=======================================================================
Re: Kiska News - Tuesday, November 03, 2009
Kiska Metals Announces Option of Uncle Sam Project to Millrock
Resources
=======================================================================
KSK09-07
Vancouver, BC -- November 3, 2009: Kiska Metals Corporation ("Kiska")
is pleased to announce that it has signed an option agreement through
which Millrock Resources may acquire a 100% interest in Kiska's Uncle
Sam property, located approximately 76 kilometres southeast of
Fairbanks, Alaska. Under the terms of the agreement, Millrock will
conduct US$2,700,000 in exploration and make cash and share payments
totaling US$200,000 and 1,000,000 shares, respectively, over a four
year period, including $40,000 immediately upon approval by the TSX
Venture Exchange.
The Uncle Sam gold project is an intrusion-related gold system hosted
in rocks similar in age to those which host the Pogo gold mine, located
approximately 60 kilometres to the east. The Pogo deposit was
discovered in the mid 1990's and hosts over 5 million ounces of gold.
The Uncle Sam project exhibits extensive surface gold geochemistry
anomalies and previous drilling returned a highlight intersection of
10.6 metres averaging 6.1g/t gold within a total of 18 individual drill
intersections of greater than 1 g/t gold over drilled widths ranging
from 3 to 12 m.
This marks the first property agreement signed since the formation of
Kiska through the merger of Rimfire Minerals Corporation and
Geoinformatics Exploration, which created an extensive portfolio of
highly prospective gold and copper projects throughout North America
and Australia. With Kiska's exploration team currently focused on the
advancement of the wholly-owned Whistler copper-gold porphyry project
in Alaska, value for the remainder of the combined property portfolio
will be optimized through strategic partnerships, option/joint ventures
and property dispositions.
Qualified Person Statement
The content of this release has been reviewed and approved by Mark
Baknes, P. Geo. 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 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 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.
=======================================================================
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 Tue Nov 3, 2009 at 6:48:12 AM Pacific Time
=======================================================================
.
|
Millrock Resources Inc.
|
|
EXPLORATION STAGE |
CODE : MRO.V |
ISIN : CA6011322022 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Millrock Resources is a development stage company based in Canada. Its main exploration properties are GALIURO, SAN JOSE, DRY MOUNTAIN, BLUFF, FORTYMILE, UNGALIK, CRISTO, ESTELLE, UNCLE SAM, DIVIDE and COUNCIL in USA. Millrock Resources is listed in Canada. Its market capitalisation is CA$ 1.6 millions as of today (US$ 1.2 millions, € 1.2 millions). Its stock quote reached its highest recent level on December 10, 2010 at CA$ 9.90, and its lowest recent point on March 21, 2023 at CA$ 0.03. Millrock Resources has 44 525 418 shares outstanding. |