Kahuna Diamond Project

Kodiak’s 100% owned, Kahuna Diamond Project in Nunavut, Canada:

  1. Hosts a high-grade, near surface inferred diamond resource of 4 million carats, in two kimberlite dikes at an average grade of 1 carat per tonne (cpt), with significant expansion potential (see Kahuna Resource Estimate).
  1. Hosts numerous kimberlite pipe targets, defined in collaboration with the compnay’s advisor and largest shareholder Dr. Chuck Fipke, who discovered Canada’s first diamond mine at Ekati, NWT.

Kodiak acquired the project in 2014 and has benefited from CAD $30 million of exploration work spent on the property by previous owners. Combining this data with Kodiak’s own sampling, trenching and drilling, the company is poised to make the next major kimberlite pipe discovery.

Kahuna Project Highlights

  • Advanced stage diamond exploration project in Nunavut, Canada
  • Large land holding, mineral tenure to 805 km2 and additional diamond rights covering an adjacent 928 km2
  • Located in close proximity (26 kilometers northeast) to Rankin Inlet, and adjacent to Agnico Eagle’s Meliadine mine
  • High-grade near-surface inferred diamond resource, remains open along strike and at depth
  • Exploration advised by diamond legend Dr. Chuck Fipke, discoverer of Ekati
  • Outstanding diamond indicator minerals in till sampling have generated multiple new exploration targets for diamondiferous kimberlite pipes
  • Initial drilling commenced in 2018, further drill targets to be tested in follow-up programs

Jeff Ward, P.Geo, and VP Exploration of the Company is a “Qualified Person” as defined under NI 43-101 has reviewed and approved the technical content of this web page.

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