property which show a possibility of defining gold mineralization over significant widths, in the range of 15 to 80 metres, with grades varying from 0.5 grams of gold per tonne up to 8 grams of gold per tonne (reference² NI 43-101).
The property was initially drilled for high grade quartz veins and these holes were not sampled in most of the cases along long intervals. As an example, the particular 10 historical drill hole intervals identified have been sampled at the level of 15 to 67%.
The approach now chosen by Knick focuses on the identification of wide mineralized intervals based on a deformation and alteration context. The recent core observations demonstrated that altered basalts units affected by alteration, minor quartz veining, and occasionally pyritization, is the preferred environment for wide gold enrichment zones.
The following table outlines actual results from the 10 particular drill holes identified, highlighting the percentage of core length historically sampled, and the averaged gold obtained over the indicated widths, with the un-sampled lengths of the core considered at zero grams per tonne. Thus, they represent a potential upside if targeted areas could be re-assessed by drilling.
All 10 holes are located in the western area of the East-West property. The area is referred to as the “Marbranch” and lies along strike from and is suggestive of an extension of the Marban deposit.
Results are down hole lengths. Historical results are not 43-101 compliant. Additional targets are also in place at depth and further along strike of the known gold mineralization.
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