|
|
EAST-WEST GOLD PROJECT
Val-d'Or Mining Camp, Quebec
Historical Gold Production: 18.4 Million Ounces
The
Cadillac, Malartic and Val-d'Or mining camps, which today have seen gold
production exceeding 45 M ounces, comprise the eastern portion of the prolific
Abitibi Gold District.
Located
at the heart of Quebec's Abitibi Gold District, approximately 11 km west of the
town of Val-d’Or, Knick Exploration's East-West gold property lies
east of Osisko Mining’s Canadian Malartic mine site and Aurizon’s past producing
Marban mine. Nearby to the east, Wesdome Kiena and Agnico-Eagle Goldex mines are
both in production.
Knick Exploration has completed its phase 1, 7,000 meter drilling campaign and
is planning for an additional 10,000 meters to confirm gold continuity at depth.
The Company expects several announcements throughout 2010 and 2011.
Based on geological similarities with nearby gold producing mines, Knick
Exploration management is confident about the property’s mineral potential and
prospect for future mine development. With over 80 million ounces of gold
produced, the Abitibi Gold District is an established mining area and the
Company’s positioning within it is optimal.
Historical Background
Sporadic
gold exploration work has been carried out on the East-West property since 1935.
Until currently, the most recent work on the property was diamond drilling by
Cache d’Or Resources Inc. in 1987. The previous work has led to the discovery of
two definite zones of gold mineralization on the northern part of the property.
The zones have only been tested to approximately 200m depth. The west zone has
seen the majority of drilling and has returned historic values of up to 2.32oz/t
gold over 13.0 feet. Limited diamond drilling has been completed on the East
zone.
The north part property is underlain by metavolcanic rocks of the Jacola
Formation, Val d’Or Formation and Kewagama Group which have been intruded by
mafic and ultra mafic rocks. The southern most part of the claim block is
underlain by meta- sedimentary rocks of the Cadillac Group.
Knick Exploration Inc. was founded in January of 2009. The East-West property
was acquired as its flagship property and line cutting was completed in May 2009
over the northern part of the property.
Geophysical work, consisting of induced polarization surveying, detailed-total
field magnetic surveying and VLF electromagnetic surveying was completed on the
grid in June. The geophysical data is currently being processed for drill target
selection.
At present a diamond drill program is being prepared to verify historic gold
intercepts and test their potential at depth and along strike.
During the line cutting and geophysical surveys an area of outcrop was located
and numerous old trenches were found in the vicinity of the outcrop. Co-relation
of the geophysics and outcrop/trenched area will be preformed in conjunction
with geological mapping, prospecting and sampling and followed up with a program
of mechanical stripping if warranted.
2010 Channel Sampling Work
[click to enlarge]


|

Technical Documents:

|