Goodpaster, Alaska
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A New Gold District in North America
- Large, strategically located land position in an emerging gold district.
- Two areas of drilling in previous years returned high grade gold mineralization in narrow, vertical quartz veins, resembling "halo veins" associated with the ore bodies at Pogo.
- Strong partner with the vision and the access to capital to effectively advance the Goodpaster District properties.
- 2007 program included drilling of newly defined and existing gold targets on the properties.
Opportunity
Intrusive-related high grade gold vein targets are characterized by thick, high-grade gold-bearing quartz veins. These deposits show a characteristic metal signature of gold-bismuth-arsenic and an association with granitic intrusions. An example of this type of deposit is the Pogo gold deposit Teck/Sumitomo which has a published combined reserve and geological resource totaling 4.5 million contained ounces of gold. Kiska has no direct or indirect interest in the Pogo Deposit.Kiska selected claims in the vicinity of and adjacent to the Pogo property based on regional geological, geophysical and geochemical similarities to Pogo. Recent gold discoveries in the district and the commencement of gold production at Pogo led Kiska to expand its holdings in this emerging gold belt in late 2005.
Property Overview
Kiska Controls 740 sq kmKiska properties lie adjacent to and in the vicinity of the Pogo deposit, which is located 55 km (34 mi) northeast of Delta Junction in east-central Alaska. Teck/Sumitomo has built a road to the Pogo Mine site, which passes close to some of the company's properties, but access is currently available by helicopter from Delta Junction.
Kiska controls the largest land package in the immediate Pogo area, with 740 square kilometres (182,800 acres) of wholly-owned State mining claims.
Rubicon Minerals, through its acquisition of the Alaskan assets of Robert McEwen's Evanachan Limited, is funding US$4.8 million in exploration over six years to earn a 60% interest in Kiska's claim package. Evanachan's assets included its Option on Kiska's land package. Rubicon acquired the Evanachan assets for $22 million in shares, giving Robert McEwen a 33% interest in Rubicon. After earning a 60% interest, Rubicon can earn an additional 10% by completing a feasibility study.
Location and Access
Claims adjacent and on trend with Tech/Sumitomo's Pogo DepositThe Kiska properties lie adjacent to and in the vicinity of the Pogo deposit, which is located 55 km (34 mi) northeast of Delta Junction in east-central Alaska. Teck/Sumitomo has built a road to the Pogo Minesite, which passes close to some of Kiska's properties, but access is currently available by helicopter from Delta Junction.
