Vancouver, BC - September 27, 2010:
Kiska Metals Corporation ("Kiska" or the "Company")
reports that the first drillhole completed at the Whistler Deposit, on the
wholly-owned Whistler Property, has extended mineralization 80 metres to
the south and a further 125 metres to depth from previous drilling. Hole WH10-019 intersected 203
metres averaging 0.44 g/t gold, 0.22% copper and 1.15 g/t silver (0.86 g/t
gold equivalent) from 296 metres depth. A second intersection at depth
returned a further 244 metres of 0.45 g/t gold, 0.17% copper and 1.32 g/t
silver (0.79 g/t gold equivalent) from 604 metres.
"We are extremely pleased to be building upon the resource with
Kiska's first hole into the Whistler Deposit," stated Jason Weber,
President and CEO of Kiska. "This hole shows that the strike and depth
extent of the deposit has not yet been determined and significant potential
for expansion exists."
Hole WH10-019 was drilled to the east at a -51 degree inclination and is
located on the southwest side of the Whistler Resource, 80 metres south of
previous drilling. It was designed to target the strike-extent of
open-ended mineralization on the south edge of the deposit, and open-ended
mineralization at depth. A plan map and cross-section are available at
Kiska's website at
(http://www.kiskametals.com/s/Whistler.asp?ReportID=370037).
WH10-019 (Azimuth: 086, Dip: -51, Hole Length: 893 metres)
From (m)
|
To (m)
|
Interval (m)
|
Gold (g/t)
|
Copper (%)
|
Silver (g/t)
|
Gold Eq. (g/t)*
|
296
|
499
|
203
|
0.44
|
0.22
|
1.15
|
0.86
|
Includes 424
|
499
|
75
|
0.62
|
0.21
|
0.74
|
1.02
|
604
|
848
|
244
|
0.45
|
0.17
|
1.32
|
0.79
|
Includes 650
|
764
|
114
|
0.72
|
0.19
|
1.40
|
1.10
|
* Gold equivalent
grade calculated using US$550 per ounce gold, US$8 per ounce silver and
US$1.50 per pound of copper
Of the two gold-copper intersections in the hole, the upper zone is located
west of the Divide Fault, a north-south structure which transects the
deposit, while the deeper mineralization is located east of the fault.
Mineralization in both intervals is hosted by diorite porphyry and occurs
in association with quartz-magnetite-chalcopyrite veining and disseminated
chalcopyrite in altered wallrock. Hole WH10-019 is one of five drill holes
completed during a recent drilling campaign that was focused on testing the
depth and strike extent of mineralization at the Whistler Deposit,
particularly on the west side of the Divide Fault where there are
significant gaps in previous drilling. These holes plus 8 holes drilled in
2008 will be incorporated into a new resource estimate expected to be
released in November.
Mineral Resource Statement for the Whistler Gold Deposit, Alaska.
Prepared by SRK Consulting (Canada) Inc December 2007
|
Tonnes
and Grades
|
Total
Contained Metal
|
Resource
Category
|
Tonnage
(Mt)
|
Gold
(g/t)
|
Silver
(g/t)
|
Copper
(%)
|
Gold Eq3
g/t
|
Gold
(Moz)
|
Silver
(Moz)
|
Copper
(Mlb)
|
Gold Eq3
(Moz)
|
Indicated (open-pit1)
|
30
|
0.87
|
2.46
|
0.24
|
1.35
|
0.84
|
2.37
|
159
|
1.31
|
Total Indicated
|
30
|
0.87
|
2.46
|
0.24
|
1.35
|
0.84
|
2.37
|
159
|
1.31
|
Inferred (open-pit1)
|
123
|
0.59
|
2.07
|
0.19
|
0.98
|
2.33
|
8.19
|
515
|
3.86
|
Inferred (underground2)
|
11
|
1.16
|
3.55
|
0.24
|
1.66
|
0.41
|
1.26
|
58
|
0.59
|
Total Inferred4
|
134
|
0.64
|
2.18
|
0.20
|
1.05
|
2.74
|
9.44
|
573
|
4.44
|
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. Gold equivalent grade estimated based on 75 percent recovery for gold
and silver; 85 percent recovery for copper; US$550 per ounce gold, US$8 per
ounce silver and US$1.50 per pound of copper;
4. Totals may vary due to rounding.
Qualified Person Statement
The content of this release has been reviewed and approved by Mark Baknes,
M.Sc., P. Geo., Vice President Exploration of Kiska Metals Corporation. Mr.
Baknes is a Qualified Person as defined under the terms of National
Instrument 43-101.
About Kiska Metals Corporation
Kiska Metals Corporation is a mineral exploration company focused on
advancing the Whistler Project, Alaska, which includes a multi-million
ounce gold-copper resource and excellent exploration potential. Kiska has
renowned technical expertise and a quality exploration portfolio with
numerous early stage exploration opportunities around the world, some held
in partnership with a selection of the world's largest and most successful
gold and base metal producers.
On behalf of Kiska Metals Corporation
"Jason Weber"
Jason Weber, P.Geo., President & CEO
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 and http://www.sec.gov/edgar.
Kiska Metals Corporation
1350-650 West Georgia Street
Vancouver, B.C., Canada V6B 4N9
Tel: (604) 669-6660
Fax: (604) 669-0898
Contact: Jason Weber - President and CEO
Drew Martel - Investor Relations
|