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Dunnedin Bolsters Copper Porphyry Assets with Acquisition of 100% Interest in Mohave Copper-Molybdenum-Silver Project in Arizona
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2019) -  Dunnedin Ventures Inc. (...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"Dunnedin Bolsters Copper Porphyry Assets with Acquisition of 100% Interest in Mohave Copper-Molybdenum-Silver Project in ArizonaVancouver, British Columbia--(Newsfile Corp. - March 4, 2019) -  Dunnedin Ventures Inc. (TSXV: DVI) (the \"Company\" or \"Dunnedin\") today announced it has entered into a letter of intent to acquire 100% of the Mohave copper-molybdenum-silver porphyry project (\"Mohave\") in Yavapai County, Arizona, USA, from Bluestone Resources Inc. The Mohave acquisition represents a strong addition to Dunnedin's copper portfolio in North America which also includes Dunnedin's 100%-owned Trapper and MPD copper porphyry projects in British Columbia, Canada.Mohave has the potential to host a large-scale copper porphyry deposit with silver and molybdenum credits. Its geology is considered analogous to Freeport McMoran's (NYSE: FCX) Bagdad copper porphyry mine which is located approximately 33 km to the east of Mohave.\"Mohave enhances Dunnedin's copper portfolio with a US-based asset located in a prolific copper mining district,\" said Claudia Tornquist, President of Dunnedin. \"Investor sentiment in the United States favours domestic resource production, thus developing a copper project at Mohave is anticipated to have strong appeal. Mohave is an underexplored property with nearby producing mines and excellent infrastructure. Previous drilling has confirmed porphyry style copper-molybdenum-silver mineralization. Significant copper-in-soil targets have been historically defined and remain untested. With three copper assets in British Columbia and Arizona, Dunnedin will now be able to drill year-round. Our first drill program will be at our MPD Project in Southern British Columbia in early 2019 and we are starting preparatory work immediately for a drill program at Mohave later in in the year.\"Mohave Project HighlightsCopper porphyry project located in the prolific mineral producing Basin and Range Province of Arizona10.4 km2 land package, road-accessible and adjacent to Highway 93 which links Las Vegas and PhoenixGeologically and structurally analogous to the Bagdad mine and typified by structures associated with the Lariamide extensional event, like those preferentially mineralized at BagdadMagnetics define a sizable ring or donut-type feature characteristic of copper porphyry depositsExtensive rock and soil...