14,716 hectare (147 km2) land package in South-Central British Columbia, Canada; 100% owned
Porphyry project consolidated from four properties (Man, Prime, Dillard, Axe); never explored as single project with modern methods
In a known, productive copper-gold porphyry belt; nearby mines with similar host rocks (Highland Valley, Copper Mountain, Mt. Milligan, New Afton)
Adjacent to highway with year-round access by service roads
Historic drilling: 393 drill holes (50,357 m) completed since the 60's by previous operators. Copper and gold drill-confirmed across a large area. Mineralization from surface, historic drill holes rarely tested below 200m vertical depth
Discovery of Gate Zone in Kodiak’s 2019 maiden drill program
In 2020: transformative discovery of high-grade copper-gold zone within wider mineralized envelope of significant size at the Gate Zone, highest grades in 50-year history of property
Best intercept of 535m of 0.49% copper and 0.29 g/t gold (0.76% CuEq**), including 282 m of 0.70% copper and 0.49 g/t gold (1.16% CuEq**), including 45.7 m of 1.41% copper and 1.46 g/t gold (2.75% CuEq**)
Mineralization traced to date to 800m depth, across a width of 350m (east-west) and over 800m in length (north-south)
Up to 30,000 metres of drilling planned in 2021, will further test over 1000 metre long copper-in-soil soil anomaly at the Gate Zone, which is central to a larger regional magnetic low with 3 kilometres of strike length Analogous target areas at Dillard and Dillard East zones with strong potential for similar mineralization
Best practice heritage and environemental programs in place
Active engagement with, and support from, local First Nations
The MPD Project is located in the Quesnel Trough, British Columbia’s primary copper-producing belt that hosts Teck Resource’s world-class Highland Valley Mine, Imperial Metals’ Mount Polley Mine, and Centerra Gold’s Mount Milligan Mine (see Table 1). The MPD project’s Nicola Belt geology has many similar characteristics to the neighbouring alkalic porphyry systems at the Copper Mountain Mine to the south and New Gold’s New Afton Mine to the north.
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.
Location Map MPD Property
MDP Claims/ Location
Geology and Copper Porphyry Zones, MPD Property Plan
Plan Map of the Gate Zone Showing all 2021 Drilling with Assay Results to Date. Background Data is Contoured Historic Copper-in Soil Data.
North-South Cross-Section 681400mE
Plan Map of the Gate Zone - All 2020 Drilling Results
Cross-Section 5515650mN (Southern Section)
Cross-Section 5515725mN (Northern Section)
Cross-Section 5515650mN (Southern Section), Simplified Geology and Core Photos
MPD-21-009 – Bornite-Dominated Copper Mineralization as Disseminations and in Late Quartz Veining.
MPD-21-006 – Strongly Mineralized Hydrothermal Breccia with Chalcopyrite-Pyrite.
MPD-20-005 Core: Strongly Altered Porphyry with Sulphide Veining Dominated by Chalcopyrite
MPD-20-005 Core: Strongly Mineralized Quartz Veining with Chalcopyrite
MPD-20-004 Core: Strongly Altered Porphyry with Semi-Massive Sulphide Veining Dominated by Chalcopyrite
MPD-20-004 Core: Strongly Mineralized Quartz Veining with Chalcopyrite
MPD Target Areas, 2020 ZTEM Survey - Total Magnetic Intensity (RTP) with Historic Cu Overlay
MPD Target Areas, 2020 ZTEM Survey - 3D View with 300 & 500 ohm-m Resistivity Isosurfaces
Setting of 1516 and Gate Zones, Total Magnetic Intensity
ZTEM Survey, MPD Property
MPD - Historic IP Chargeability Anomalies, Looking East
MDP Property - Prime 2019 Drill Holes, Cu In Soils Geochemistry
MPD Gate Zone Discovery Hole: MPD-19-03
Hole MPD 19-003 in Gate Zone and Cross-Sections of Historic Drilling
MPD - Axe Historic Composite Intervals
Cross-Sections of Historic Drilling in the Dillard Area
* Metal prices used to calculate Cu Equivalent (% CuEq) are: Au $1800/oz, Ag $19/oz & Cu $2.90/lb
** Metal prices used to calculate Cu Equivalent (% CuEq) are: Au $1500/oz, Ag $16/oz and Cu $2.60/lb. All values report in USD and do not consider metal recoveries Copper equivalent grades (%CuEq) are for comparative purposes only.
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