Dec 02, 2014
Vancouver, BC -- December 2, 2014: Kiska Metals Corporation ("Kiska" or the "Company") reports results from a drill program concluded on the Copper Joe property this fall. Copper Joe is a copper-gold-molybdenum porphyry prospect located in the Alaska Range 175 kilometers northwest of Anchorage. The fall program totalled 885 metres in 2 holes, spaced at 740 metres and targeting coincident geological, geochemical and geophysical anomalies. The drilling did not return any significant assay results, but confirmed the presence of a strong porphyry-hydrothermal system. The drill program was funded by First Quantum Minerals Ltd ("First Quantum") under a Letter Agreement announced on August 27, 2014.
Kiska and First Quantum are currently undertaking an alteration and mineral chemistry study of rocks from surface and drill core to further evaluate the property and potentially identify vectors towards the core of the porphyry system.
Hole CJ14-01 targeted a zone of magnetite breccia and banded quartz-magnetite veins mapped at surface. This hole intersected two separate zones, approximately 80 to 100 metres wide (true width unknown) of heterolithic, magnetite flooded breccia cross-cutting a porphyritic quartz monzonite. The quartz monzonite is moderately to strongly sericite-pyrite altered, and contains local magnetite and k-feldspar alteration with trace chalcopyrite mineralization. The hole ended at 450 metres in rock-flour breccias with sericite-pyrite alteration and patchy magnetite alteration.
Drill hole CJ14-02 targeted a large conductivity anomaly coincident with anomalous copper-in-soil geochemistry. This hole intercepted moderately to strongly chlorite-epidote altered quartz monzonite breccia intruded by weakly altered biotite-feldspar porphyry. Numerous intervals of anomalous copper, molybdenum, zinc and silver occur throughout the hole; the best of which are hosted in strongly chlorite-epidote altered quartz monzonite and magnetite altered breccia containing fragments of biotite altered porphyry with disseminated chalcopyrite. This hole ended at 435 metres within a late-mineral, biotite-feldspar porphyry which contained sparse copper mineralization in narrow hematite-pyrite-chalcopyrite veins.
Analytical Methods and QAQC
Drill samples were assayed by ALS Minerals in Vancouver, Canada, for gold by Fire Assay of a 30 gram charge with an AA finish and for 33 elements using a four acid digestion and ICP-AES. QAQC procedures included the insertion of sample blanks, standards, and sample duplicates at random intervals in the sample stream at an approximate rate of one QAQC sample for every five regular samples.
The technical content of this document was reviewed and approved by Michael Roberts, Ph.D., P.Geo., Vice President of Exploration for Kiska Metals Corporation, a Qualified Person as defined by National Instrument 43-101.
About Kiska Metals Corporation
Kiska Metals Corporation is a prospect generator company with a diverse portfolio of gold and copper projects throughout North America and Australia. One of the more advanced assets is the Whistler property, Alaska, a district-scale gold-copper porphyry project that contains a large NI 43-101 gold/copper resource and has excellent exploration potential. Kiska has numerous gold and copper projects available for option-joint venture as well as an extensive royalty portfolio.
On behalf of Kiska Metals Corporation
Grant Ewing, President and CEO
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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.