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KNX Knick Resources Inc

0.005
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Knick Resources Inc TSXV:KNX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.005 0.005 0.01 0 01:00:00

Knick’s Trecession Property "Scheelite Vein" Extension Returns More Gold

17/09/2013 2:10pm

Access Wire


Val-d'Or, Quebec, September 17, 2013, - Knick Exploration Inc. (TSX-V: KNX) is pleased to report that all ten samples taken on the "Scheelite Vein" extension returned gold. Chip samples of the veining include 23.49 g/t over 0.25m, 7.71g/t over 0.40m, 1.82g/t over 0.20m, gold. A grab sample of the granite wall rock ran 2.47g/t and a chip sample of the granite wall rock ran 1.75g/t over 0.30m, gold. The five other samples returned anomalous gold, greater than 0.37g/t. The combined chip sample of the vein and granite wall rock gave 5.16g/t gold over 0.70m.

A 250 meter long IP (induced polarization) anomaly is coincident with and extends along strike of the "Scheelite Vein" (press release April 23, 2013).

Manual stripping and sampling was performed this summer along strike to the northwest of the "Scheelite Vein" gold area, where initial grab sampling by Knick assayed results of 51g/t, 7.4g/t and 5.5g/t gold, previously reported (press release June 2012).

Multi element scan results for the 10 samples taken are pending.

The multi element scan includes tungsten an element in the mineral scheelite. Historical documentation on the "Scheelite Vein" reported values of 0.53 to 16.89% tungsten tri-oxide (GM045150-A).

The "Scheelite Vein" is situated in the northeast part of Knick's Trecesson property. The property covers most of theTrecesson Batholith which has similar characteristics to the Bourlamaque Batholith of the Val d' Or mining camp. It is located 12 km from the town of Amos and approximately 65 km north northwest of Val d' Or. The Trecesson Gold Property is traversed by paved and all weather gravel roads making it accessible year round.

Samples were sent to Expert Laboratory in Rouyn-Noranda, Quebec for fire assay and multi element scan analysis. Standards and blanks are submitted by Knick routinely to insure quality control.

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 Office

819-874-5252 819-874-5252

Cell Cell

819-856-1387 819-210-1406

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