The Conversation (0)
Knick Exploration (TSXV:KNX) reported that as the Company re-evaluates its East-West property’s “West Gold Zone’s” open pit potential, it is seeking a joint venture partner, as well as options or sales agreements.
As quoted in the press release:
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.
Knick Exploration President, Jacques Brunelle, said:
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.
Click here to read the Knick Exploration (TSXV:KNX) press release
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