Cossette Gold System Positive Nugget Effect Confirmed |
| Marketwatch.com - Sep 29, 2011 |
Sep 29, 2011 (ACCESSWIRE-TNW via COMTEX) -- Val-d'Or, Quebec, September 29, 2011 - Knick Exploration Inc. CA:KNX 0.00% ("Knick Exploration" or "the Company") is pleased to announce the metallic sieve assay results from the first phase drill program on the Trecesson Property confirm a positive gold nugget effect in the Cossette Gold System. Out of 112 metallic sieve sample results, 35 were influenced by the coarse fraction (31.25%), 33 samples (29.46%) increased the final weighted assay result and 2 samples (1.79%) decreased the final weighted assay result. Seventy seven samples (68.75%) had the metallic sieve coarse fraction assays within the same range as the fine (-100 mesh) assays.
From the 35 metallic sieve samples influenced by the coarse fraction, 2 assayed with gold solely localized in the coarse fraction and one sample returned gold exclusively in the minus 100 mesh fraction assays.
The program, orientated to systematically evaluate the gold potential and assess the nugget effect of the historic surface showing by fence drilling along strike of the system, has returned significant values along the entire strike length tested by Knick.
The results tabled below can be cross referenced with results given in press releases 1) Gold Highlights Trecesson Drilling and 2) Cossette Gold System Drill Results, August 16 and 23, 2011, respectively.
Metallic Sieve Final Weighted Assay Results Influenced by the Coarse Fraction (+100 mesh) Assay Showing % Increase/Decrease relative to the Fine (-100 mesh)
----------------------------------------------------------------------------------------------------
|A |A |Weight |Weight |Fine |Fine |Fine |Coarse |Final |% |% A |
| | |of |of | | | | | | | |
|--------------------------------------------------------------------------------------------------|
|A |A |Fine |Coarse |Fraction|Fraction|Fraction|Fraction|Assay |AIncrease|decrease|
| | | | | | | | | |A | |
|--------------------------------------------------------------------------------------------------|
|A |A |Fraction|Fraction|Assay-1 |Assay-2 |Assay-3 |Assay-4 |Result|A |A A < |
| | | | | | | | | |>highest |lowest |
|--------------------------------------------------------------------------------------------------|
|A |A |A |A |A |A |A |A |A |Au-100 |Au-100 |
|--------------------------------------------------------------------------------------------------|
|A |A |Wt -100 |Wt +100 |Au -100 |Au -100 |Au -100 |Au +100 |Au |mesh |mesh |
|--------------------------------------------------------------------------------------------------|
|Hole |Width |A |A |A |A |A |A |A |assay |assay |
|--------------------------------------------------------------------------------------------------|
|Number |meters |grams |grams |g/t |g/t |g/t |g/t |g/t |A |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-07 |1.15 |2168.00 |20.94 |1.71 |1.58 |1.65 |38.50 |2.00 |14.50 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-22 |1.05 |2068.80 |23.89 |2.78 |2.91 |2.85 |39.77 |3.69 |21.14 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-27 |1.30 |2344.00 |34.25 |3.39 |3.33 |3.36 |45.50 |3.97 |14.61 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-47 |0.95 |1759.00 |34.97 |0.69 |0.55 |0.62 |8.74 |0.78 |11.54 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-35 |0.70 |731.00 |34.17 |0.38 |0.38 |0.38 |0.79 |0.40 |5.00 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-44 |0.40 |795.00 |13.78 |0.96 |1.13 |1.05 |25.54 |1.46 |22.60 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-47 |0.95 |1771.00 |27.66 |5.45 |5.69 |5.57 |18.31 |5.77 |1.39 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-48 |0.75 |1355.00 |18.41 |15.84 |15.53 |15.69 |106.60 |16.90 |6.27 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-48 |0.20 |427.00 |30.55 |7.30 |7.10 |7.20 |15.05 |7.72 |5.44 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-56 |1.50 |2821.00 |26.99 |3.22 |3.43 |3.33 |145.82 |4.68 |26.71 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-57 |0.75 |1604.00 |27.75 |14.64 |15.02 |14.83 |53.01 |15.48 |29.72 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-57 |0.75 |1200.00 |20.90 |1.99 |2.09 |2.04 |50.95 |2.88 |27.43 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-58 |0.75 |1416.00 |24.35 |1.44 |1.34 |1.39 |7.03 |1.49 |3.36 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-61 |1.50 |3012.00 |27.60 |28.63 |28.35 |28.49 |535.75 |33.10 |13.50 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-62 |0.30 |630.00 |32.75 |33.22 |33.60 |33.41 |127.00 |38.03 |11.65 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-63 |0.40 |547.00 |24.64 |3.02 |3.26 |3.14 |7.20 |3.32 |1.81 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-64 |1.10 |1995.00 |32.51 |5.45 |5.25 |5.35 |34.01 |5.81 |6.20 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-65 |1.10 |1904.00 |33.27 |3.67 |3.50 |3.59 |12.21 |3.73 |1.07 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-67 |0.15 |284.00 |24.12 |1.20 |1.30 |1.25 |0.51 |1.19 |A |0.84 |
|--------------------------------------------------------------------------------------------------|
|TR-11-67 |0.40 |700.00 |28.34 |37.34 |36.62 |36.98 |701.66 |62.83 |40.57 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-87 |0.55 |2396.00 |28.32 |<0.03 |<0.03 |<0.03 |5.90 |0.07 |57.14* |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-72 |0.20 |383.00 |30.64 |0.34 |0.34 |0.34 |<0.03 |0.31 |A |9.68 |
|--------------------------------------------------------------------------------------------------|
|TR-11-73 |0.95 |1572.00 |28.48 |39.60 |41.14 |40.34 |124.39 |41.87 |1.74 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-74 |0.80 |1711.00 |30.12 |<0.03 |<0.03 |<0.03 |14.33 |0.25 |88.00* |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-78 |1.45 |2557.00 |33.09 |12.00 |11.73 |11.87 |151.72 |13.65 |12.09 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-86 |0.85 |592.00 |19.51 |0.27 |0.27 |0.27 |1.37 |0.31 |12.90 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-89 |0.85 |703.00 |19.61 |5.49 |5.42 |5.46 |13.51 |5.67 |3.17 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-90 |0.45 |1063.00 |23.96 |11.55 |11.93 |11.74 |37.41 |12.31 |3.09 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-91 |0.70 |1065.00 |15.42 |12.99 |13.20 |13.10 |48.79 |13.60 |2.94 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-97 |0.45 |856.00 |26.98 |5.52 |5.11 |5.32 |21.05 |5.80 |4.83 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-98 |0.50 |1036.00 |23.00 |10.46 |10.05 |10.26 |33.53 |10.76 |2.79 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-119|0.70 |995.00 |16.72 |0.14 |0.17 |0.16 |6.34 |0.26 |34.61 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-119|0.85 |532.00 |27.47 |37.75 |40.80 |39.28 |84.03 |41.47 |1.62 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-120|1.35 |2225.00 |19.68 |0.34 |0.34 |0.34 |2.74 |0.36 |5.56 |A |
|--------------------------------------------------------------------------------------------------|
|TR-11-111|1.10 |1601.00 |30.85 |18.75 |19.71 |19.23 |86.47 |20.50 |3.85 |A |
|--------------------------------------------------------------------------------------------------|
|A |A |A |A |A |A |A |A |A |A |A |
|--------------------------------------------------------------------------------------------------|
|*0.03g/t used as highest gold assay of -100 mesh |A |A |A |A |A |
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All core widths are down hole widths, true widths have yet to be determined. Data processing is ongoing.
Please refer to the Knick web site if the above table does not appear in the correct format when viewed: ( http://www.knick.ca/projects/ ).
Reference NI 43-101, Trecesson Property, Abitibi Area, Amos Region, April 30, 2010 by Donald Theberge, Eng., M.B.A.
Samples were sent to Expert Laboratory in Rouyn-Noranda, Quebec for analysis.
Fire assay and metallic sieve methods were implemented for analysis as deemed warranted.
The metallic sieve preparation is where the laboratory crushes and pulverizes the whole sample and then passes the whole sample through a 100 mesh screen. The portion that passes the 100 mesh is called the -100 mesh and is considered the pulp; the portion that is coarser than 100 mesh does not pass the 100 mesh but remains on top of the screen and is the coarse fraction for the metallic. If there is a nugget affect it would be expected to find very high gold values in the coarse or + 100 mesh fraction.
Due to the nature of the native gold mineralization occurring on the Trecesson Property, Metallic Sieve gold analysis was performed on all quartz veining to minimize "nugget effect" results and more accurately assess gold grades.
Presidential Comments:
The gold discovery's structure is of a relative simplicity rarely encountered in recent times. To date it consists of 2 high grade gold zones starting at surface and tested to only 30 meters at depth by Knicks' drilling, of which 25 holes contained visible gold. A 500 metre gap lies between the zones and deeper exploration leaves much more room for discovery both at depth and extension.
To quote our geologist;
`` We've proven that the gold isn't just in an isolated area in terms of the system. The gold is throughout the system`` With the uniqueness of this discovery and the Company's position, with only 31 M shares on the market, I believe much brighter days are ahead of us.
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
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
Val-d'Or, Quebec
J9P 1S4
Office 819-874-5252
Cell 819-856-1387
Gordon N. Henriksen
Vice President
Knick Exploration
536 3rd Avenue
Val-d'Or, Quebec
J9P 1S4
Office 819-874-5252
Cell 819-210-1406
Copyright 2011 ACCESSWIRE-TNW
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- Posted: 2011-11-30 12:12:56
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