KNICK EXPLORATION INC. REPORTS DRILLING STARTS TRECESSON GOLD PROPERTY |
| thenewswire.ca - May 3, 2011 |
Val-d'Or, Quebec, May 3, 2011, - Knick Exploration Inc. (TSX-V: KNX) is pleased to report that a Phase I Drill Program has started on its Trecesson Gold Property. A minimum of 2,000 meters (6,550 feet) of drilling will be competed in the area hosting the Cossette Vein System. The property is located approximately 50km from the city of Val d ‘Or.
The first holes are targeting the northern part of the system where the "North Cossette Vein " returned assay values of assayed 109.82g/t gold (metallic sieve), 61.6 g/t silver, 1.41% copper, 9.39% zinc and 0.79% lead ( see press February 12, 2010).
Historically channel sampling by Noranda, circa 1938, on the North Cossette vein returned 5.7g/t gold over 61m length and 1.43m average width. Noranda channel sampling on the South Cossette vein returned a grade of 9.0g/t gold over a length of 21m and 1.22m average width. In 1964 channel sampling by Transcona Exploration on the South Cossette vein returned a grade of 9.0g/t gold over a length of 36.6m and an average width of 0.83m.
Reference NI 43-101, Trecesson Property, Abitibi Area, Amos Region, April 30, 2010 by Donald Theberge, Eng., M.B.A.
Due to the nature of the native gold mineralization occurring on the Trecesson property, Metallic Sieve gold analysis will be performed on all quartz veining to minimize "nugget effect" results and more accurately assess gold grades.
Expert Laboratory in Rouyn-Noranda, Quebec will be used for sample analysis.
East-West Property:
Processing of the East West drill program data is ongoing and final further assay results are pending.
For more info go to:(http://www.knick.ca/projects/trecesson/).
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
President & CEO
Knick Exploration
536 3rd Avenue
Val-d'Or, Quebec
J9P 1S4
Office
819-874-5252
Cell
819-856-1387
Gordon N. Henriksen
Vice President
Knick Exploration
536 3rd Avenue
Val-d'Or, Quebec
J9P 1S4
Office
819-874-5252
Read Full Article from thenewswire.ca
- Posted: 2011-05-03 14:50:51
| More Stock Investor Place Financial News |
 |
|
|
|
| Stock Investor Place Financial News Archive |
|
|
|
