Possible Aquisition for Niogold/Roosen-it's cheap?Knick Exploration to start drilling at East-West 2015-12-23 15:29 ET - News Release Mr. Jacques Brunelle reports KNICK TARGETS EAST-WEST DRILLING Knick Exploration Inc. is pleased with its neighbour Niogold's latest encouraging drill results on the Marban property where near-surface resources are being developed along the Golden Highway. This opportunity is manifested on Knick's East-West property by the company s latest studies. So far, the company has established a series of drill targets aiming at developing a resource on the East-West property along strike of the Marban deposit. The Marban deposit is situated adjacent to the west of the company's property. Tracing the Marbenite fault within Knick's East-West property this summer has been a milestone for the company. After an intensive program of geological modelling this year, Knick is ready to commence drilling on the East-West property. The focus of the drilling will be on the Marbranch corridor, where several holes can be drilled in the short term, on a limited budget of $100,000 to $150,000 scheduled financing pending. Knick has identified 10 particular historical drill holes inside the property which show a possibility of defining gold mineralization over significant widths, in the range of 15 to 80 metres, with grades varying from 0.5 gram of gold per tonne up to eight grams of gold per tonne (reference: National Instrument 43-101 updated technical reports on the East-West property, June 25, 2013, by Donald Theberge, Eng, MBA.). The historical sampling was of incomplete core intervals representing between 10 per cent to 70 per cent of core length. Systematic sampling of new core is required to confirm historical mineralized intervals. The drilling program area planned on the Marbranch corridor is located between 250 metres and 400 metres from the northwestern corner of the property. Geophysical signatures associated with the drill hole area indicate potential drill targets continue up to at least 600 metres eastward along strike. A recent Niogold press release (Dec. 8, 2015, NioGold reports final drill results at Marban) with results from a series of infill holes on the Marban zone indicating the extension of their shallow mineralization, ranges between 1.55 grams per tonne and 56.45 grams per tonne and over one metre and 66.6 metres, down to 200 metres. The extension of the Marban zone is now at less than 300 metres from the East-West property limit following an east to southeast trend. This east-to-southeast geological corridor offers key drilling targets and confirms the company's latest studies. The general geological context of the Marbranch corridor of the East-West property appears at first review similar to the Marban deposit with most of the gold mineralization evaluated in the form of veins swarms enclosed in altered basalt with sporadic disseminated pyrite and as vein gold mineralization. The inclusion of mineralized gold-bearing host rock has potentially changed both the Marban and East-West properties positively. The East-West drilling will also offer the possibility of verifying if other parallel zones of mineralization of potential significant widths are located within this area of the Marbranch corridor. The property was initially drilled for high-grade quartz veins, and these holes were not sampled in most of the cases along long intervals. As an example, the particular 10 historical drill hole intervals identified have been sampled at the level of 15 per cent to 67 per cent of the core lengths in the implied historical mineralization envelope. The approach now chosen by Knick focuses on the identification of wide mineralized intervals based on a deformation and alteration context. The recent core observations demonstrated that altered basalt units affected by alteration, minor quartz veining, and occasionally pyritization, are the preferred environment for wide gold enrichment zones. The following table outlines actual results from the 10 particular drill holes identified, highlighting the percentage of core length historically sampled and the averaged gold obtained over the indicated widths with the unsampled lengths of the core considered at zero gram per tonne. Thus, they represent a potential upside if targeted areas could be reassessed by drilling. Hole No. From (m) To (m) Grade (g/t Au) Core length (m) Interval sampled (%) CD-20 146.61 167.18 1.20 20.57 18 CD-55 102.26 146.76 5.60 44.50 15 CD-78 125.27 160.93 9.00 35.66 15 CD-140 56.39 84.12 0.79 27.73 26 CD-142 94.03 131.37 1.65 37.34 22 CD-149 100.89 142.49 4.30 41.60 12.5 CD-156 163.5 201.17 8.0 37.60 10 CD-169 208.94 227.69 0.61 18.75 58 CD-172 66.75 83.67 6.70 16.92 21 CD-84-10 80.47 160.93 0.80 80.46 59 80.47 106.68 2.15 26.21 67 All 10 holes are located in the western area of the East-West property. The area is referred to as the Marbranch and lies along strike and is suggestive of an extension of the Marban deposit. Additional targets are also in place at depth and further along strike of the known gold mineralization. Presidental comments: As mentioned previously, Knick is now focusing on the identification of wide gold mineralization intervals based on a deformation and alteration context which now offers the company a wider range of targets. The company hopes to drill the central and southern portion of this corridor it calls the Marbranch. The Marbranch has a total corridor width of 600 metres north-south combined with an east-west strike length of 700 metres on the property which makes it a substantially sized geologically favourable environment to achieve the company's goals of developing a gold resource on the East-West property. Fundraising: Knick is presently doing a fundraising effort through the offering of eligible units of Quebec flow-through shares. The use of proceeds from that financing will be aimed mostly at drill testing the Marban mine's footwall extension on the East-West property. The East-West property is located along the Trans-Canada Highway of the Val d'Or-Malartic mining camp, Quebec, Canada. The property is sandwiched between Osisko Royalties/Niogold Mining Corp.'s Marban deposit to the west and Wesdome Gold Mines' Kiena mine complex to the east. The mineralization hosted on, and the results obtained from the NioGold property, do not suggest that similar mineralization or results will be obtained on the company's property. The company is currently receiving enjoyment from the continuing research on this gold project. The NioGold-Osisko Royalties project has a combined total of 1.531 million ounces of gold (reference: NI 43-101 updated mineral resources technical report, Marban block property, Quebec, Canada, prepared for Niogold Mining, Aug. 15, 2013, effective June 1, 2013, by Michael M. Gustin, CPG, and Peter Ronning, PEng, Section 14.16, page 151). Knick's press releases are available in the newsroom on Knick's website. MARBAN BLOCK MEASURED RESOURCES Marban block Kierens Norlartic Totals Tonnes Au (g/t) Au (oz) Tonnes Au (g/t) Au (oz) Tonnes Au (g/t) Au (oz) Tonnes Au (g/t) Au (oz) 6,560,000 1.40 296,000 nil nil nil nil nil nil 6,560,000 1.40 296,000 MARBAN BLOCK INDICATED RESOURCES Marban block Kierens Norlartic Totals Tonnes Au (g/t) Au (oz) Tonnes Au (g/t) Au (oz) Tonnes Au (g/t) Au (oz) Tonnes Au (g/t) Au (oz) 18,713,000 1.36 818,000 1,437,000 2.19 101,000 5,417,000 1.82 316,000 25,567,000 1.50 1,235,000 MARBAN BLOCK MEASURED PLUS INDICATED RESOURCES Marban block Kierens Norlartic Totals Tonnes Au (g/t) Au (oz) Tonnes Au (g/t) Au (oz) Tonnes Au (g/t) Au (oz) Tonnes Au (g/t) Au (oz) 25,273,000 1.37 1,114,000 1,437,000 2.19 101,000 5,417,000 1.82 316,000 32,127,000 1.48 1,531,000 Gordon N. Henriksen, PGeo, vice-president of Knick Exploration, is the company's qualified person as defined by NI 43-101. He has reviewed and approved the contents of this press release. A qualified person has verified the data disclosed in drill logs and is included in the NI 43-101 by D. Theberge. A search for historical drill core was performed. No historical core was located. Historical log documentation, field evidence as relocated casings at drill collar sites and particular twin holes completed by Knick (2009 and 2011) corroborate the existence of mineralization, geology and structures. We seek Safe Harbor. 2015 Canjex Publishing Ltd. All rights reserved. Mobile Old Site Home Daily Products Help Contact Us Your Account System Status 2015 Canjex Publishing Ltd. All rights reserved. "Stockwatch" is a registered