Projects

Quesnel Trough, BC

QUEST Airborne Geophysics Survey Click to enlarge

Property Status

Kiska acquired, through staking, a 100% interest in 7 properties covering 330 km2 within the Quesnel Terrane Alkalic Porphyry Belt. Kiska has an option to earn 100% in the Auddie property subject to a 1% Net Smelter Return.

Property Overview

Copper-Gold Porphyry Targets in British Columbia's Prolific Quesnel Terrane

Kiska Metals Corporation acquired in excess of 330 square kilometres of claims in the Quesnel Trough, central BC, home to the Mt Milligan and Lorraine deposits, and most recently, Serengeti's Kwanika discovery (328 metres of 0.6% copper and 0.7 g/t gold in drilling).

Kiska's claims lie within Geoscience British Columbia's (GBC) Quesnellia Exploration Strategy (Quest) study area, in central British Columbia. In 2007, GBC conducted $5.75 million in regional airborne magnetics, EM and gravity geophysical and ground geochemical surveys.

Opportunity

To participate in the exploration of new geophysical alkalic porphyry targets located within an area of British Columbia with excellent infrastructure and proximity to resource communities.

Highlights

Kiska targeted portions of the Quesnel Trough with high amplitude magnetic anomalies with signatures similar to those of the Kwanika and Mt. Milligan alkalic copper - gold porphyry deposits. Several of these targets lie in areas with significant glacial cover and represent new blind targets that Kiska believes will potentially benefit from the interpretation of new geoscience data through the Geoscience BC QUEST survey.

During 2007, Kiska conducted a detailed helicopter airborne magnetics survey over its' 7 target areas greatly improving the resolution of the magnetic high anomalies on each of the targets. During 2008, Kiska completed surface reconnaissance programs over all seven target areas. Alteration consistent with porphyry copper - gold mineralization systems was encountered on three targets including anomalous copper geochemistry in rocks on two of these targets and anomalous copper and gold geochemistry in soil samples from one target area. The remaining geophysical targets all occur beneath till or young basalt cover.

The 2009 program

• In 2009 Xstrata conducted exploration on all the Kiska optioned properties, which consists of 7 blocks, 34,570 Ha total. The program conducted an additional $200,000 worth of exploration. The main focus of the 2009 program was the collection and interpretation of 1824 MMI samples.

2009 Results

• MMI surveys produced robust Cu+\-Au anomalies on the Eye, Magnus NE, Hat, Axis and Mags properties
• As follow up, Xstrata intends to run a drill program in 2010 that will include testing positive results on Kiska ground.