Knick Exploration Inc.

February 27, 2009 11:56 ET

Knick Exploration Prepares Spring Drilling on its East-West Gold Property

VAL-D'OR, QUEBEC--(Marketwire - Feb. 27, 2009) - Knick Exploration Inc. (TSX VENTURE: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 coming weeks.

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 ThTberge, 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 District.

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."

Contact Information

  • Knick Exploration
    Jacques Brunelle
    President & CEO
    Allyson Taylor Partners
    Investor Relation
    Sean F. Budnik