(TheNewswire)

 

Val d’Or, Québec, Canada / TheNewswire / June 21, 2017 - Knick Exploration Inc. (“Knick”) is pleased to announce the overall extension of Cossette Gold System systems by 140 meters and an increase in the potentially mineralized swell widths. Results of tracing the system with short holes by the recent 2017 drilling on the property have increased the overall combined north and south area strike length to 495 meters and closed the gap of 500 meters between the Cossette north area and Cossette south area of the system to 365 meters. Step outs between drill holes were approximately 20 meters.  The limited drill campaign was engineered:

  1. 1)To trace and test the extension of the north and south areas along the prospective ground between believed to host, “dilation zone(s)” widenings, of the system with similar mineralization to that encountered in Knick’s 2011 first phase drill campaign.  

  2. 2)To test one of the richer gold mineralized sections of the continuity of the system at deeper depths. 

Hole TR-17-02, TR-17-03 and TR-17-04 confirms the presence of a dilation zone and hole TR-17-02 is considered to have intersected one of the richer gold mineralized sections of the system to date therefore drill holes TR-17- 23 to TR-17-33 were targeted to further investigate this area (results pending).

Below are the results from holes TR-17-01 to TR-17-22.

                                                           South Cossette Area

Hole                From       To           Width          Gold          Silver        Lead      Section

Number           Meters    Meters     Meters           g/t             g/t              %        Northing

TR-17-01          65.30     67.50        2.20               3.23                                         5391600

      Including   65.30     66.00        0.70               9.09           29.70         3.49      

TR-17-02          45.30     51.95        6.65             94.40          218.00        0.37      5391620

TR-17-03          27.55     27.85        0.30              2.97                                           5391620

TR-17-10          24.10      28.10       4.00               0.87                                          5391640

      Including   24.75       25.80       1.05              3.25           6.20      

   

                            North Cossette Area

 

Hole                From       To           Width       Gold        Section

Number           Meters    Meters     Meters      g/t         Northing

TR-17-13          59.00       59.70        0.70       2.88         5392080

TR-17-14          88.10       90.85        2.75       0.34         5392080

TR-17-17          42.60       45.50        2.90        0.48         5392035

      Including    43.50       44 10        0.60        2.23      

TR-17-19          53.10       59.40        4.30        7.24         5392001

       Including   55.00       55.70        0.70       44.16    

 

         Intersections Indicative of Width Potentials of the Cossette Gold System

Hole                From       To           Width       Gold        Section

Number           Meters    Meters     Meters      g/t         Northing

TR-17-03          25.00     33.70        8.70         0.17         5391620      

TR-17-04          10.15     16.00        5.85          0.10        5391640      

                          20.80      30.30        9.50         0.10  

TR-17-12         106.06     111.00       4.40       0.15         5391880

TR-17-15          61.80       65.10        3.30        0.17        5392113

TR-17-16          90.60        91.75       1.15        0.13         5392113                                      

N.B. All core widths are down hole widths. Results from hole numbers in italics were previously announced June 15, 2017.

Compared with the company’s 2011 drill campaign where the veining system was encountered up to 3.27 meters, true width, the 2017 drilling has intersected the zone with down hole widths up to 16 meters, an estimated true width of 12 meters. Knick cautions investors that the width of zone intersected represent the host structure and may or may not be mineralized in part or whole.

  

Reference: ¹ NI 43-101 Technical Report, Trecesson Property, Abitibi Area, Amos Region, January 20, 2012 updated on March 25, 2013 by Donald Théberge, Eng., M.B.A. Available on Knick’s website at: www.knick.ca.

 

Project News Release References:

 

Feb. 12, 2010, Knick Exploration Acquires Gold Property Quebec

May   3, 2011, Drilling Starts Trecesson Gold Property

May 25, 2011, Knick Exploration Drilling Up Date

June 30, 2011, Knick Exploration Completes Phase I Drilling at Trecesson

Aug 16, 2011, Gold Highlights Trecesson Drilling

Aug 23, 2011, Cossette Gold System Drill Results

Sept.29, 2011, Cossette Gold System Positive Nugget Effect Confirmed

Gordon N. Henriksen, P. Geo., Vice President of Knick Exploration, is the Company’s qualified person as defined by National Instrument 43-101. He has reviewed and approved the contents of this press release.

We seek Safe Harbour.

 

Forward-Looking Statements

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

 

This Press Release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.

  

FOR MORE INFORMATION, CONTACT:

 

Jacques Brunelle                                             Gordon N. Henriksen

President & CEO                                            Vice President

Knick Exploration                                           Knick Exploration

536, 3rd Avenue                                                536, 3rd Avenue

Val-d’Or, Quebec                                           Val-d’Or, Quebec

J9P 1S4                                                           J9P 1S4

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