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Knick Exploration Ltd.
Summary
| Project: | Trecesson | |
|---|---|---|
| Deposit: | Trecesson | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 6/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-6-2017: Knick Exploration Ltd. announces an Exploration/Drilling Update report for its Trecesson deposit at the Trecesson project. Drilling results incl. 6.65m @ 2.38g/t Au from 65m. Val d’Or, Québec, Canada, June 15, 2017 Knick Exploration Inc. (“Knic | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gordon N. Henriksen (Internal) | |
| ABSTRACT: | Val d’Or, Québec, Canada, June 15, 2017 Knick Exploration Inc. (“Knick”) is pleased to announce results from its first two holes on the second phase of drilling on the company’s 100% owned Trecesson Property-Cossette gold system area. Hole TR-17-01 was drilled on Section 5391600N beneath hole TR-11-119 from Knick’s 2011 drill campaign. The section is where Knick’s 2011 phase I program was completed. Hole TR-11-119 had down hole intersections of 22.86g/t over 1.55m at a vertical depth of 5.6m and 95.72g/t over 0.02m at a vertical depth of 15m (previously reported Aug. 23, 2011). Hole TR-17-01 intersected the gold zone at 53 meters vertical. The hole TR-17-02 was drilled 20 meters north along strike of TR-117-01 and intersected the gold zone at 33 meters vertical depth. The Cossette gold zone is an assemblage of quartz veins and dykes hosted in granitic rocks of the metalliferous Trecesson “batholith”. The batholith covers approximately 42km² and is host to gold, silver, tungsten, copper, zinc and lead mineralization. In 2011, drilling by Knick of the Cossette zone encountered true widths of the zone up 3.27 meters, Hole TR-11-61 returned 14.22g/t gold over 3.237m, previously reported¹. 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. Knick is anticipating its phase III drill program on the Trecesson Property later this year. | |
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