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Re: Kiska News - Monday, September 14, 2009
Kiska Metals Corporation: Drilling Commences at Whistler, Alaska
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2009) - Kiska
Metals Corporation, (TSX VENTURE:KSK), ("Kiska") is pleased to announce
that drilling has commenced at the Whistler Project located 150
kilometres northwest of Anchorage Alaska. The program involves testing
five regional targets located on the same 448 square kilometre property
that hosts the existing resource known as the Whistler deposit.
The drill program is being carried out by Quest American Drilling under
the supervision of Kiska's exploration team and constitutes
approximately 1500 meters of core-drilling. Targets include:
- Lightning - outcropping quartz veins hosted by diorite porphyry rocks
with grab samples including 1.97g/t gold, 184g/t silver, 0.11% copper
located approximately 0.9 kilometers southwest of the Whistler Deposit.
- Raintree West - follow-up on the 2008 discovery where the only hole
to-date returned 160 metres averaging 0.59g/t gold, 6.02g/t silver,
0.10% copper including 24 meters averaging 1.37g/t gold, 6.32g/t silver
and 0.13% copper located 1.5 kilometres east of the Whistler Deposit
(previously announced by Geoinformatics Exploration Inc in
press-release November 4, 2008).
- Digger - a magnetic anomaly approximately 500 meters in diameter with
no outcrop exposure and located approximately 3.5 kilometres southeast
of the Whistler Deposit. Soil sampling results at Digger returned
anomalous results including 198 parts per million copper - a result
comparable to soil sampling over the Whistler Deposit.
- Island Mountain Breccia - a 150 meter diameter intrusive breccia body
with grab samples including 1.19g/t gold, 5.2g/t silver and 0.2% copper
hosted by diorite porphyry located approximately 23.5 kilometers
southwest of the Whistler Deposit.
- Island Mountain Cirque - an extensive outcrop of gossanous monzonite
porphyry with grab samples including 4.86g/t gold, 48g/t silver, 2.4%
copper, and 0.233% molybdenum located approximately 22 kilometers
southwest of the Whistler Deposit.
The program is expected to take four weeks to complete. A further 15
holes are expected to be drilled into regional targets as part of a
spring 2010 program and will be targeted on the basis of the current
Induced Polarization geophysical survey as well as geological mapping,
geochemistry and previously collected airborne magnetic data.
Induced Polarization Survey Update
Kiska is currently undertaking a large 3D and 2D Induced Polarization
("IP") survey for up to 340 line kilometers. The 3D Survey is the
larger of the two and is approximately 30% complete. The 2D survey is
approximately 50% complete. Both surveys are scheduled for completion
by mid-November 2009. IP Geophysics is an electrical geophysical
technique that can aid in the identification of sub-surface
accumulations of sulphide minerals such as copper-bearing chalcopyrite
- a mineral closely associated with gold in this area.
About The Whistler Project
The Whistler Project is located approximately 150 kilometers northwest
of Anchorage, Alaska. The Project consists of the Whistler
gold-silver-copper resource (refer Appendix 1) as well as over one
dozen additional prioritized regional targets.
About Kiska Metals Corp
Kiska Metals Corporation is the recent combination of two international
mineral exploration companies, both with renowned technical expertise
and sizable exploration portfolios. Bringing Rimfire Minerals
Corporation and Geoinformatics Exploration together has created a
company which enjoys the benefits of ownership of the multi-million
ounce Whistler gold deposit, numerous exciting early stage exploration
opportunities around the world, and partnerships with some of the
world's largest and most successful gold and base metal producers.
Qualified Person Statement
The content of this release has been reviewed and approved by Mark
Baknes P. Geo. and Darren Holden (MAusIMM) of Kiska Metals Corporation.
Mr. Baknes and Mr. Holden are Qualified Persons as defined under the
terms of National Instrument 43-101.
On behalf of Kiska Metals Corporation
Jason Weber, P.Geo., President & CEO
CAUTIONARY STATEMENT: 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 and
http://www.sec.gov/edgar.
APPENDIX 1.
Mineral Resource Statement for the Whistler Gold Deposit, Alaska
Prepared by
SRK Consulting (Canada) Inc, February 2008.
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Tonnes and Grades Total Contained
Metal
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Gold
Gold
Resource Tonnage Gold Silver Copper Eq(3) Gold Silver Copper
Eq(3)
Category (Mt) (g/t) (g/t) (%) g/t (Moz) (Moz) (Mlb)
(Moz)
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Indicated(
open-
pit(1)) 30 0.87 2.46 0.24 1.35 0.84 2.37 159
1.31
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Total
Indicated 30 0.87 2.46 0.24 1.35 0.84 2.37 159
1.31
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Inferred(
open-
pit(1)) 123 0.59 2.07 0.19 0.98 2.33 8.19 515
3.86
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Inferred(
under-
ground(2)) 11 1.16 3.55 0.24 1.66 0.41 1.26 58
0.59
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Total
Inferred(4) 134 0.64 2.18 0.20 1.05 2.74 9.44 573
4.44
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1. Reported within a conceptual pit shell and based at a cut-off grade
of
0.3 g/t gold equivalent adjusted for metallurgical recovery.
2. Reported based on an underground bulk mining method using a cut-off
grade
of 1.1 g/t gold equivalent adjusted for metallurgical recovery;
3. Total grade and Total Contained Metal gold equivalent grade and
ounces
estimated based on equal full recoveries, $550 per ounce gold, $8
per
ounce silver and $1.50 per pound of copper;
4. Totals may vary due to rounding.
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Copyright (c) 2009 KISKA METALS CORPORATION (RFM) All rights reserved.
For more information visit our website at http://www.kiskametals.com/
or send mailto:info@kiskametals.com
Message sent on Mon Sep 14, 2009 at 8:13:28 AM Pacific Time
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Kiska Metals Corp.
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Kiska Corp. is a gold and copper exploration company based in Canada. Kiska Corp. holds various exploration projects in Australia, in Canada and in Mexico. Its main exploration properties are TIDE, ESKAY CREEK CAMP BC, MACKENZIE CRATON, BOULEVARD, GRIZZLY, WHISTLER ALASKA, THORN and RDN in Canada and BULLFINCH NORTH PROJECT in Australia. Kiska Corp. is listed in Canada. Its market capitalisation is CA$ 10.5 millions as of today (US$ 7.8 millions, € 7.4 millions). Its stock quote reached its highest recent level on November 12, 2010 at CA$ 1.74, and its lowest recent point on January 29, 2016 at CA$ 0.01. Kiska Corp. has 131 440 000 shares outstanding. |