Drilling Expands Kiska's Gold-Copper Discovery at Island Mountain
07 Juillet 2010 - 2:00PM
Marketwired
Kiska Metals Corporation (TSX VENTURE: KSK) reports results from
drilling at the Island Mountain prospect of the Whistler
gold-copper property in Alaska. Drill hole IM10-004 was collared
approximately 50 metres northeast on the same section as the 2009
Island Mountain Breccia discovery hole. Similar to the discovery
hole, IM10-004 intersected two zones of gold mineralization. An
upper gold-copper zone averages 0.70 g/t gold, 2.5 g/t silver and
0.16% copper over 129.8 metres starting at 31.2 metres depth and a
lower gold-only intersection averages 0.78 g/t gold over 151.6
metres starting at a depth of 231.5 metres. Island Mountain is
hosted within a 4.5 by 3.0 kilometre area of anomalous gold-copper
soil and rock geochemistry and is located 23 kilometres south of
the Whistler Deposit.
"Island Mountain is a compelling target that we have only just
begun to explore," stated Jason Weber, President and CEO of Kiska
Metals Corporation. "Our current surface mapping program and
existing geophysical data will aid in targetting additional step
out drilling. Drilling at Island Mountain will continue this summer
once we have completed our requirements under the Kennecott Back-in
Agreement."
The upper intersection of IM10-004 includes a higher grade
interval of 64.4 metres averaging 1.13 g/t gold, 3.2 g/t silver and
0.22% copper within the broader 129.8 metre intersection.
Mineralization is hosted within diorite crackle breccia and
hydrothermal breccia cemented by an
actinolite-biotite-magnetite-pyrrhotite-chalcopyrite matrix. Higher
grade intersections correspond to zones where the breccia matrix
comprises a greater proportion of the interval. This intersection
in IM10-004 corresponds to the upper 150 metre intersection in the
2009 discovery hole which averaged 0.72 g/t gold, 2.4 g/t silver
and 0.16% copper. Plan maps of the Whistler Property and Island
Mountain targets can be found at
http://www.kiskametals.com/s/Whistler.asp?ReportID=370037. A
cross-section of the Island Mountain holes can be found at
http://tinyurl.com/IslandMountainXSection.
The lower gold zone was intersected from 231.5 to 383.1 metres
and averages 0.78 g/t gold over its 151.6 metre length.
Mineralization is hosted within moderate to strongly
albite-biotite-actinolite altered diorite porphyry with variable
5-20% net-textured pyrrhotite and trace chalcopyrite. Net-textured
pyrrhotite mineralization in the diorite is texturally similar to
the lower mineralized zone in IM09-001 (1.22 g/t gold over 106.9
metres). IM10-004 continues in diorite porphyry until a depth of
489.9 metres where it intersects hornfelsed sediments to the end of
the hole at 541.0 metres. Detailed mapping, prospecting and
sampling continues in the area to aid in targetting further
drilling at Island Mountain through this fall.
Two additional holes at Island Mountain, collared 800 metres
southeast and 1600 metres northwest of IM004-10 will be completed
in the current program. Four holes testing targets at Round
Mountain (33 kilometres north) and in the Whistler Corridor (23
kilometres north) will complete Kiska's requirements under the
Back-In Agreement with Kennecott Exploration Inc. (a subsidiary of
Rio Tinto). Drilling is expected to be completed in approximately
one week. Once a final report is delivered to Kennecott (estimated
early August), a 90 day period in which Kennecott must decide to
exercise or waive its back-in rights on the Whistler Property will
commence. Kiska plans additional step out drilling at Island
Mountain and at the Whistler Deposit during Kennecott's decision
period.
Qualified Person Statement
The content of this release has been reviewed and approved by
Mark Baknes P. Geo., Vice President of Exploration of Kiska Metals
Corporation. Mr. Baknes is a Qualified Person as defined under the
terms of National Instrument 43-101. Rock samples were prepared for
assay at ALS Chemex labs in Fairbanks, Alaska, and analyzed for
multiple elements at ALS Chemex labs in North Vancouver, British
Columbia.
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. Kiska resulted from the merger of Rimfire Minerals
Corporation and Geoinformatics Exploration in August 2009.
On behalf of Kiska Metals Corporation
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.
Contacts: Kiska Metals Corporation Drew Martel Investor
Relations 604.669.6660 604.669.0898 (FAX) Kiska Metals Corporation
Jason Weber 604.669.6660 604.669.0898 (FAX) www.kiskametals.com
Kiska Metals Corporation (TSXV:KSK)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Kiska Metals Corporation (TSXV:KSK)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024