Kiska Intersects 161 metres of 1.28 g/t gold-equivalent at Island Mountain Prospect, Whistler Project, Alaska
VANCOUVER, Oct. 6, 2011 /PRNewswire/ – Kiska Metals Corporation (“Kiska” or
“the Company”) reports further drill holes from Island Mountain at the
Whistler Project, 160 km northwest of Anchorage, Alaska. Results
include hole IM11-020 in the Breccia Zone, which averaged 1.28g/t
gold-equivalent over 161 metres. This result from section 7,750N helps
to define a zone of copper and gold mineralization that measures
approximately 300 metres east-west and over 400 metres vertically. In
addition, hole IM11-026, a further 100 metres north of IM11-020,
returned an interval of 127.0 metres of 0.76 g/t gold-equivalent,
indicating a potential transition to gold-dominant mineralization to
the north in the breccia zones.
Island Mountain Breccia Zone Drilling
IM11-020 was collared at the same location as recently reported hole
IM11-018, which intersected a broad interval of gold-copper
mineralization (375 m averaging 0.42g/t gold, 1.50g/t silver and 0.07%
copper, including 135 metres averaging 0.73g/t gold, 2.5g/t silver,
0.11% copper). IM11-20, drilled toward the east and beneath hole
IM10-018 at an inclination of -62 degrees. The higher grade section of
the hole (161 m averaging 1.00 g/t gold, 2.29 g/t silver and 0.12%
copper or 1.28 g/t gold-equivalent) lies within a 344.0 m interval that
averaged 0.56 g/t gold, 1.62 g/t silver and 0.08% copper, or 0.75 g/t
gold-equivalent. Drilling on section 7,750N has now outlined
mineralization approximately 300 metres in true width to a depth of 500
metres from surface.
Hole IM11-020 (Section 6,847,750 N, “7,750N”)
__________________________________________________
| |From | To |Width| Au | Ag | Cu |Au Eq|
| | (m) | (m) | (m) |(g/t)|(g/t)|(%) |(g/t)|
|_________|_____|_____|_____|_____|_____|____|_____|
|IM11-020 |136.0|480.0|344.0|0.56 | 1.62|0.08|0.75 |
|_________|_____|_____|_____|_____|_____|____|_____|
|Including|180.0|439.0|259.0|0.71 | 1.87|0.10|0.94 |
|_________|_____|_____|_____|_____|_____|____|_____|
|Including|222.0|383.0|161.0|0.99 | 2.40|0.12|1.28 |
|_________|_____|_____|_____|_____|_____|____|_____|
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 IM11-026 represents the first results from holes drilled on section
7,850N located 100 metre north of section 7,750N. Hole IM11-026
contained an upper interval that averaged 0.76 g/t gold-equivalent over
127.0 metres within a broad 257.0 metre zone that averaged 0.48 g/t
gold-equivalent. This upper zone is associated with hydrothermal and
igneous matrix breccias. Low grade intervals that averaged 0.24 g/t and
0.25 g/t gold over 42.5 and 54.0 metres, respectively, are associated
with disseminated and vein pyrrhotite mineralization that persists to
the east of the main breccia axis.
Hole IM11-026 (Section 6,847,850 N, “7,850N”)
__________________________________________________
| |From | To |Width| Au | Ag | Cu |Au Eq|
| | (m) | (m) | (m) |(g/t)|(g/t)|(%) |(g/t)|
|_________|_____|_____|_____|_____|_____|____|_____|
|IM11-026 | 9.0 |266.0|257.0|0.45 | 0.57|0.01|0.48 |
|_________|_____|_____|_____|_____|_____|____|_____|
|Including|139.0|266.0|127.0|0.74 | 0.50|0.01|0.76 |
|_________|_____|_____|_____|_____|_____|____|_____|
| |335.0|377.5|42.5 |0.24 | 0.50|0.04|0.32 |
|_________|_____|_____|_____|_____|_____|____|_____|
| |491.0|545.0|54.0 |0.25 | 0.34|0.02|0.29 |
|_________|_____|_____|_____|_____|_____|____|_____|
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.
Holes IM11-022 and IM11-024, both collared from the same location and
180 metres west of and beneath the discovery hole IM09-001 m (Section
7,650N) were to test for possible down dip continuation of the
gold-copper bearing breccias and gold-bearing disseminated/vein
pyrrhotite zones. Hole IM11-024 drilled at an inclination of -45
degrees intersected gold-bearing disseminated/vein pyrrhotite
mineralization for much of its length including 101 metres averaging
0.61 g/t gold-equivalent, yet did not intersect significant widths of
breccia. Hole IM11-022, inclined at -60 degrees, also failed to
intersect significant widths of breccia with the bottom of the hole
being dominated by a footwall section of hornfels sediments with minor
vein pyrrhotite-pyrite mineralization, containing pervasive, low grade
gold mineralization. These holes are interpreted to be beneath the
steeply north-dipping southern contact of the main breccia body.
Hole IM11-022 (Section 6,847,650 N, “7,650N”)
__________________________________________________
| |From | To |Width| Au | Ag | Cu |Au Eq|
| | (m) | (m) | (m) |(g/t)|(g/t)|(%) |(g/t)|
|_________|_____|_____|_____|_____|_____|____|_____|
|IM11-022 |205.0|238.1|33.1 |0.27 |0.60 |0.03|0.34 |
|_________|_____|_____|_____|_____|_____|____|_____|
|and |286.0|328.0|42.0 |0.34 |0.44 |0.01|0.37 |
|_________|_____|_____|_____|_____|_____|____|_____|
|and |506.0|533.0|27.0 |0.19 |1.22 |0.06|0.33 |
|_________|_____|_____|_____|_____|_____|____|_____|
|IM11-024 |15.0 |461.0|446.0|0.26 |0.82 |0.03|0.33 |
|_________|_____|_____|_____|_____|_____|____|_____|
|Including|184.0|247.8|63.8 |0.31 |0.43 |0.02|0.35 |
|_________|_____|_____|_____|_____|_____|____|_____|
|Including|357.0|458.0|101.0|0.55 |0.56 |0.03|0.61 |
|_________|_____|_____|_____|_____|_____|____|_____|
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 from holes on sections 7,600N, 7,650N (Holes IM11-22, 24),
7,750N (IM10-013, IM11-018, 020) and 7,850N suggest that the breccia
zones and peripheral gold-bearing pyrrhotite zones are situated above a
floor or footwall of hornfels sediments plunging shallowly to the north
and that these gold-copper and gold zones may also plunge likewise to
the north. Results from holes on section 7,750N (IM10-013, IM11-018,
020) demonstrate a strong gold-copper system that extends at least 100m
south, whereas hole IM11-026 on section 7,850N indicates a transition
to essentially gold-only mineralization in association with breccias to
the north. By their nature breccias and structural gold systems can be
expected to be irregular in form and because of this drilling is
continuing, stepwise to the north, on approximate 50m sections.
“These results demonstrate a broad and deep gold-copper system that is
impressive in its strength and complexity,” comments Mark Baknes, Vice
President of Exploration for Kiska Metals. “Island Mountain is emerging
as a significant target at the Whistler Project.”
Kiska continues to expand beyond the 23 holes completed thus far with
plans to continue with two drill rigs at Island Mountain as long as
weather conditions allow. A total of 9,700 metres of drilling have been
completed at Island Mountain, largely on east-west oriented drill
sections spanning a north-south strike extent of approximately 700
metres. This area of focus is defined by expansive areas of
gold-copper-bearing breccia-style and peripheral gold-bearing
disseminated and vein pyrrhotite-style mineralization. Analytical
results for up to 15 more holes are anticipated over the following
weeks. Plan maps and cross sections can be found at http://www.kiskametals.com/s/Whistler.asp?ReportID=405126.
Click here to view plan maps and cross sections: http://files.newswire.ca/901/kiska1006.pdf
In addition to the results pending from Island Mountain, complete assays
have yet to be received for targets in the Whistler Orbit (Raintree
West, North and South targets and the Rainmaker target) as well as
three holes completed at the Muddy Creek target. Results are expected
to be released in groups based on target areas.
Qualified Person Statement
The content of this release has been reviewed by Mr. Mark Baknes, M.Sc.,
P. Geo., VP Exploration of Kiska Metals. 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 property, Alaska, a district-scale project with
excellent exploration potential which includes the Whistler Deposit (a
2.25 M oz gold-equivalent indicated resource of 79.2 million tonnes
averaging 0.51 g/t gold, 1.97 g/t silver and 0.17% copper and a 3.35 M
oz. gold equivalent inferred resource of 145.8 million tonnes averaging
0.40 g/t gold, 1.75 g/t silver and 0.15% copper). 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.Â
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SOURCE Kiska Metals Corporation
