Alaska Gold Stocks Starting to Run

Over the past month, Alaskan gold stocks have really started to turn around and make a significant move to the upside. On thing that I noticed is that they certainly fit into the fall theme of buying value as there are huge low grade deposits. Take a look at NDM and Kiska... huge deposits currently valued at fraction of a potential buyout price. Kiska hasn't gotten any love in a long time and I think that is about to change. This one is in the portfolio on stockhouse at .79... currently at $1.16 is looking to breakout once its past $1.20 to possibly $2. Before the financial crisis in 2008... Kiska was a $4 - $8 stock, but has languished as a penny as money stays on the sidelines. As the price of gold continues to grind higher over the coming years, these large low grade deposits become very attractive money makers. Once people realize that POG isn't coming done anytime soon, the long term viability of these deposits becomes increasingly favorable.

I really think Kiska is about to move in a big way. They have made some material discoveries this spring and summer that make Kiska look very attractive. At 5.75M oz's of gold.. only 76M market cap. Another cheap cheap stock. What makes Kiska a great buy is its cheap cheap cheap and they have had significant drill holes which will upgrade the resource grade at the Whistler project this year as well as making another potential massive discovery on Island Mountain 23 km's away that has a potential strike extent of 1.2km and a depth of greater than 800m. One hole drilled 386.9m grading .68 g/t gold, indicating they could potentially be on another massive deposit. They have also been successful in blind drilling porphyry's around the Whistler Zone that have similar signatures. So not only is KSK cheap for the oz's that they have in the ground, but the potential exploration upside to Kiska's Whistler project is truly limitless. With many large and intense anomalies remaining to be drilled that are similar to Whistler, KSK truly has not defined even a small portion of the extent of the mineralization on the property and may end up with something much larger than anyone expects.

I am certain the Whistler project will grow as KSK continues to be successful drilling this project. You can expect an updated resource for Whistler this fall and another 20,000 meters drilled next year to further define the 5.75M oz resource at whistler as well as test other geophysical signatures on the property that are similar to Whistler.

At $13.37 per oz insitu oz and the potential blue sky exploration that Kiska still represents having only tested a small portion of the property. It is certainly worth a shot at $1.

Here is a link to a September 2010 presentation..

http://www.kiskametals.com/i/pdf/CorporatePresentation_Sep2010.pdf