The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
KSK: Drilling Confirms Potential at Raintree and Spur
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CHRIS THOMPSON, Haywood Securities
(05/25/2010)
"Kiska Metals announced results of the first 5 drill holes of the spring 2010 exploration program at the Whistler copper¬-gold project in Alaska. To date, 11 holes of a 15-hole program have been completed. Porphyry-related alteration intersected in the Raintree Area (two targets displaying porphyry alteration) and the Spur Area (two targets displaying porphyry alteration), plus confirmed porphyry-style mineralization at Raintree East (hole WH10¬008: 0.42 g/t Au, 1.3 g/t Ag, and 0.1% Cu over 90 meters beginning at a depth of 150 meters) confirm the prospectivity of the Whistler project for the discovery of porphyry mineralization additional to that hosted by the Whistler Zone resource. . . .Results from the Raintree and Spur Areas support potential for additional porphyry deposits to complement that offered by the Whistler Zone gold-copper resource. The Whistler project presents significant exploration upside (multiple targets yet to be fully tested) that has been moved relatively quickly to an advanced exploration level of development (5.75 Moz AuEq). The resource estimate for the Whistler Zone is conservative and presents growth upside through exploration potential and/or re-estimation using a pit slope greater than 35°. This potential is supported by a high-grade core (75 Mt grading 1.1 g/t gold plus 0.25% copper). Kiska has an estimated $6M in cash, which is sufficient to complete work to trigger a Kennecott back-in decision. Additional funds will be required to advance the Whistler project and other projects in the company's property portfolio." |
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