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Kodiak Adds Second Drill Rig at MPD Copper-Gold Porphyry Project in Southern British Columbia
Vancouver, British Columbia--(Newsfile Corp. - June 29, 2023) - Kodiak Copper Corp. (TSXV: KDK) (...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"Kodiak Adds Second Drill Rig at MPD Copper-Gold Porphyry Project in Southern British ColumbiaVancouver, British Columbia--(Newsfile Corp. - June 29, 2023) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the \"Company\" or \"Kodiak\") today announced that a second drill rig has begun drilling at Kodiak's 100% owned MPD copper-gold porphyry project in Southern British Columbia. The Company is executing a fully funded drill program of up to 25,000 metres in 2023, focused predominantly on new porphyry targets that have not previously been drilled by Kodiak.Kodiak recently disclosed that a 3D Induced Polarisation geophysical survey had identified a new drill target from surface to a depth of 600 metres extending below shallow historic copper and gold mineralization of the Man Zone in the northern part of the MPD property (see News Release February 28th, 2023). The second drill rig is now testing this target.Drilling also continues at the West Zone target in the MPD South (formerly Axe) area where Kodiak recently announced that new drill holes have intersected porphyry mineralization and sulphides (see News Release June 13th, 2023).Claudia Tornquist, President and CEO of Kodiak said, \"Our 2023 drill program replicates the approach that led to our Gate Zone discovery on a suite of compelling new targets, with the aim to discover further high-grade porphyry centres and demonstrate the district-scale potential of the MPD project. We are encouraged by our progress to date and have now added a second drill rig to accelerate the program and test several targets in parallel. I am looking forward to the first batch of drill results from this year's drill program which we expect in July.\" MPD is a large, 226 square kilometre land package located near several operating mines in the southern Quesnel Terrane, British Columbia's primary copper-gold producing belt. The project is located between the towns of Merritt and Princeton, with year-round accessibility and excellent infrastructure nearby.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 ...