Business
Kodiak to Fly Airborne Geophysical Survey at MPD Copper-Gold Porphyry Project in Preparation for Drilling
Vancouver, British Columbia--(Newsfile Corp. - April 8, 2020) -  Kodiak Copper Corp. (TSX...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"Kodiak to Fly Airborne Geophysical Survey at MPD Copper-Gold Porphyry Project in Preparation for DrillingVancouver, British Columbia--(Newsfile Corp. - April 8, 2020) -  Kodiak Copper Corp. (TSXV: KDK) (FSE: 5DD1) (the \"Company\" or \"Kodiak\") announces that it has contracted a ZTEMTM airborne geophysical survey in preparation for the next phase of drilling at its 100% owned MPD copper-gold porphyry project in southern BC.Claudia Tornquist, President and CEO of Kodiak said, \"Kodiak is in a very strong position, being fully funded and with a clear exploration strategy at our advanced MPD project. This first airborne geophysical survey ever flown over the consolidated property kicks off our 2020 exploration program to follow up on the Gate Zone discovery announced earlier this year. Historic ground geophysical data shows significant anomalies across a large 10 km2 area but only to a maximum depth of 250 metres, and by completing this work we will be able to trace the continuation of these large anomalies down to over 1000 metres vertical depth. This will be instrumental in prioritizing targets for a Phase II drilling program planned in early summer. Our interpretation is that the porphyry centre or centres have not been discovered yet, which bodes well for high grades yet to be drilled. There is plenty of opportunity for further discoveries and with a larger drill program and better information we are poised to generate exciting results and build on the discovery success to date.\"Kodiak's recent maiden Phase I drill program at MPD tested the vertical extent of historic copper-gold mineralization below shallow historic drilling in the Prime area, which rarely tested below 200 metres depth. The program culminated in the discovery of the new Gate Zone, with hole MPD-19-003 containing the highest grade copper-gold intervals in core ever reported in the 50-year history of the property, and mineralization extending from near surface to over 800 metres vertical depth (see news release dated Jan. 16, 2020). In preparation for a larger Phase II drill program in early summer 2020, Kodiak has contracted Geotech Ltd. to fly a property-wide ZTEMTM airborne electromagnetic-magnetic survey in April that covers 72 km2. The ZTEMTM data will map resistivity/conductivity responses to over 1000 metres depth, enabling us to see below historic...