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Kodiak Reports Increase in Strike Length of Gate Zone from 125 m to 800 m, Intersects 242 m of 0.52% CuEq in 575 m Step-Out
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2021) - Kodiak Copper Corp. (TSXV: KDK)...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"Kodiak Reports Increase in Strike Length of Gate Zone from 125 m to 800 m, Intersects 242 m of 0.52% CuEq in 575 m Step-OutVancouver, British Columbia--(Newsfile Corp. - July 7, 2021) - Kodiak Copper Corp. (TSXV: KDK) (the \"Company\" or \"Kodiak\") today reports the first drill results for the fully funded 30,000 metre 2021 drill program at the 100% owned MPD copper-gold porphyry project in southern British Columbia.Gate Zone: 575 metre Step-out to SouthThe Gate Zone discovery has been successfully expanded by 6x its previous strike length from approximately 125 metres to approximately 800 metres in a north-south direction.New drill hole MPD 21-009 was a 575 metre step-out south of all other Gate drill collars, and intersected 87 metres of 0.51% Cu, 0.43 g/t Au and 0.81 g/t Ag (0.78% CuEq*) within 242 metres of 0.38% Copper and 0.22g/t Gold (0.52% CuEq*) and a broader 468 metre interval of 0.25% Cu, 0.16 g/t Au and 0.51 g/t Ag (0.35% CuEq*). Table 1 and Figure 3A.MPD 21-009 intersected the first high-grade bornite-dominated copper-gold-silver mineralization observed on the property, accompanied by strong, illite-kaolinite overprinting of potassic alteration. Alteration and mineralization suggest this is the highest temperature area of the Gate Zone porphyry copper system drilled to date and may be located closer to a potential mineralization source than the original Gate Zone discovery area. With over 15 drill holes completed by Kodiak to date, results suggest that the 1.2 kilometre long copper-in soil target in this area is underlain by a significant copper-gold-silver porphyry system.Chris Taylor, Chairman of Kodiak said, \"With a six-fold increase in its drill-confirmed strike length to over 800 metres, and the identification of high-temperature bornite-rich copper mineralization, the Gate Zone has growing similarities to other large scale copper porphyry systems in British Columbia. In particular, recent mineralization and alteration discoveries have similarities to the Red Chris deposit where Newcrest Mining Ltd. recently acquired a 70% interest. Like the Gate Zone at MPD, Red Chris has high-grade copper-gold-silver mineralization core with a broad lower grade halo. Grades at Red Chris are similar to many of the drill intervals reported from the Gate Zone to date.\"Ongoing Drilling in Gate Zone Discovery AreaStep-out ...