Knick to Focus on Its Tungsten Assetsadmin
Val-d’Or, Quebec, January 14, 2014, – Knick Exploration Inc. (TSX-V: KNX) is pleased to report that it will be concentrating its exploration effort on its tungsten assets of the Trecesson Property for the immediate future. The tungsten area is host to 2 main veins. The number 9 vein having a strike length of 450 meters and reported widths up to 7 meters and the Scheelite Vein which has been traced for a length of 250 meters. Initial 2013 grab samples results from "Vein No. 9" by Knick ran 0.64%, 0.63% and 0.55% tungsten tri-oxide and a grab sample that assayed 420.37g/t gold returned 0.2% tungsten-trioxide. The Scheelite Vein area has returned tungsten with gold as 3.2% tungsten tri-oxide (WO3) in a grab sample which assayed 51g/t gold.
The tungsten affiliation with gold in the Trecesson Batholith vein systems increases the potential of outlining economical deposits in the area.
World demand for tungsten is continuing to increase. China controls approximately 80% of the market followed by the former USSR with about 8%. Typical grades for tungsten are 0.3 to 1.5% tungsten tri-oxide for veins, lower for stockworks.
The property covers most of the Trecesson Batholith which has similar characteristics to the Bourlamaque Batholith of the Val d‘ Or mining camp. Tungsten was produced during the war effort at Sigma Mines peripheral to the Bourlamaque Batholith and is present at the Beaufor mine within the batholith.
The property is located 12 km north of the town of Amos and approximately 65 km north northwest of Val d‘ Or. The Trecesson Gold Property is traversed by paved and all weather gravel roads making it accessible year round.
Further information is available at www.knick.ca .
Grab samples are selective by nature and are unlikely to represent the average grade of the mineralized zone. All assay laboratory results stated above have been previously released.
Samples were sent to Expert Laboratory in Rouyn-Noranda, Quebec for analysis.
Fire assay, multi element scan and XRF method were implemented for analysis.
Standards and blanks are submitted by Knick routinely to insure quality control.
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:
Jacques Brunelle Gordon N. Henriksen
President & CEO Vice President
Knick Exploration Knick Exploration
536, 3rd Avenue 536, 3rd Avenue
Val-d’Or, Quebec Val-d’Or, Quebec
J9P 1S4 J9P 1S4
Posted: January 14th, 2014 under ACCESSWIRE.