Val d’Or, Québec, Canada / TheNewswire / December 13, 2016 - Knick Exploration Inc. (“Knick”) is pleased to announce that it has completed 12 holes totalling 2,730 meters of drilling on its East-West gold property. The 12 holes are part of the company’s ongoing 5,000 meter minimum drill program. The holes have been logged and sampled and include the deepest hole drilled to date on the property, 495 meters down hole (466 meters vertical depth). Sample results are pending and will be released in January 2017. Drilling will cease for the holiday season and is to resume January 9, 2017.

Knick's 100% owned East-West property is situated in the Val d'Or mining camp of Quebec, Canada.  

Its neighbours on strike to the east and west respectively are, Wesdome Gold Mines Ltd. (TSX: WDO) Kiena Mine and Osisko Mining Inc. (TSX: OSK) Marban Mine. The property is bound to the north by claims recently acquired by Agnico Eagle Mines Ltd. (TSX: AEM). Adjacent to the  south of Knick’s ground is the Malartic Goldfields Mine property recently acquired and held jointly by Agnico Eagle Mines Ltd. and Yamana Gold Inc. (TSX: YRI).

 

Wesdome’s Kiena Mine Complex Latest Discovery

 

Wesdome’s (TSX: WDO) Kiena Mine Complex to the east of Knick’s East-West property where ongoing exploration work is returning positive results. Wesdome highlights include 94.35 grams per tonne (g/t) gold over 17.4 meters, 223.12 g/t gold over 14.25 meters (uncut and downhole widths) and Mr. George Mannard V.P., Exploration of Wesdome, in their press release of August 24, 2016, commented, “These early results exceed expectations, and these rich veins are unlike anything previously encountered at this property. Three holes have been completed to date hitting four high grade intersections. More drilling is underway and is required to define the geometry, true widths and extent of this extraordinarily rich mineralized system.”

 

Osisko Mining’s Marban Mine Deposit Area

 

The Marban property is reported to contain combined resources of 1.531 million ounces of gold as of August 2013 (reference¹ NI 43-101, section 14.16, p.151 Marban, Block Resources).

 

There is no guarantee that similar gold mineralization is present and or will be found on the East-West property.

 

References: ¹NI 43-101 Updated Mineral Resource Technical Report, Marban Block

Property, Quebec, Canada prepared for Niogold Mining Corporation, August 15, 2013,

Effective date: June 1, 2013, by Michael M. Gustin CPG and Peter Ronning, P. Eng, section 14.16, page 151. ² NI 43-101, Up Dated- Technical Report on The East-West Property, posted on the Knick website.

  

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

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