New Porphyry Systems at Whistler Project
VANCOUVER, BC - Kiska Metals Corporation reported results of the first five drill holes of the spring 2010 exploration program at the Whistler copper-gold project, Alaska. Highlights include the discovery of a new porphyry center at Raintree East and strong indications of four others in the Raintree and Spur areas. To date, 11 holes of this 15-hole program have been completed, testing geophysical targets over a 50 km2 area with widely-spaced reconnaissance diamond drill holes. Each of these holes intersected porphyry-related alteration including a hole at the Raintree East that intersected porphyry mineralization that returned a 90 metre interval assaying 0.42 g/t gold and 0.1% copper. The presence of porphyry-style alteration and gold-copper mineralization in the reported holes indicates the potential for new porphyry gold-copper deposits that will be targeted in future drill programs. Results of the remaining 6 holes are pending. "We are extremely pleased to have made additional porphyry discoveries at Whistler. This firmly supports our exploration concept that the Whistler Project is host to several individual gold-copper porphyry systems of which the Whistler resource is but one example," stated Jason Weber, President and CEO of Kiska Metals. "With the new Raintree East discovery, Kiska now has four porphyry centres (Raintree East, Raintree West, Rainmaker and Island Mountain) in addition to the Whistler resource. We are looking forward to our next drillholes and the followup to the 2009 discovery hole at Island Mountain which intersected 0.68 g/t gold over 382.9 metres, including the bottom 106.9 metres that averaged 1.22 g/t gold." The company's address is 1350-650 West Georgia Street, Vancouver, BC V6B 4N9, (604) 669-6660, fax: (604) 669-0898, email: [email protected].