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 >
Kiska Discovers Four New Porphyries
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DALE MAH, Mackie Research
(08/18/2010)
"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." |
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