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Kodiak's First Adit Zone Drilling Intersects Near-Surface High-Grade Copper: 0.76% CuEq over 156 m, Within 0.46% CuEq over 357 m
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2024) - Kodiak Copper Corp. (TS...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"Kodiak's First Adit Zone Drilling Intersects Near-Surface High-Grade Copper: 0.76% CuEq over 156 m, Within 0.46% CuEq over 357 mVancouver, British Columbia--(Newsfile Corp. - September 10, 2024) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the \"Company\" or \"Kodiak\") is pleased to report the first drill results from the fully funded 2024 drill program at its 100% owned MPD copper-gold porphyry project in southern British Columbia. Assay results from the Company's first hole drilled at the Adit Zone (MPD South) as well as four exploratory holes at the Belcarra Target (MPD North) are presented herein.Highlights - Adit Zone Kodiak's maiden drilling at the Adit Zone intersected high-grade mineralization in the near- surface, confirming and extending the copper-gold-silver porphyry system observed at surface and in shallow historic drilling (Figure 1). The Adit Zone remains open in several directions. Hole AXE-24-007 is the best hole ever drilled at Adit based on grade x width, intersecting 357 metres assaying 0.43% Cu, 0.02 g/t Au and 10.05 g/t Ag (0.46% CuEq*) from 89 to 446 metres downhole.All intersected mineralization is within 200 metres of surface due to the slope of the topography in the area (Figures 2 to 4). Drill Hole AXE-24-007 also contains several higher-grade intervals (Figures 2 to 4): 0.69% Cu, 0.04 g/t Au, 20.41 g/t Ag (0.76 % CuEq) over 156 metres from 89 to 245 metres 1.24 % Cu, 0.02 g/t Au, 5.36 g/t Ag (1.13% CuEq) over 21 metres from 206 to 227 metres 0.54 % Cu, 0.01 g/t Au, 2.55 g/t Ag, (0.49% CuEq) over 51 metres from 347 to 398 metresWeathered hydrothermal breccia with high-grade silver assayed 0.66% Cu, 0.03 g/t Au, and 840 g/t Ag over 3 metres within a wider 13 metre high-grade interval assaying 1.74% Cu, 0.03 g/t Au and 194.98 g/t Ag (2.77 % CuEq) from 151 to 164 metres (Figure 4).Drilling at Adit is targeting coincident copper-in-soil and 3D induced polarization (3D IP) chargeability anomalies that suggest the Adit Zone is part of a larger porphyry system (Figure 2). The current drilling is designed to establish controls on near surface copper oxide and sulphide mineralization at Adit, while extending this zone to depth and along strike. Additional drill holes are being completed, with assays pending. Claudia Tornquist, President and CEO of Kodiak said, \"Adit is the third sizeabl...