KNICK EXPLORATION INC. ANNOUNCES 5th GOLD ZONE DISCOVERED ON EAST WEST |
Marketwatch - Nov 5, 2010 |
ov 04, 2010 (TheNewswire.ca via COMTEX) -- (via Thenewswire.ca)
Val-d'Or, Quebec, November 4, 2010, - Knick Exploration Inc. /quotes/comstock/11v!e:knx (CA:KNX 0.25, -0.03, -9.26%) ("Knick Exploration" or "the Company") is pleased to report that the 2010 mechanical stripping has exposed a 5th new "gold zone" on its flagship East-West property. It is referred to as the Grand Canyon Gold Zone. Channel samples assay results of 5.97g/t over 0.37m, 5.73g/t over 0.36m and 1.99g/t over 0.35m were obtained along a strike length of 5.0m.
The east-northeast striking Grand Canyon gold zone is located 75m south of the Raven Gold Zone and 50m northeast of the Gilbert Gold Zone. It has not been drill tested and is open in all directions.
President's Comments: This summers stripping campaign paid off well with the Grand Canyon a total of 5 gold zones are now located on the property, along with the East and West Zones, the Raven and the Gilbert the Grand Canyon is an added value.
These 5 gold zones are a big plus allowing us to generate additional drilling targets.
For more info go to:(http://www.knick.ca/projects/eastwest/).
Expert Laboratory in Rouyn-Noranda, Quebec was used for the 2010 sample analysis.
Fire assay and metallic sieve methods were used for the analysis.
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
President & CEO
Knick Exploration
536 3rd Avenue
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- Posted: 2010-11-09 16:00:57
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