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Kodiak Drills 105 m of 0.76% CuEq within 504 m of 0.47% CuEq at Gate Zone, Begins Drilling Dillard Copper Porphyry Target
Vancouver, British Columbia--(Newsfile Corp. - October 18, 2021) - Kodiak Copper Corp. (TSXV: ...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"Kodiak Drills 105 m of 0.76% CuEq within 504 m of 0.47% CuEq at Gate Zone, Begins Drilling Dillard Copper Porphyry TargetVancouver, British Columbia--(Newsfile Corp. - October 18, 2021) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the \"Company\" or \"Kodiak\") today reports drill results at the 100% owned MPD copper-gold porphyry project in southern British Columbia.Nine new Gate Zone drill holes are presented in this release. These holes 1) define additional mineralization towards the centre of the zone, and 2) expand the margins of the zone to the south, and west. The Gate Zone porphyry target remains open to extension in multiple directions.One of Kodiak's two drill rigs at MPD has been relocated to the Dillard copper-gold porphyry target, while one rig remains at the Gate Zone.Kodiak's ongoing exploration at MPD includes drilling with two rigs, prospecting-mapping, trenching, geophysical, geochemical and environmental surveying. The fully funded 2021 program is progressing well and remains on budget. Central Gate ZoneThree new drill holes completed along approximately 500 metres of strike length underlying the central Gate Zone copper-in-soil target once again intersected significant grades and interval lengths of copper-gold mineralization. Results are shown in Table 1 and Figures 2, 3. Highlights include:New drill hole MPD-21-016 intersected 105 metres of 0.50% Cu, 0.39 g/t Au and 1.57 g/t Ag (0.76% CuEq*) within a broader 504 metre interval of 0.37% Cu, 0.15 g/t Au and 1.11 g/t Ag (0.47% CuEq*) Figure 4AHole MPD-21-016 was mineralized from near surface at 21 metres to 720 metres downhole (699 metres) and represents the third best hole drilled by Kodiak to date (Cu% grade x width)New drill hole MPD-21-012 intersected 108 metres of 0.45% Cu, 0.09 g/t Au and 0.59 g/t Ag (0.51% CuEq*) within a broader 243 metre interval of 0.31% Cu, 0.08 g/t Au and 0.35 g/t Ag (0.36% CuEq*) Figure 4B New drill hole MPD-21-024 intersected 42 metres of 0.32% Cu, 0.34 g/t Au and 1.56 g/t Ag (0.55% CuEq*) within a broader 447 metre interval of 0.21% Cu, 0.11 g/t Au and 0.72 g/t Ag (0.29% CuEq*) Figure 5ADrilling Gate Zone MarginsSix new drill holes targeted the pyrite-dominated envelope surrounding higher grade mineralization, to help define the dimensions of the Gate Zone porphyry centre. Results are shown in Table 1 and Figure...