- Kodiak Copper (KDK) is reporting a new high-grade gold-silver discovery on surface at its MPD Copper-Gold Porphyry Project
- Work comes from trenching at the Beyer Zone on its 100-percent-owned project in southern British Columbia
- Trenching was part of the Vancouver-based company’s broader regional exploration program to evaluate untested copper-gold targets
- Work was conducted in parallel with the company’s fully-funded 25,000-metre drill program on several targets
- Kodiak Copper is up 3.16 percent, trading at $0.98 at 12:01 pm ET
Kodiak Copper (KDK) is reporting a new high-grade gold-silver discovery on surface at its MPD Copper-Gold Porphyry Project.
Work comes from trenching at the Beyer Zone on its 100-percent-owned project in southern British Columbia.
Trenching was part of the Vancouver-based company’s broader regional exploration program to evaluate untested copper-gold targets across the MPD property.
Work was conducted in parallel with the company’s fully-funded 25,000-metre drill program on several copper-gold porphyry targets.
Trench expanded the newest surface gold-silver discovery to 3.02 grams per tonne of gold and 24.18 grams per tonne of silver over 12 metres.
“The Beyer gold-silver discovery is an exciting new development as it sits within a multi-kilometre, completely untested new gold-in-soil trend. It is remarkable because this is the first time sizeable intervals of high-grade gold-silver mineralization have been trenched at the MPD project. Mineralization and alteration are open along strike, making the extension of these trenches an obvious follow-up for 2023. The Beyer discovery is a testament to the outstanding prospectivity of the MPD Project and adds new upside and value creation potential for our shareholders,” said President and CEO Claudia Tornquist.
The project’s Beyer Zone is slated for additional trenching and drilling as part of the 2023 program.
Kodiak Copper is up 3.16 percent, trading at $0.98 at 12:01 pm ET.
