Zinc - Potential VMS - Property Acquisition

2017-08-24 / @thenewswire

 

(TheNewswire)

Val-d'Or, Quebec, August 24, 2017 / TheNewswire / Knick Exploration Inc. (TSX-V: KNX) ("Knick Exploration" or "the Company") is pleased to announce acquisition of zinc hosting-potential volcanogenic massive sulfide (VMS) property from Carat Inc. for 500,000 common shares of the company.

The 22 claims covering 1222.85 hectares are situated in the Dalquier Township area approximately 15 kilometers north of the city Amos Quebec and are contiguous with Knick's Trecesson property.

The claims include historical diamond drill core intersections of:

  1. 1)Hole number 7827-79-04, 1.9% zinc over 8.26 meters, 2.1 grams gold and 12.3 grams silver over 0.20 meters, 2.1 grams gold and 8.5% zinc over 0.20 meters.

  2. 2)Hole number 7827-80-01, 2.9% zinc and 1.6% lead over 0.30 meters.

  3. 3)Hole number 7827-80-03, 9.7% zinc over 1.04 meters.

(Reference MNRQ, GM36198 and GM52899)

The zinc ? silver ? gold ? lead occurrence was discovered in 1979 by drill testing of a "weak" induced polarization (IP) geophysical anomaly. The mineralization is hosted in felsic volcanic rock as rhyolite to dacite tuff proximal to andesitic flows and was traced for 100 meters. The zone is described as striking 280 ? and dipping 80 ? north.

Calculated Hashimoto values returned up to 79.3 (Reference MNRQ, GM52899).

The 22 claims covering 1222.85 hectares are situated in the Dalquier Township area approximately 15 kilometers north of the city Amos Quebec and are contiguous with Knick's Trecesson property.

Figure 4 in NI 43-101 Technical Report of Trecesson Property referenced below and posted on the Knick website indicates the locations of the drill holes described above relative to the Trecesson property.

References are available on Knick's website at: www.knick.ca

Reference: NI 43-101 Technical Report, Trecesson Property, Abitibi Area, Amos Region, January 20, 2012 updated on March 25, 2013 by Donald Th?(C)berge, Eng., M.B.A.

Project News Release References:

August 17, 2017, Trecesson Property Cossette Gold System Results

August 15, 2017, Trecesson Property Enlargement by Staking

June 21, 2017, Cossette Gold System Extended and Indicates Widths at Its Trecesson Property

June 15, 2017, Knick Drills 6.65 Meters of 94.40 Grams per Tonne Gold at Its Trecesson Property

June 13, 2017, Phase II Drilling at the Trecesson Property-Cossette Gold System Area Completed

Mar. 28, 2017, Drill Program Commences On Trecesson Property-Cossette Gold System

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

Aug. 23, 2011, Cossette Gold System Drill Results

Aug. 16, 2011, Gold Highlights Trecesson Drilling

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

May 25, 2011, Knick Exploration Drilling Up Date

May 3, 2011, Drilling Starts Trecesson Gold Property

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

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

Office 819-874-5252 Office 819-874-5252

Cell 819-856-1387 Cell 819-210-1406

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