- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Knick Exploration to Start Gold Drilling at East-West Propery
Knick Exploration (TSXV:KNX) announced the latest research indicated gold width potential at East-West Property in Quebec.
Knick Exploration (TSXV:KNX) announced the latest research indicated gold width potential at East-West Property in Quebec.
As quoted in the press release:
Not many Mining exploration companies have the opportunity to drill test for a potential deposit
adjacent to a property that contains combined resources of 1.531 million ounces of gold as of
August 2013 (reference¹ NI 43-101, section 14.16, p.151 Marban, Block Resources). This
opportunity is implied by Knick’s latest studies. So far we have established a series of drill targets
aiming at developing a resource on the East-West property along strike of the Marban deposit
situated adjacent to the west of our property. Tracing the Marbenite fault within Knick’s East-West
property this summer has been a milestone for us.
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.
Knick Exploration President and CEO, Jacques Brunelle, stated:
As mentioned previously, Knick is now focusing on the identification of wide gold mineralisation intervals based on a deformation and alteration context which now offers us a wider range of targets. We hope to drill the central and southern portion of this corridor we call the Marbranch. The Marbranch has a total corridor width of 600 meters North-South combined with an East-West strike length of 700 meter on our property which makes it a substantially sized geologically favourable environment to achieve our goals of developing a gold resource on the East-West property.
Connect with Knick Exploration (TSXV:KNX) to receive an Investor Kit.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.