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Kodiak Drills 282 m of 0.70% Copper and 0.49 g/t Gold (1.16% CuEq), Including 45.7 m of 1.41% Copper and 1.46 g/t Gold (2.75% CuEq)
Vancouver, British Columbia--(Newsfile Corp. - September 3, 2020) - Kodiak Copper Corp. (TSXV:...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"Kodiak Drills 282 m of 0.70% Copper and 0.49 g/t Gold (1.16% CuEq), Including 45.7 m of 1.41% Copper and 1.46 g/t Gold (2.75% CuEq)Kodiak to Host a Webinar on Thursday, September 3rd @ 1pm PST/4pm ESTVancouver, British Columbia--(Newsfile Corp. - September 3, 2020) - Kodiak Copper Corp. (TSXV: KDK) (the \"Company\" or \"Kodiak\") today reported the discovery of a significant high-grade copper-gold extension of the recently discovered Gate Zone at the Company's 100% owned MPD copper-gold porphyry project in southern British Columbia. The MPD project is accessible year-round from paved highways 5A and 97C.Chris Taylor, Chairman of Kodiak said, \"As compelling as our 2019 discovery of the Gate Zone was, it now appears we had only grazed the margins of a much stronger copper-gold zone which we have now successfully targeted. Our new results include discovery of a central high-grade copper-gold zone within the wider copper-gold mineralized envelope of the Gate Zone. These drill results are among the strongest that have been reported from this well-established copper mining district in southern British Columbia. Drilling is ongoing and we will be releasing additional results throughout the coming months.\"Claudia Tornquist, President and CEO of Kodiak said, \"While we are just beginning to unlock the untapped potential of the MPD project, we view this new discovery as transformative for the project, and by extension for Kodiak. Especially remarkable are the new high gold values, which we would have viewed as a successful stand-alone gold discovery in the absence of any copper. Given our 100% ownership of MPD, and its position adjacent to highways with year-round accessibility, we anticipate a very active remainder of 2020, and that 2021 will be our most exciting and productive year so far.\"Highlights Include:A significant high-grade copper-gold discovery has been made on a 75 metre step-out south of the \"Gate Zone\" discoverywhich was originally drilled in late 2019 and announced in January 2020.New results are from a higher-grade extension of the Gate Zone that is likely near a porphyry centre based on mineralization and alteration strength. Figure 1 and Figure 2.A 282 metre section of strongly mineralized and altered drill core from drill hole MPD-20-004 (drilled to 785 metres and partially reported herein) was prioritised and rus...