Kiska Metals surges 19% on Thorn results
Kiska Metals Corporations shares were up almost 19% (at 12:15 ET) Tuesday as the company announced updated results for its Thorn Property in northwestern British Columbia, sent by partner Brixton Metals.
Highlights of the program include:
- THN12-65 intersected 12.90 metres of 512.66 g/t silver, 1.72 g/t gold, 4.24% lead and 1.54% zinc from surface within a broader interval of 83.90 metres of 161.47 g/t silver, 1.02 g/t gold, 1.29% lead and 1.48% zinc.
- THN12-63 intersected 13.00 metres of 402.15 g/t silver, 1.63 g/t gold, 2.89% lead and 3.31% zinc from surface within a broader interval of 80.52 metres of 140.16 g/t silver, 0.94 g/t gold, 1.08% lead and 1.49% zinc.
- THN12-72 intersected 53.00 metres of 126.54 g/t silver, 1.57 g/t gold, 0.37% lead and 1.09% zinc within a broader interval of 104.85 metres of 88.01 g/t silver, 1.10 g/t gold, 0.24% lead and 0.63% zinc.
The 2012 program focused on the gold-silver-copper-lead-zinc Oban Breccia Zone to follow up 2011 drilling where THN11-60 intersected 95.08 metres of 628.3 g/t silver, 1.71 g/t gold, 0.12% copper, 3.31% lead and 2.39% zinc including 9.25 metres averaging 2,984.4 g/t silver, 3.04 g/t gold, 0.53% copper, 11.60% lead and 3.42% zinc. A total of 1,151 metres were drilled in 13 NQ core holes. The depth of the holes ranged from 30 metres to 153 metres. Consistent with previous drilling, mineralization is comprised of pyrite, galena, sphalerite, sulphosalts and chalcopyrite hosted in a hydrothermal breccia matrix. The breccia that hosts Oban mineralization is thought to be at least 300 metres in diameter with its eastern extent buried under glacial till.
The 189 square kilometre Thorn Property is located 120 kilometres northwest of Telegraph Creek, BC. High sulphidation epithermal vein-hosted high-grade copper-gold-silver mineralization and breccia-hosted high-grade silver and gold mineralization in diorite porphyry intrusive rocks make up the dominant exploration targets on the property.