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Be the first with the news that moves the market- Kodiak Copper (KDK) has launched a fully-funded drill program at its wholly owned MPD copper-gold porphyry project in southern British Columbia
- Totalling 4,000 metres, the phase two diamond drilling program will follow-up on the recent Gate Zone discovery and test a high-priority target at the Dillard Zone
- Earlier this year, the company undertook an airborne geophysical survey, which assisted in prioritising targets for the current program
- The company previously staked 18.8 square kilometres of mineral claims, expanding the total size of the MPD project to 97.3 square kilometres
- Kodiak Copper (KDK) is down 6.12 per cent and is trading at C$0.46 per share
Kodiak Copper (KDK) has launched a fully-funded drill program at its wholly owned MPD copper-gold porphyry project in southern British Columbia.
The company’s 2020 exploration program began earlier this year with a property-wide airborne geophysical survey, providing data to a depth of 1,000 metres, which assisted in prioritising targets for both the current drill and future drill programs.
Field crews and equipment have already been mobilised for this second phase of drilling, which is expected to total roughly 4,000 metres. The program will focus initially on step-out drilling to expand previous results at the recently identified Gate Zone.
Drilling will also seek to test similar copper-gold mineralisation discovered in historic holes in the Dillard Zone, located roughly two kilometres southeast of the Gate Zone.
In addition, Kodiak will revisit previously identified gold trends at Dillard East. Field crews have been prospecting and undertaking soil geochemical survey over the last couple of weeks to ground-truth these anomalies.
Claudia Tornquist, President and CEO of Kodiak Copper, noted that geophysical work carried out at the conclusion of an initial drill program demonstrated high-grade intervals at the Gate Zone at the edge of a significant resistivity anomaly.
“It will be very exciting to drill-test this sizeable new anomaly and expand the mineralisation at Gate further. MPD hosts many other potential drill targets across a large, 10 square kilometre area containing historic copper and gold mineralisation.
“As part of this phase two program we have prioritised the Dillard Area as a target that certainly warrants drill testing as well. Like at Gate, the objective is to test below shallow historic drilling where new geophysics has identified a large resistivity and magnetic anomaly,” she added.
The results of the phase two drill program are expected to be released in the third quarter of 2020.
Kodiak Copper (KDK) is down 6.12 per cent and is trading at C$0.46 per share at 10:39am EDT.
