KSK: Deals?

RON HERA, Hera Research (04/26/2010)
"Kiska Metals Corp. is a primary exploration company currently focused on the multimillion oz. Whistler, Alaska, gold deposit. . .The company's strategy is to consolidate its projects in Australia, Mexico, Alaska and BC, and to either option or sell the properties or develop joint ventures. . .management has been involved in 10 project transactions totaling over $25 million CAD.

The central Whistler zone, which encompasses approximately 527 km2 within a geological belt that hosts the Pebble copper-gold porphyry deposit, has a NI 43-101 compliant resource of 1.31 million oz. gold indicated and 4.44 million oz. gold inferred. 65% of the ore value is in gold with the remainder in copper.

The next major event will be to complete the current Whistler drill project and present the results to Rio Tinto subsidiary Kennecott Minerals Company, which will decide if they will exercise their one-time back-in right on the Whistler project. Once the upcoming drill reports are submitted, Kennecott will have 90 days to make a decision. The company also expects to commence drilling at its Australian copper-gold Barmedman property. The exploration activity, funded by Inmet Mining Corp., will consist of approximately 900 m of aircore/diamond drilling in three holes."

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