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Kodiak Reports Complete Drill Results for MPD-20-004: 535.1 m of 0.49% Copper and 0.29 g/t Gold (0.76% CuEq*)
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2020) - Kodiak Copper Corp. (TSXV: ...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"Kodiak Reports Complete Drill Results for MPD-20-004: 535.1 m of 0.49% Copper and 0.29 g/t Gold (0.76% CuEq*)Vancouver, British Columbia--(Newsfile Corp. - October 22, 2020) - Kodiak Copper Corp. (TSXV: KDK) (the \"Company\" or \"Kodiak\") today reported additional drill results from its 100% owned MPD copper-gold porphyry project in southern British Columbia. The Company released new results for hole MPD-20-002 and the remaining upper and lower sections of hole MPD-20-004 at the newly discovered Gate Zone. This follows partial reporting of a central high-grade copper gold zone in MPD-20-004, disclosed along with hole MPD-20-001 on September 3, 2020. Claudia Tornquist, President and CEO of Kodiak said, \"We are pleased to report complete assays for two holes of this year's drill program at the Gate Zone. We previously reported the discovery of a high-grade copper-gold zone central to MPD-20-004 having 1.16% copper equivalent over 282 metres. This is one of the most impressive copper gold intercepts reported from a porphyry project in southern B.C. New results confirm that this high-grade zone is not unique, but part of a wider mineralized envelope intersected over 535 metres in MPD-20-004 and 642 metres in MPD-20-002. We are looking forward to receiving results for hole MPD-20-005 over the coming weeks and from additional holes later in 2020 and into early 2021. Drilling at the Gate Zone is ongoing and we continue to intersect copper-gold mineralization with strong alteration characteristic of a large porphyry system. As we round out the 2020 program, we are also making plans for a very active 2021, where we will also test other high-priority targets across the property.\"Highlights Include:Drilling continues to test the northern portion of a one kilometre long gold-in-soil target which has been shown to overlie a significant new porphyry discovery, the Gate Zone.New results reported herein are from two separate step-out \"fans\" drilled east of, and through the Gate zone which was discovered by Kodiak in late 2019. Complete results from hole MPD-20-002 and remaining results from MPD-20-004 show a large zoned and significantly enriched copper-gold envelope at Gate, typical of porphyry hosted mineralization. Figure 1 and Figure 2.A previously reported 282 metre section from MPD-20-004 returned 0.70% copper, 0.49 g/t gold and 2.65...