Business
Kodiak Provides Exploration Update and Final 2022 Drill Results
Vancouver, British Columbia--(Newsfile Corp. - June 13, 2023) - Kodiak Copper Corp. (TSXV: KDK) (...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"Kodiak Provides Exploration Update and Final 2022 Drill ResultsVancouver, British Columbia--(Newsfile Corp. - June 13, 2023) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the \"Company\" or \"Kodiak\") today provides an update on its fully funded 2023 exploration program at the 100% owned MPD copper-gold porphyry project in southern British Columbia. The 2023 drill program commenced in April, with receipt of initial assay results expected in July. Assay results from the final fourteen holes drilled at MPD in 2022 are also presented in this release.2023 Exploration ProgramPlans for the year include up to 25,000 metres of drilling, focused predominantly on new porphyry targets that have not previously been drilled by Kodiak, as well as 3D IP surveying, soil geochemical sampling and trenching.Kodiak has drilled 2,450 metres in four holes as of June 6, 2023, into the West Zone target at MPD South (formerly Axe). A north-south cross section showing three holes is provided in Figure 1. A map of targets at MPD South is provided in Figure 2.All new drill holes have intersected porphyry mineralization and sulphides with the deepest hole completed to-date ending at 820 metres.Drilling to date supports retaining a drill rig in the porphyry cluster containing the West, South and Adit targets, and adding a second drill rig in the coming weeks to test other high priority targets including the 1516, Man and Beyer zones.Final 2022 Drill ResultsSix drill holes were completed into the northern and eastern margins of the Gate and Prime zones in late 2022, to confirm the boundaries of the zones. As expected, these intersected lower grade copper and gold mineralization within pyrite dominated predominantly propylitic porphyry alteration outboard of the higher grade, central zones. Figure 3Hole MPD-22-033 intersected encouraging copper mineralization 150 metres northwest on the flank of the Gate Zone, indicating the potential for further extension at depth in that direction. The hole encountered a deep intercept of pyrite-chalcopyrite mineralization assaying 0.28% copper 0.03 g/t gold and 0.32 g/t silver (0.30% CuEq) over 27 metres from 743 to 770 metres downhole, within a broader 105 metre interval assaying 0.14% copper, 0.06 g/t gold and 0.33 g/t silver (0.19% CuEq), from 725 to 830 metres downhole. Eight drill holes were also compl...