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Kodiak Provides Update on 2022 Exploration Program at MPD Copper-Gold Porphyry Project in Southern British Columbia
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2022) - Kodiak Copper Corp. (TSXV...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"Kodiak Provides Update on 2022 Exploration Program at MPD Copper-Gold Porphyry Project in Southern British ColumbiaVancouver, British Columbia--(Newsfile Corp. - September 13, 2022) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the \"Company\" or \"Kodiak\") provides an update on its fully funded 2022 exploration program at its 100% owned MPD copper-gold porphyry project (\"MPD\") in southern British Columbia. HighlightsThe 2022 exploration program at MPD is progressing well with up to 25,000 metres of drilling planned. Drilling is on schedule and the Company has completed 29 holes totalling 19,150 metres as of September 9. Drilling in early 2022 focused on infill work at the Gate Zone and testing adjacent look-alike geophysical targets. Core samples are being shipped to ALS Canada Ltd. in North Vancouver, BC for analysis and the next batch of assay results will be reported in September.Results to date (see news release June 29, 2022) have confirmed wide intervals of significant mineralization at the south end of Gate and the Company has intersected prospective, sulphide-bearing, porphyritic host rock adjacent to the Gate Zone in the north. The drill program has transitioned to evaluating widespread additional targets for copper-gold mineralization across the rest of MPD property.A rig has been mobilized to the Dillard area where drilling commenced in 2021 with two holes and early results from the 2022 3D Induced Polarization (3D IP) work have already identified new high-priority drill targets situated within a 2.7 kilometre long copper-in-soil anomaly.Exploration target drilling will continue throughout the fall to test new soil geochemical and 3D IP geophysical anomalies across the large MPD property.Claudia Tornquist, President and CEO of Kodiak, said, \"Our interpretation has been from the start that MPD is a large, multi-centred copper gold porphyry system. After our first discovery of a high-grade porphyry centre at the Gate Zone we are now replicating the same systematic exploration approach at additional target areas with the aim to make further high-grade discoveries and bring the project to the next level. With a healthy treasury and a fully funded exploration program we are well placed to continue advancing MPD to unlock the value of what we believe is a district-scale porphyry copper system for our sh...