DESCRIPTION: Kiska Metals Corp. is a mineral exploration company with renowned technical expertise and a sizable exploration portfolio, including the multimillion-ounce Whistler gold deposit in Alaska, numerous exciting early stage exploration opportunities around the world and partnerships with some of the world's largest and most successful gold and base metal producers. Whistler, which covers ~527 sq. km. within the same geological belt as the world-class Pebble copper/gold porphyry deposit, is one of the largest contiguous claim blocks controlled by a junior in Alaska. The central Whistler Zone is the most advanced prospect within the project area and has an NI 43-101 Indicated and Inferred resource of 1.31 and 4.44 Moz. gold equivalent, respectively.
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"Kiska is one I really like; it's the old Rimfire management. Rimfire was one of my favorite junior companies over the last two years, and they took over Geoinfomatics. As for their Whistler property, what they've essentially done in the last six to nine months—it hasn't been very sexy—but they've essentially done an induced polarization survey to look at Whistler's geology. That's going to allow them to really expand the resource at a rapid rate once they start drilling again. We've seen consolidation on this stock in the $0.70–mid-$0.80 range. I think that this patient approach is going to lead to higher prices going forward. The nice thing about them too is that they have optioned properties to other companies, so you're going to see a lot of potential in spinning off these other properties. I really like Kiska here."
View Entire Article: David Skarica: Economic "Water Torture" Coming to U.S.
Dale Mah, Mackie Research
(08/18/10)
"Kiska Metals is focused on the Whistler Cu/Au porphyry deposit in Alaska. . .four new porphyries have been discovered: Island Mountain, Rainmaker, Raintree West and Raintree East. KSK reported two zones of mineralization from the Island Mountain discovery on July 7, 2010. Drill hole IM10-004 hit an upper zone of 0.70 g/t Au, 2.5 g/t Ag and 0.16% Cu over 129.8m starting at 31.2m depth. A lower zone in the same hole intersected 0.78 g/t Au over 151.6m at a depth of 231.5m. Island Mountain has size potential as it is located within a 4.5 km by 3.0 km area of anomalous Au/Cu soil geochemistry. Potential exists for further discoveries based on numerous geophysical targets peripheral to Whistler. KSK recently completed a 'trigger' exploration program with Rio Tinto and a decision is expected sometime between September and November 2010. If Rio Tinto elects to 'back in,' it must repay 200% of KSK expenditures (estimated to be US$32M) and fund a prefeasibility study to earn 51%. If Rio Tinto declines, it retains a 2% NSR over the core Whistler area, which does not include the Island Mountain discovery."
Adrian Day, Adrian Day's Global Analyst
(08/08/10)
"Kiska expects that over $10M will be spent exploring the [Whistler] property over the next 18–24 months. The property deserves that kind of commitment, but the main decision is how much will be spent by Kiska and how much by a hoped-for partner. Already, Whistler has proven far more expensive than originally anticipated.
There is no question that the entire Whistler project deserves more exploration and we could well see one or more mines there eventually. The property is already attracting attention, though, of course, Kiska is not in a position to negotiate much until Kennecott has made its decision on whether to stay in. The property is in a good location, there are some good grades at Whistler and multiple targets that have not yet received much attention. Kiska is clearly undervalued just on Whistler. But, in my view, it can't afford to carry the project must longer."
Peter Kennedy, Stockhouse (07/20/10)
"Investors can expect to see a flurry of reports on Kiska Metals Corp., as the junior gears up for some key developments that will influence the pace of exploration at its flagship Whistler copper-gold project in Alaska. . .Last week, the company was focusing on a cluster of targets, all of which lie within 25 km. of Whistler, the project's only defined deposit so far. Essentially, Kiska is exploring the same geological belt as the giant Pebble copper-gold discovery. . .an estimated M&I resource of 5.94 billion tons (Bt), containing 55 billion lbs. copper, 66.9 Moz. gold and 3.3 billion lbs. molybdenum. A further 4.84 Bt is listed in the inferred category, containing 25.6 billion lbs. copper, 40.4 Moz. gold and 2.3 billion lbs. molybdenum. By comparison, Whistler has an indicated resource of 30 million tons (Mt), grading 0.87 gpt gold, 2.46 gpt silver and 0.24% copper, as well as an inferred resource of 134 Mt, grading 0.64 gpt gold, 2.18 gpt silver and 0.20% copper). That amounts to an estimated 5.75 Moz. gold equivalent."
The Gold Report interview with Bob Moriarty (07/02/10)
"Kiska. . .has some potential for being one of those companies to get it exactly right. Kiska has a big district in Alaska that probably has the potential of a Northern Dynasty. I'm going to go see them in mid-July. Kiska is very cheap, and management appears to be very good. Kennecott Exploration. . .has back-in rights to the Island Mountain Discovery in Kiska's Whistler Project. If Kennecott exercises these rights, it would be financially very lucrative for Kiska. . .It's going to be a very big, high-grade project."
View Entire Article: Bob Moriarty: Due for End-of-Empire Do-Over?
Listen to Kiska's Jason Weber on "A Few Minutes with the CEO" (5/20/10)
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