Val-d'Or, Quebec, May 15, 2012, - Knick Exploration Inc. (TSX-V: KNX) is pleased to report that it has expanded its Trecesson Gold Property Project land position in the Amos-Val d'Or Mining Camp to a total of 7,500 hectares (18,533 acres, 75 square kilometres). The additional 2,100 hectares (5,182acres) was acquired by map staking and optioning of ground. The property now covers approximately 80% of the Trecesson Pluton which has geological similarities to the Bourlamaque Batholith host to at least 9 known deposits in the Val d'Or mining camp that gave rise to producers and past producers including the Ferderber and Beaufor gold mines.
The Trecesson Gold Property is 30 % underlain by felsic to mafic volcanics with potential for volcanogenic massive sulfides-base metal mineralization and 70% by granitic intrusive rock (The Trecesson Pluton) with significant fracturing of substantial extent. These "fractures" structures appear to be conduits for metallic mineralizing fluids, gold, silver, copper, lead and zinc.
Previously reported surface grab samples highlights included:
1) 109.82g/t gold (metallic sieve), 61.6 g/t silver, 1.41% copper, 9.39% zinc and 0.79% lead, Cossette Vein system (Press release Feb. 12, 2010)
2) 18.21g/t gold, Spirit Lake Area (Press release Dec. 8, 2011)
Previously reported (Press release Aug. 16, 2011) drilling highlights included:1)TR-11-61, 14.22g/t gold over 3.80m (0.415oz/ton over12.46ft), 2)TR-11-73, 22.69g/t gold over 1.95m (0.663oz/ton over 6.4 ft) 3)TR-11-119, 22.86g/t gold over 1.55m (0.667oz/ton over 5.08ft)
Preliminary mapping/prospecting and sampling has commenced on selected areas of the enlarged land position and samples results are pending.
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.
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:
President & CEO
536 3rd Avenue
Gordon N. Henriksen
536 3rd Avenue