Val-d'Or, Quebec, June 12, 2012 - Knick Exploration Inc. (TSX-V:KNX.V) is pleased to report that the ongoing compilation and research on its Trecesson Property has targeted 9 areas of quartz veining within the Trecesson Pluton and 11 areas of base metal potential as 8 historic pyrite, pyrrhotite, chalcopyrite + sphalerite, 2 pyrite, pyrrhotite and1 pyrrhotite occurrences within the volcanics, to be investigated. Near the margin of the pluton one of the areas of veining is reported to carry tungsten mineralization-scheelite. From previous induced polarization data 12 geophysical anomalies in part lie within areas of rock outcroppings and have also been targeted for field mapping/prospecting and sampling.
Priority areas include:
i) A +500m quartz vein in the south west portion of the pluton, 2.2km southwest of the Cossette gold system (MRNFQ DP 199 & RG 194-1973-79).
ii) A +185m quartz vein proximal to the southern margin of the pluton, 2.8 km south southeast of the Cossette gold system. (MRNFQ DP 199 & RG 194-1973-79)
iii) Approximately 2km to the east of the Cossette Gold System a +27 m quartz vein (1937 Kongor Mining-GM 08067).
iv) A 457m quartz vein to the south east of the Spirit Lake Area and 2.5 km east of the Cossette gold system (1937 Kongor Mining-GM 08067).
v) The quartz vein-tungsten area in the northeast part of the property.(2003 C. Derosier-GM 61308, MRNFQ RG 109-1964)
Previously reported surface grab samples highlights from two areas of veining investigated in 2011 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)
The Trecesson Gold Property Project in the Amos-Val d'Or Mining Camp consists of 7,500 hectares (18,533 acres, 75 square kilometres). It 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, Sullivan and Richmonts 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, zinc and Tungsten.
Currently:
The mapping/prospecting and sampling is of targeted areas is ongoing.
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
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