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Knick Posts, 1951 George Dumont Report On Tungsten, Trecesson Property Area, Quebec

Tuesday, 21 October 2014 10:46 AM

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Val-d'Or, Quebec / ACCESSWIRE / October 21, 2014 / Knick Exploration Inc. (TSX-V: KNX) is pleased to report the posting on the company's website of the 1951 George Dumont Report on Tungsten in the Vein No. 9 area of Knick's flagship Trecesson Property, Quebec.

Mr. G. Dumont reported in 1951 that a 13,500 lb. (6,136 kg.) bulk sample from Vein No. 9 assayed 0.45% tungsten tri-oxide and 1g/t gold (reference: GM4150-A). The report describes the main showing as consisting of a stringer zone 6.1m to 9.1m wide and is the southerly continuation of Vein No. 9 and that six holes were drilled intersecting the #9 Vein and "new parallel striking veins" at vertical depths of up to 91m (300 ft.) and over a strike length of 235m (770feet). The 1951report by George Dumont is posted at www.knick.ca.

Mr. George H. Dumont, mining engineer and geologist, was inducted to the Canadian Mining Hall of Fame in 1995. His extensive career and involvement in numerous discoveries from 1937 to 1983 predominately in northern Quebec includes the Adelmont gold mine, the Monique gold deposit, the Louvicourt Goldfields mine, the Mid-Canada mine, the Wrightbar gold mine, the Bras D'Or mine the, Chesbar iron mine, the Quebec Explorer gold mine, East Sullivan deposit, a nickel deposit of 800 million tons of 0.4% nickel which is now respectfully called 'the Dumont Sill", a molybdenum-bismuth deposit and two lithium deposits.

In 2013 Knick completed preliminary mapping, stripping, washing and sampling on and in the area of the Vein No. 9 system. The casings of holes drilled in 1951 were located along with historical pit and trench workings. Three of ten grab samples taken by Knick, of Vein No. 9 to confirm historic reports of tungsten in the vein returned, 0.64%, 0.63% and 0.55%, tungsten tri-oxide. The samples were obtained from the vicinity of the 1951 bulk sample.

A second tungsten mineralized area of veining referred to as the Scheelite Vein, rediscovered by Knick in 2012 in old workings and indicated in the map included in GM04150-A is shown as 445 ft. long, up to 6 ft. wide and having WO3 values of 0.53 to 16.89% (press release June 6, 2013).

A grab sample by Knick in the vicinity of Vein No. 9 assayed 420.37g/t gold (Knick press release Oct. 30, 2012) returned 0.2% tungsten-trioxide. The Scheelite Vein area has also returned tungsten with gold as 3.2% tungsten tri-oxide (WO3) in a grab sample which assayed 51g/t gold (press release Nov. 7, 2013).

President's Comments:

Looking back at all the discoveries made by Mr. Dumont we believe we have a fair chance at success to prove the high tungsten values in place. Among Mr. Dumont's conclusions in the 1951 report he states that "A fair tonnage is a certainty" (GM4150-A). Please reference the conclusions of Mr. Dumont's 1951 report for his complete recommendations.

While most investments are made in Vietnam and South-Korea major investors are now looking west and North America could be the next platform for Tungsten and Knick intends to be part of it.

Tungsten Market News:

Find out more at: www.miningfeeds.com/2012/07/03/why-warren-buffett-likes-tungsten/

Additional Data on the Vein No. 9 Area Tungsten:

A 1940 grab contained 2.72% W and samples collected 1941 assayed 2.7 to 27.5% WO3 (MNRQ GM files). Government bulk samples in 1955 of 200lbs and two of 500lbs taken for metallurgic work contained 0.33%, 0.35 and 0.36% WO3, respectively. The metallurgical work indicated positive results in producing a favourable tungsten tri-oxide concentrate (MNRQ: GM4150-C, press Jan. 29, 2014).

The 1955, Quebec Tungsten Limited report: "some larger scale tests on the ore from Quebec Tungsten Limited, for the purpose of obtaining more constant operation, a larger amount of WO3 concentrate and a procedure more nearly parallel to plant operation than could be obtained in the small scale laboratory tests. These larger scale tests have now been made using approximately 500 lbs of ore for each test." The objective of the test was to raise the grade of the scheelite concentrate to the acceptable figure of 60% WO3 for direct sale. "This was obtained with a concentrate running 63.5% WO3 but the recovery fell off. However, the middling and tailings from the cleaner table operation could be ground and re-tabled and with a recovery from them of 50% of the tungsten it would bring the overall recovery close to 70%."(Reference MNRQ: GM4150-C).

The tungsten affiliation with gold in the Trecesson Batholith vein systems increases the potential of outlining economical deposits in the area.

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.

Typical grades for tungsten are 0.3 to 1.5% tungsten tri-oxide for veins, lower for stockworks.

Grab samples are selective by nature and are unlikely to represent the average grade of the mineralized zone.

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. Alternate laboratories are used for substantiation of results on pulps and rejects as warranted and required.

References: 1) NI 43-101 Technical Report Pertaining To: Trecesson Property, Abitibi Area, Quebec, Canada, January 20, 2012 updated on March 25, 2013, by Donald Theberge, Eng., M.B.A. available on Knick's web site at www.knick.ca.

2) Knick press releases for 2012 and 2013 available in the news room on Knick's web site at www.knick.ca.

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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 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

Office Office

819-874-5252 819-874-5252

Cell Cell

819-856-1387 819-210-1406

SOURCE: Knick Exploration Inc. 

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