March 2, 2022 – Vancouver, British Columbia – Kodiak Copper Corp. (the "Company" or “Kodiak”) (TSX-V: KDK, OTCQB: KDKCF, Frankfurt: 5DD1) announces that drilling is to commence within the next week at the Company’s 100% owned MPD copper-gold porphyry project in southern British Columbia.
- Plans for 2022 include a large drill program with up to 25,000 metres of drilling in several target areas, as well as further geophysical and geochemical surveying, prospecting and geotechnical studies
- Drilling will commence at the Gate Zone high-grade discovery, where systematic exploration has intersected porphyry mineralization over 950 metres in length, down to a depth of 850 metres and across a width of 350 metres to date
- The Gate Zone remains open in multiple directions and a recently conducted 3D Induced Polarization (3D IP) geophysical survey has identified high-priority drill targets for potential extensions of mineralization (Figure 1)
- A one kilometre long “look-alike” anomaly 600 metres to the southeast of the Gate Zone represents a new target of significant size that was identified in the 3D IP survey and will also be drilled (Figure 1)
- Other high-priority targets slated for drilling include Prime, Man, Dillard and Axe which exhibit similar regional geophysical and geochemical anomalies as the Gate Zone as well as shallow mineralization from historic drilling, and have rarely been drill tested at depth (Figure 2)
- Kodiak also expects further results from its 2021 drill program in the near future and in Q2 2022, for 12 holes remaining from 36 drilled (21,675 metres)
Claudia Tornquist, President and CEO of Kodiak said, “2022 promises to be another exciting year as we are embarking on a large drill program. It is important to keep in mind that we are still in the early stages of unlocking the potential of what appears a large, multi-center porphyry system at MPD. Not only is there significant potential to further extend the Gate Zone but it will be very exciting to apply the successful approach from Gate to multiple other high-priority drill targets on the property as we are aiming to make further high-grade discoveries at MPD.”
Figure 1: Conductivity drape from 3D IP survey at 300 m below surface at Gate Zone. Image shows potential to extend Gate east and southwest to depth, a conductive/structural link between Gate and Prime; and a 1 km long parallel geophysical analogue to Gate situated 600 m to the southeast.
MPD is a large, consolidated land package (14,716 hectares) located near several operating mines in the southern Quesnel Terrane, British Columbia's primary copper-gold producing belt. The project is located midway between the towns of Merritt and Princeton, with year-round accessibility and excellent infrastructure nearby. The Company has a multi-year, area-based exploration permit that authorizes new drill sites and expanded exploration activity across the MPD property to 2026.
Jeff Ward, P.Geo, Vice President Exploration and the Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this release. Kodiak believes historic results referenced herein to be from reliable sources using industry standards at the time. However, the Company has not independently verified, or cannot guarantee, the accuracy of this historic information.
On behalf of the Board of Directors
Kodiak Copper Corp.
President & CEO
For further information contact:
Nancy Curry, VP Corporate Development