Mr. Jason Weber reports
KISKA CUTS LONG GOLD AND COPPER INTERSECTIONS, WHISTLER PROJECT, ALASKA
Kiska Metals Corp. has released results from the first two drill holes from the
phase II program at the Whistler project, 160 kilometres northwest of
Anchorage, Alaska. Both holes returned long gold, copper and silver
intersections from the Raintree area. WH11-033 returned 218 metres
averaging 0.55 gram per tonne (g/t) gold, 3.87 g/t silver and 0.11 per cent copper (0.83 g/t gold equivalent (AuEq)) from the Raintree West target while WH11-034 returned 77.3 metres
averaging 0.58 g/t gold, 1.6 g/t silver and 0.19 per cent copper (0.99 g/t AuEq) from the Raintree North target.
Raintree West
WH11-033 was collared 100 metres west of WH11-030 (453.2 metres of 0.72
g/t gold, 3.2 g/t silver, 0.12 per cent copper), which intersected strong
potassic alteration and copper-gold mineralization. WH11-033, drilled
toward the west at an inclination of minus 65 degrees, intersected moderate
potassic alteration in association with gold-copper mineralization
which averaged 0.55 g/t gold, 3.87 g/t silver and 0.11 per cent copper over 218
metres within a 347.8-metre interval that averaged 0.53 g/t gold, 2.78
g/t silver and 0.08 per cent copper. As was the case in hole WH11-030,
mineralization in WH11-33 is strongest within the diorite porphyry
stock. The stock's steeply dipping western contact is thought to lie west of
the bottom of hole WH11-33. Potential for expansion of the Raintree
West porphyry zone remains in all directions.
RAINTREE WEST -- WH11-33
From (m) To (m) Width (m) Au (g/t) Ag (g/t) Cu (%) AuEq (g/t)
480.1 827.8** 347.8 0.53 2.78 0.08 0.73
480.1 698.0 218.0 0.55 3.87 0.11 0.83
Notes
* Gold equivalent calculations do not take into account metallurgical
recoveries and are based on in-ground metal using metal prices of $990
per ounce gold, $15.40 per ounce silver and $2.91 per pound copper.
** Hole ended in mineralization.
*** Both intersections averaged approximately 0.05 per cent lead and
0.30 per cent zinc.
Raintree North
Hole WH11-034 was drilled to follow up hole WH11-032 (82.6 metres
averaging 0.31 g/t gold, 1.1 g/t silver and 0.13 per cent copper), which was
the first hole Kiska drilled at the new, near-surface, Raintree North
prospect. The hole was collared on the same pad as WH11-032 with a dip
of minus 70 degrees and an azimuth of 225 degrees. This hole returned 77.3
metres averaging 0.58 g/t gold, 1.6 g/t silver and 0.19 per cent copper (0.99
g/t AuEq) within a larger interval averaging 0.40 g/t gold, 1.53 g/t
silver and 0.14 per cent copper over 148.5 metres. Mineralization is hosted by
a diorite porphyry with moderate to strong potassic alteration with
chalcopyrite disseminations and stockwork-style quartz plus magnetite plus
chalcopyrite veins. This zone has a weak to moderate chlorite-sericite
overprint.
RAINTREE NORTH -- WH11-034
From (m) To (m) Width (m) Au (g/t) Ag (g/t) Cu (%) AuEq (g/t)
152.0 300.5 148.5 0.40 1.53 0.14 0.71
181.7 261.0 79.3 0.57 1.55 0.19 0.99
Note
* Gold equivalent calculations do not take into account metallurgical
recoveries and are based on in-ground metal using metal prices of $990
per ounce gold, $15.40 per ounce silver and $2.91 per pound copper.
Results are pending from additional holes at both the Raintree West and
Raintree North targets.
Kiska has completed 61 holes (15,050 metres) of drilling at Whistler since
the summer program started in June. Seventeen conventional holes (8,157
metres) and 32 shallow scout holes (2,219 metres) have been completed in the
Whistler Orbit area. Nine holes (3,716 metres) have been completed at Island
Mountain and three holes (959 metres) at Muddy Creek.
The timing of lab results has lagged behind expectations; however, with
this first batch of results a more steady flow of news is anticipated.
These earliest results show Kiska's continuing success in expanding
known prospects as well as identifying new ones such as Raintree North.
Current emphasis is on shallow scout drilling and identifying new
porphyry centres in the Whistler Orbit, Island Mountain and Muddy
Creek. As fall progresses into winter conditions, focus will return to
core areas such as the Raintree West for more methodical grid-based
drilling and potentially, resource definition.
Qualified person statement
The content of this release has been reviewed by Mark Baknes, MSc,
PGeo, vice-president, exploration, of Kiska Metals. Mr. Baknes is a qualified
person as defined under the terms of National Instrument 43-101.
We seek Safe Harbor.
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