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Kodiak Announces Targets for Upcoming Drill Program at MPD Copper-Gold Porphyry Project in Southern BC
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2020) -  Kodiak Copper Corp. (TSX...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"Kodiak Announces Targets for Upcoming Drill Program at MPD Copper-Gold Porphyry Project in Southern BCVancouver, British Columbia--(Newsfile Corp. - June 17, 2020) -  Kodiak Copper Corp. (TSXV: KDK) (the \"Company\" or \"Kodiak\") today announced plans for a Phase II diamond drill program to commence later this month at its 100% owned MPD copper-gold porphyry project in southern B.C. (\"MPD\") to drill targets that were prioritized with the recently completed ZTEMTM geophysical survey. In addition, the Company will revisit historic gold trends on the property as part of its 2020 summer exploration program.Claudia Tornquist, President and CEO of Kodiak said, \"The recent strong copper price rally and a bullish gold market present a great backdrop for our upcoming Phase II drill program at MPD. Last fall, our successful maiden drill program and the discovery of the Gate Zone proved our exploration thesis that there is considerable discovery potential below the shallow historic work conducted on the property. Our first significant discovery of 102 metres of 0.53% copper and 0.16 g/t gold was made without the benefit of deep geophysics, and we were thrilled when the new ZTEM results showed that this high grade copper interval was located within a large resistivity anomaly that may indicate a substantial porphyry copper mineralization centre. It will be exciting to test this Gate Zone resistivity target further in our upcoming Phase II drill program, and also a similar target in the Dillard area of the project. In addition, with new geophysics in hand, we have prioritized high-grade gold trends discovered on our eastern claims in the early 1990's that remain underexplored and clearly warrant follow-up investigation.\"MPD HighlightsLarge, recently consolidated land package (78.5 km2) in copper and gold producing belt in BC with easy access to roads, power, water and labour;Ground evaluated and selected by Kodiak founder and chairman, Chris Taylor, P.Geo (CEO of sister company, Great Bear Resources);Historic exploration work (129 drill holes since the 1960s) focussed mainly on shallow mineralization;Kodiak Phase 1 drilling and discovery of Gate Zone confirmed exploration potential at greater depth;New geophysical data shows large anomaly at Gate Zone that coincide with high-grade drill intervals;Fully funded Phase II drill pr...