www.knick.ca
Knick is engaged in exploring its flagship East-West property, located in the Val-d’Or Mining Camp along strike between the active Kiena mine (Wesdome Mining Ltd., TSX–WDO) and past gold producer Marban mine (Niogold Mining Corp., TSX.V-NOX). Most historical drilling has been limited to “shallow holes”, generally less than 200 m, and the Company is very excited about the property’s “blue sky” potential at mid-depth plus. A $1.1 million budget has been allocated for the 2009 exploration program on the East-West property.
Knick Exploration announces more gold targets on East-West property in Quebec
Knick Exploration (TSX-V: KNX) said Thursday that results of recent work and survey data has led the company to seven gold target drilling areas on the East-West property in Quebec.
Five of the seven areas have been slated as "primary" targets, said the company. The target areas lie within the gold corridor between the past producing Marban Mine and the producing Kiena Mine, owned by Wesdome Gold Mine.
The recently discovered Gilbert Gold Zone, where five different samples containing visible gold at surface were found, is open at depth and along strike and is considered by Knick to be a high priority target area.
Meanwhile, the Raven Zone is exposed at surface for over 250m, having been drill traced to 75m. The western extension of the zone is open to drill testing.
A potential gold area, known as the North East Zone, is situated at the junction of the projected eastern extensions of the Raven Gold Zone and the West Gold Zone.
The Grand Canyon Gold area is also a drilling target, particularly where there is an expected intersection of the Grand Canyon and Gilbert structures, Knick said.
The East-West property is located approximately 11 km west of the town of Val-d'Or. It consists of seven staked claims covering 184 hectares in Dubuisson Township.
