Jan 06, 2012
Vancouver, BC – January 6, 2012: Kiska Metals Corporation (“Kiska" or "the Company”) reports that partner Brixton Metals Corporation has forwarded the Company its final results from the 2011 drilling program at the Thorn Property in northwestern British Columbia. Highlights of the 2011 program include hole THN11-60 at the Oban Breccia Zone which returned 95.08 metres of 628.3 g/t silver, 1.71 g/t gold, 0.12% copper, 3.31% lead and 2.39% zinc including 9.25 metres averaging 2,984.4 g/t silver, 3.04 g/t gold, 0.53% copper, 11.60% lead and 3.42% zinc. The 2011 program, consisting of 21 holes (5,682 metres) which tested multiple targets over a 1,900 by 1,750 metre area, was funded and operated by Brixton Metals under an option agreement whereby Brixton can earn a 51% interest in the Thorn Property by making cash and share payments and by funding $5 million in exploration by December 31, 2014. Brixton can elect to earn up to 65% by funding an additional $10 million in exploration.
“We are very pleased with Brixton’s results from the Oban Breccia drilling. Previous drilling had outlined near surface silver-gold-copper-lead-zinc breccia-hosted mineralization that is open to the east where the breccia disappears under glacial till cover. This new result proves the Oban Breccia’s ability to host high grade silver-gold-copper-lead-mineralization and while the controls on this mineralization are not yet understood, there is room to expand upon this result to the east,” stated Jason Weber, President and CEO of Kiska Metals Corporation. “Brixton, through their contractor, Equity Exploration Consultants Ltd., conducted a very good field program and we look forward to their 2012 program to follow up this result and to continue the search for additional high grade zones associated with the Oban Breccia and other prospects on the property.”
Oban Breccia Zone
Three holes tested the Oban Breccia Zone, where previous work outlined gold-silver-copper-lead-zinc mineralization hosted in a breccia measuring at least 300 metres in diameter but remaining open to the east and under glacial till. Drilling in 2003 and 2004 returned results including 77.8 metres averaging 110.1 g/t silver and 0.68 g/t gold in THN03-22. Hole THN11-60 was collared 20 metres northeast of THN03-19 (38.6 metres of 103.2 g/t silver and 1.22 g/t gold including 14.0 metres of 190 g/t silver and 1.97 g/t gold) and was drilled at an azimuth of 220 degrees with a dip of -65 degrees to a total depth of 243 metres. Starting at a depth of 6 metres, THN11-60 intersected 95.08 metres of 628 g/t silver, 1.71 g/t gold, 0.12% copper, 3.31% lead and 2.39% zinc. The high grade silver-lead-zinc interval of 9.25 metres averaging 2,984 g/t silver, 3.04 g/t gold, 0.53% copper, 11.60% lead and 3.42% zinc starts 55.40 metres down the hole. Mineralization is comprised of pyrite, galena, sphalerite, sulphosalts and chalcopyrite hosted in a hydrothermal breccia matrix.
THN11-57 is a vertical hole collared on the same section, approximately 50 metres southwest of THN11-60. This hole intersected 103.91 metres of 66.84 g/t silver, 0.26 g/t gold 0.22% lead and 0.27% zinc in breccia-hosted mineralization from 73.39 metres depth and an additional 37.72 metres of 60.76 g/t silver, 2.08 g/t gold, 0.46% copper, 0.25% lead and 0.55% zinc from 186.48 metres depth. This intercept included 7.8 metres of 197.03 g/t silver, 6.13 g/t gold, 1.38% copper, 0.49% lead and 0.38% zinc. A plan map and cross section for Oban can be found at http://www.kiskametals.com/s/ThornMaps_Photos.asp.
Oban Breccia Zone – Significant Intersections
Nine holes tested the Talisker Zone and its intersection with a geological unconformity at its northeastern extent. Drilling has now intersected gold-silver-copper bearing quartz-sulphide vein mineralization over a 700 metre strike length. This mineralization was first identified in 2004 and 2005 drilling and includes 56.1 metres averaging 1.27 g/t gold, 16.7 g/t silver and 0.19% copper in THN04-29 and 4.2 metres averaging 4.44 g/t gold, 407.9 g/t silver and 2.95% copper within a larger interval of 43.93 metres averaging 0.76 g/t gold, 48.9 g/t silver and 0.36% copper in THN05-37, 100 metres along strike from THN04-29.
Highlights from the 2011 program include drill hole THN11-51 which returned 49.78 metres of 1.41 g/t gold, 19.0 g/t silver and 0.25% copper from a 25 metre step-out from THN04-29 to test the downdip extension of mineralization intersected in 2004. Hole THN11-56 was collared approximately 400 metres northwest of THN05-37, at an azimuth of 145 degrees with a dip of -70 degrees. This hole intersected 19.78 metres averaging 1.02 g/t gold, 35.50 g/t silver, and 0.30% copper, including 0.90 meters of 12.35 g/t gold, 130 g/t silver and 0.49% copper. The hole tested the northeast extension of the Talisker Zone and the potential for lateral expansion of the Talisker mineralization where its controlling structures intersect a geological unconformity. As this hole intersected significant precious and base metal mineralization at the unconformity, potential for further mineralization of this style exists along its lateral extents. A plan map for Talisker can be found at http://www.kiskametals.com/s/ThornMaps_Photos.asp.
Talisker Zone – Significant Intersections
Camp Creek Corridor Targets
Nine holes tested targets over a 900 metre trend in the Camp Creek Corridor. Highlights of this drilling include the Feeder Zone target which returned 1.2 metres averaging 0.73 g/t gold, 189.0 g/t silver and 3.13% copper from 52.75 metres depth in hole THN11-44. THN11-45, drilled from the same setup, but steepened from -50 degrees to -75 degrees, returned 0.74 metres of 1.22 g/t gold, 384.0 g/t silver and 4.14% copper from a depth of 43.37 metres. Both holes intersected multiple narrow high grade silver and copper-bearing intersections in addition to the quoted intervals.
Camp Creek Corridor Targets – Significant Intersections
Qualified Person Statement
The content of this release has been reviewed by Jason Weber, P.Geo., President and CEO of Kiska Metals Corporation. Mr. Weber is a Qualified Person under the terms of National Instrument 43-101. Core samples were prepared and analyzed for multiple elements by ALS Laboratory Group of Whitehorse, Yukon Territory.
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, P.Geo., President & CEO