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Kodiak Commences Drilling at MPD Copper-Gold Porphyry Project in Southern BC
Vancouver, British Columbia--(Newsfile Corp. - July 13, 2020) - Kodiak Copper Corp. (TSXV: K...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"Kodiak Commences Drilling at MPD Copper-Gold Porphyry Project in Southern BCVancouver, British Columbia--(Newsfile Corp. - July 13, 2020) - Kodiak Copper Corp. (TSXV: KDK) (the \"Company\" or \"Kodiak\") announces the commencement of the fully funded Phase II drill program at its 100% owned MPD copper-gold porphyry project in southern B.C. (\"MPD\"). The program will consist of 4000 metres of diamond drilling designed to follow-up on the recent Gate Zone discovery, and drill test an analogous high-priority target at the Dillard Zone. Kodiak has also increased the size of the project by staking an additional 18.8 square kilometres of mineral claims, bringing the total size of the MPD property to 97.3 square kilometres.\"We are very pleased to be drilling again at MPD,\" commented Claudia Tornquist, President and CEO of Kodiak. \"Our first drill program ended on a high note with the discovery of the Gate Zone. Subsequent geophysical work now shows that high-grade drill intervals at Gate are on the edge of a large resistivity anomaly and interpreted porphyry centre. It will be very exciting to drill-test this sizeable new anomaly and expand the mineralization at Gate further. MPD hosts many other potential drill targets across a large, 10 square kilometre area containing historic copper and gold mineralization. As part of this Phase II program we have prioritized the Dillard Area as a target that certainly warrants drill testing as well. Like at Gate, the objective is to test below shallow historic drilling where new geophysics has identified a large resistivity and magnetic anomaly. We look forward to continue unlocking the value of MPD and appreciate the project's location, ease of access and nearby infrastructure, especially during these unusual times.\"2020 Phase II Drill Program The 2020 exploration program at MPD began with a property-wide ZTEMTM airborne geophysical survey which provided important data down to a depth of 1000 metres and helps the Company prioritise targets for this and future drill campaigns (see Kodiak news releases dated April 8, 2020 and June 17, 2020). Mobilization of field staff and equipment has commenced for 2020 Phase II diamond drilling at MPD. The program will initially focus on expanding significant drill results from the Gate Zone, using step-out drilling to expand the high-grade mineralization d...