KSK: Whistler Property Remains Highly Prospective

BRIAN MOK, Union Securities (01/13/2011)
"Kiska reported an indicated resource of 2.25 Moz. Au Eq. and an inferred resource of 3.35 Moz. Au Eq. for a total of 5.6 Moz. Au Eq. . .Kiska anticipates that it will begin its exploration program on the property in early March and is currently mobilizing equipment to site via an ice road. The company will focus on its four early stage porphyry discoveries (Island Mountain, Raintree West, Raintree East and Rainmaker) and drill test the most-prospective grassroots targets on the property. Drilling will begin on the Raintree West target and grassroots targets within the Whistler Orbit in early spring. Drilling on the Island Mountain target (with two drills) is expected to begin in June, when weather conditions in the region improve.

The Whistler Property remains highly prospective: We are maintaining our $2.30 target price and Speculative Buy rating for Kiska. . .we continue to believe the Whistler property has significant potential for additional resources from these other targets over the next 12–24 months."

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