Brixton Completes 2012 Phase I Drilling at Kiska's Thorn Property
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/19/12 -- Kiska Metals Corporation (TSX VENTURE: KSK) ("Kiska" or the "Company") reports that Brixton Metals Corporation ("Brixton") has completed its 2012 Phase I drilling program at Kiska's Thorn Property. Brixton is earning a 51% interest in the Thorn Property from Kiska by making cash and share payments, and exploration expenditures totaling $5 million. The Thorn Property is located 130 kilometres south of Atlin, British Columbia.
In 2012, Brixton completed a total of 13 core holes at the Oban Breccia Zone ranging in depth from 30 to 153 metres totaling 1,151 metres.
The objective of Brixton's 2012 exploration program is to follow up high grade mineralization identified at the Oban Breccia in hole THN11-60 (95.08 metres of 1.71 g/t gold, 628 g/t silver, 3.31% lead and 2.39% zinc, 0.12% copper) and to better define the geometry, geological controls and the extent of high grade breccia-related mineralization.
Brixton reports that all 13 holes intersected the Oban Breccia with sulphide and sulphosalt mineralization within the breccia matrix. Kiska has not yet viewed the drill core or verified this information. Analytical results are expected in the coming weeks. A plan map with the location of the 2012 drill holes and previous Oban Breccia drilling can be found at http://www.kiskametals.com/i/maps/Thorn/July2012-TDGMap.jpg.
Qualified Person Statement
The content of this release has been reviewed by Mr. Mark Baknes, M.Sc., P. Geo., VP Exploration of Kiska Metals. Mr. Baknes is a Qualified Person as defined under the terms of National Instrument 43-101.
About Kiska Metals Corporation
Kiska Metals Corporation is a mineral exploration company focused on advancing the Whistler property, Alaska, a district-scale project with excellent exploration potential which includes the Whistler Deposit (a 2.25 M oz gold-equivalent indicated resource of 79.2 million tonnes averaging 0.51 g/t gold, 1.97 g/t silver and 0.17% copper and a 3.35 M oz. gold equivalent inferred resource of 145.8 million tonnes averaging 0.40 g/t gold, 1.75 g/t silver and 0.15% copper). Kiska has renowned technical expertise and a quality exploration portfolio with numerous early stage exploration opportunities around the world, some held in partnership with a selection of the world's largest and most successful gold and base metal producers.
On behalf of Kiska Metals Corporation
Jason Weber, P.Geo., President & CEO
CAUTIONARY STATEMENT: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Kiska Metals Corporation, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Kiska's expectations are the risks detailed herein and from time to time in the filings made by Kiska Metals Corporation with securities regulators. Those filings can be found on the Internet at http://www.sedar.com and http://www.sec.gov.
Contacts:
Kiska Metals Corporation
Dustin Henderson
Investor Relations
604.669.6660
604.669.0898 (FAX)
Kiska Metals Corporation
Jason Weber
President & CEO
604.669.6660
604.669.0898 (FAX)
www.kiskametals.com