VAL-D'OR, QC, Feb. 27 /CNW Telbec/ - Knick Exploration Inc. (TSX-V: KNX)
("Knick "Exploration" or "the Corporation") wishes to announce that all its
historical drill data, which represents more than 180 drill holes, have been
processed into Geotic Software under the supervision of Donald Theberge, Eng.,
MBA., in preparation for a drilling program planned for Spring 2009.
Data compilation is presently underway and will generate several sections
and maps that will allow the Corporation to identify new drill targets and
maximize its chances of success. A first 3D model will be available in the
The East-West Gold Property is located on strike with Niogold's Marban
property and the Wesdome Kiena gold mine, which hosts two gold-bearing zones,
the East and West zones. Past drilling on the property returned two
interesting assay results: 72.39 g/t gold over 3.2 m (CD-55) and 79.5 g/t gold
over 3.96 m (CD-78) (Source: 43-101 report by D. Theberge, Eng. M.B.A.). The
property remains virtually untested below the 600-foot level, with almost all
the drill results between surface and a depth of 600 feet.
"We feel that the property has strong potential at the 600-foot level and
deeper," said Jacques Brunelle, President and Chief Executive Officer of Knick
Exploration. "We are looking forward to start drilling this spring, which will
be a defining moment for the Company and its investors."
The Corporation intends to update its shareholders on a monthly basis.
Donald Théberge, Eng., M.B.A, independent consultant, is the qualified person
who has reviewed the content of this news release.
About Knick Exploration:
The East-West Gold Property is located directly along the east-west gold
strike that hosts Agnico-Eagle's Goldex Mine, Wesdome's Kiena Gold Mine and
past producer Marban Mine, Knick Exploration seeks to discover a new gold
deposit in one of Canada's most active mining regions, the Abitibi Gold
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. "Neither
TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release."
For further information:
For further information: Jacques Brunelle, President & CEO, Knick
Exploration, (819) 856-1387; Sean F. Budnik, Investor Relation, Allyson Taylor
Partners, (514) 397-0110