hd acquired the 49% portion of kiska share of the tide property this morning.. lets see if it all goes into the brigade vehicle... It is a natural fit and there was $3.5 million for property acquisition in the brigade presentation.. scooter may get brigade shares if they choose or brigade chooses to acquire teutons interest in tennyson...
Kiska Adds $1.5 Million to Treasury Through Non-Core Asset Sale  Press Release: Kiska Metals Corporation – 22 minutes ago
VANCOUVER, BRITISH COLUMBIA--(Marketwire -07/18/12)- Kiska Metals Corporation ( KSK.V) ("Kiska" or the "Company") is pleased to report that the Company has sold its 49% interest in the Tide project to 0945473 B.C. Ltd., a Hunter Dickinson Inc. (HDI) company, for a purchase price of CDN$1,500,000 in cash.
The sale of the Company's minority interest in the Tide project is part of the Company's ongoing strategy of maximizing the Company's capital and resources to its core mineral projects, most notably the flagship Whistler project. The Tide project is considered a non-core asset and the proceeds from the sale will be used to substantially fund the 2012 exploration program at Whistler.
The road accessible Tide Property is situated 36 km north of the port of Stewart, BC, within the Stewart-Sulphurets corridor. Kiska acquired the project in 2004. Since that time, partners have incurred exploration expenditures totaling approximately $1.5 million targeting both high and low grade gold as well as copper-gold porphyry style mineralization.
"Kiska's management team continually assesses our property portfolio to deploy capital and resources where we feel we can create the most value. Our significant portfolio of mineral projects made our minority interest in the Tide project expendable, providing funding for a good portion of our 2012 exploration program at Whistler," stated Jason Weber, President and CEO of Kiska Metals.
Full details regarding the Whistler exploration program will be announced shortly as the program commences in late July.
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 |
