VANCOUVER, BC--(Marketwired - January 16, 2015) - Kiska Metals Corporation (TSX VENTURE: KSK) ("Kiska" or the "Company") is pleased to announce that it has entered into a definitive option agreement (the "Option Agreement") with Chlormet Technologies, Inc. ("Chlormet") pursuant to which Kiska has been granted the exclusive right to earn 100% of the interest of Chlormet in the Chuchi Property (the "Project") located in British Columbia. The terms of the option agreement were announced by Kiska in a press release dated September 8th, 2014.
"We are pleased to complete this transaction with Chlormet on the Chuchi Property. With a proven porphyry system near an operating mine and existing infrastructure, Chuchi has the potential to add significant value to our project portfolio." stated Kiska's President Grant Ewing. "Kiska's goal moving forward will be to secure a partner on this exciting project."
Chuchi Property:
The road-accessible Chuchi Property hosts a copper-gold porphyry system in a prospective region of the Quesnel porphyry belt in north-central British Columbia, and is located 32 km to the northwest of the newly-opened Mt. Milligan copper-gold mine. The core of the property overlies a 12 km2 alteration zone centered on a cluster of porphyritic monzonite stocks hosted by volcanic and sedimentary rocks. Drilling campaigns from 1989 to 1991 targeted coincident Cu-Au soil geochemical anomalies and Induced Polarization chargeability high anomalies within this alteration zone, for a total of 13,030 metres from 79 drillholes, yet preliminary work by Kiska indicates that there remains considerable room for expansion of known zones of mineralization. To view Chuchi maps click here.
Qualified Person
The technical content of this document was reviewed and approved by Michael Roberts, Ph.D., P.Geo., Vice President of Exploration for Kiska Metals Corporation, a Qualified Person as defined by National Instrument 43-101. The Chuchi Property is an exploration property and does not contain any mineral resource estimates as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Kiska Metals Corporation
Kiska Metals Corporation is a prospect generator company with a diverse portfolio of gold and copper projects throughout North America and Australia. One of the more advanced assets is the Whistler property, Alaska, a district-scale gold-copper porphyry project that has excellent exploration potential. Kiska has numerous gold and copper projects available for option-joint venture as well as an extensive royalty portfolio.
On behalf of Kiska Metals Corporation
"Grant Ewing"
Grant Ewing, President & CEO
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.
CAUTIONARY STATEMENT: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Kiska Metals Corporation, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Kiska's expectations are the risks detailed herein and from time to time in the filings made by Kiska Metals Corporation with securities regulators. Those filings can be found on the Internet at http://www.sedar.com.
