Kodiak Begins National Instrument 43-101 Compliant Resource Estimation at MPD Copper-Gold Project
January 16, 2025 – Vancouver, British Columbia – Kodiak Copper Corp. (the “Company” or “Kodiak”) (TSX-V: KDK, OTCQB: KDKCF, Frankfurt: 5DD1) today reports that it has commenced work on National Instrument 43-101 compliant resource estimation for its 100% owned MPD copper-gold porphyry project in Southern British Columbia. The resource estimation will include multiple mineralized zones at the MPD project and results will be delivered as completed throughout the year, with initial results anticipated in the first half of the year.
Highlights
- Seven zones are currently being considered for the resource estimate: 1) Gate/Prime, 2) Man, 3) Dillard, 4) Ketchan, 5) West, 6) Adit, and 7) South/Mid.
- Several mineralized zones are not expected to require further drilling for resource estimation, while others are slated for confirmation and infill drilling this year.
- It is anticipated that the resource work will proceed alongside ongoing exploration and the advancement of targets across the MPD property, including on the newly acquired Aspen Grove claims.
- Detailed planning for the 2025 work program is underway and will be released once finalized.
Claudia Tornquist, President and CEO of Kodiak said, “With successive drill campaigns Kodiak has now successfully outlined multiple mineralized zones across the large MPD property. Importantly, our work to date has identified several zones with significant higher-grade mineralization, including some right from surface. We are confident that we now have the scale to complete a resource estimate that will reflect MPD’s potential. This work will take place in parallel with our ongoing exploration work as we continue to unlock the exploration upside of the MPD property. It is important to keep in mind that most known mineralized zones are still open in several directions and in addition we have multiple promising and yet to be drilled targets across the whole property.”
Kodiak has engaged James Gray of Advantage Geoservices Ltd., to perform the resource estimation for MPD. James Gray is an international mining consultant with extensive experience in geologic modeling and resource estimation projects across a wide range of deposit types and metals, including porphyry copper in British Columbia. He is an independent Qualified Person as defined by National Instrument 43-101.
Figure 1: Map of Potential Resource Zones and Targets – MPD Project, Southern BC
On behalf of the Board of Directors
Kodiak Copper Corp.
Claudia Tornquist
President & CEO
For further information contact:
Nancy Curry, VP Corporate Development
ncurry@kodiakcoppercorp.com
+1 (604) 646-8362
About Kodiak Copper Corp.
Kodiak is focused on its 100% owned copper porphyry projects in Canada and the USA that have been historically drilled and present known mineral discoveries with the potential to hold large-scale deposits. The Company’s most advanced asset is the MPD copper-gold porphyry project in the prolific Quesnel Terrane in south-central British Columbia, Canada, a mining district with producing mines and excellent infrastructure. MPD has all the hallmarks of a major, multi-centered porphyry district with the potential to become a world-class mine. Work to date has outlined multiple substantial mineralized zones across the property, including the large, high-grade Gate Zone and higher-grade mineralization from surface at the West and Adit Zones. With known mineralized zones open to expansion and more target areas yet to be tested, Kodiak continues to systematically explore the project and build critical mass. The Company also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the world-class Bagdad mine.
Kodiak’s founder and Chairman is Chris Taylor who is well-known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery Group led by John Robins, one of the most successful mining entrepreneurs in Canada.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Company’s exploration plans. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.
Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
