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Knick Exploration to Release East-West Drill Targets in December
Knick Exploration (TSXV:KNX) announced plans to release drill targets from their East-West property, located in Quebec, in December 2015.
Knick Exploration (TSXV:KNX) announced plans to release drill targets from their East-West property, located in Quebec, in December 2015.
As quoted in the press release:
So far we have established a series of drill targets aiming at developing a resource on strike of the Marban deposit adjacent to the west of Knick’s East-West property. Tracing the Marbenite fault within our East-West property this summer became a milestone for us. We strongly believe that the potential extension of the Marban Mines footwall zone, within the Marban geological corridor, host to the Marbanite fault, continues toward and onto the western portion of Knick’s East-West property. Thecorridor and specifically the Marbenite fault traversing the East-West property have indicated their gold bearing nature on the property by surface gold showing distributions which encompass a width of 600 meters.
Knick is not looking for the typical quartz gold veining, although veining is a welcome bonus, however at a massive geological unit that according to our recent review of the 2009-2011 drilling campaign and associated field work offers a series of prospective drill targets with potential for outlining a near surface resource.
The compilation of the drill targets, to be published in early December,will reflect key knowledge and understanding of mineralized trends and potential zone extensions. These trends and extensions are already supported by drilled intervals and detailed magnetic data.
Additional targets are also in place at depth and further along strike of the known gold mineralization.Knick is preparing a fundraising effort through the offering of “eligible units” of Quebec flow-through shares. The use of proceeds from that financing will be aimed mostly at drill testing the Marban Mines footwall extension on our East-West Property.
The East-West property is located along the Trans-Canada Highway of the Val d’Or-Malartic mining camp, Quebec, Canada. The property is sandwiched 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.Currently we’re receiving enjoyment from the continuing research on this gold project.
NioGold-Osisko Royalties project has a combined total of 1.531 million ounces of gold (reference? NI 43-101) .References: ?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, section 14.16, page 151.
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