Business
Kodiak Drills 126 m of 0.87% CuEq within 537 m of 0.45% CuEq at Gate Zone
Vancouver, British Columbia--(Newsfile Corp. - December 14, 2021) - Kodiak Copper Corp. (TSX...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"Kodiak Drills 126 m of 0.87% CuEq within 537 m of 0.45% CuEq at Gate ZoneVancouver, British Columbia--(Newsfile Corp. - December 14, 2021) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the \"Company\" or \"Kodiak\") today reports drill results from the 100% owned MPD copper-gold porphyry project in southern British Columbia.Results from three new drill holes at the Gate Zone are presented in this release. Holes drilled in 2021 continue to highlight significant copper-gold grades over substantial intervals central to the Gate Zone. The Gate Zone porphyry target remains open to extension in multiple directions.Highlights (complete results are shown in Table 1 and Figures 2 and 3):126 metres of 0.72% Cu, 0.21 g/t Au and 2.95 g/t Ag (0.87% CuEq*) within a broader 537 metre interval of 0.37% Cu, 0.11 g/t Au and 1.40 g/t Ag (0.45% CuEq*) in new drill hole MPD-21-018 - Figure 4A111 metres of 0.53% Cu, 0.34 g/t Au and 1.84 g/t Ag (0.76% CuEq*) within a broader 432 metre interval of 0.27% Cu, 0.13 g/t Au and 0.78 g/t Ag (0.35% CuEq*) in new drill hole MPD-21-026 - Figure 4B 81 metres of 0.31% Cu, 0.13 g/t Au and 1.41 g/t Ag (0.40% CuEq*) within a broader 297 metre interval of 0.23% Cu, 0.10 g/t Au and 0.89 g/t Ag (0.30% CuEq*) in new drill hole MPD-21-017 - Figure 4CIn 2021, drilled 21,675 metres in 36 holes, two of which were Kodiak's first holes at the Dillard copper-gold porphyry target located 2.5 kilometres south-east of the Gate Zone (Dillard results pending)Systematic drilling at the Gate Zone in 2021 continues to intersect porphyry-related mineralization and host lithology along 950 metres of strike, having the depth (850 metres) and width (350 metres) typical of other multi-centre copper porphyry deposits in British ColumbiaA large drill program of approximately 25,000 additional metres is planned for 2022 to further evaluate Gate and advance other high-priority targets in the Dillard, Man and Axe areas. These prospects exhibit similar regional geophysical and geochemical anomalies, with near-surface mineralization reported from historic trenches and drillingClaudia Tornquist, President and CEO of Kodiak, said, \"We are very pleased with the impressive drill results that keep coming from the Gate Zone, and excited to have our first holes into the Dillard target. The progress the Company made this year, despite ch...