Business
Update from Dunnedin Ventures CEO Claudia Tornquist
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2020) - Update from Dunnedin Ventures...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"Update from Dunnedin Ventures CEO Claudia TornquistVancouver, British Columbia--(Newsfile Corp. - March 24, 2020) - Update from Dunnedin Ventures (TSX: DVI) CEO Claudia Tornquist.Dear Investor: COVID-19 presents unprecedented challenges for all of us in our personal and professional lives. The safety and wellbeing of our families and colleagues is absolute priority, as we all work together through this difficult situation. I believe open and frequent communication is important in times of uncertainty and I am writing to you with an update on Dunnedin’s activities and how the current events impact our company.The future for Dunnedin remains bright and I am confident we are in a very good position to weather this storm. Our balance sheet is strong and I would like to express my gratitude to our investors whose support enabled us to close a $2.8m private placement recently in incredibly challenging market conditions. We will work hard to spend every single dollar entrusted to us wisely and our most important objective is, and will always be, to create value for our shareholders.The essence of our exploration strategy remains unchanged. No virus will take away from the quality of our copper porphyry portfolio. We believe as strongly as ever in the discovery potential of our projects and will continue to unlock their value through exploration. Our priority in the near term will be to build on the discovery success of our first drill program at the MPD copper gold project in Southern BC. Working remotely, our team is currently analysing the data and knowledge we gained through the recent drilling, to identify the most exciting targets for a follow-up program in summer. Prior to drilling we are also planning an airborne geophysical survey and will commence as soon as provincial and regional health authorities lift restrictions and it is safe to do the work. At our Mohave project in Arizona we have completed a thorough analysis and re-interpretation of the historic data and are ready to embark on our first drill program later this year. As we move forward, we will judge the Covid-19 situation as well as the market and investor sentiment very carefully at every decision point and adjust our plans flexibly as required.An important milestone for our company will be the name change to Kodiak Copper Corp. on April, 1. We chose the Kod...