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Be the first with the news that moves the market- Kodiak Copper Corp. (KDK) will acquire 11 claims contiguous with at its MPD Copper-Gold Porphyry Project in Southern British Columbia
- The Vancouver-based company signed a purchase agreement with Donald Rippon of Mineworks Ventures Inc. to acquire the 78 sq. km. package and will expand its MPD project to 226 sq. km.
- The new claims are adjacent to the southeast and host prospective geology and structural trends important to known mineralization at MPD
- Kodiak Copper Corp. (KDK) was down 4.00 per cent, trading at $0.96 per share as of 9:40 am ET
Kodiak Copper Corp. (KDK) will acquire 11 claims contiguous with at its MPD Copper-Gold Porphyry Project in Southern British Columbia.
The Vancouver-based company signed a purchase agreement with Donald Rippon of Mineworks Ventures Inc. to acquire the 78 sq. km. package and will expand its MPD project to 226 sq. km
The new claims are adjacent to the southeast and host prospective geology and structural trends important to known mineralization at MPD. MPD is a large land package located near several operating mines in southern Quesnel Terrane, British Columbia’s primary copper-gold producing belt.
To acquire the property, Kodiak will give 150,000 shares upon closing of the transaction, as well as a 2 per cent net smelter return royalty, of which 1 per cent may be purchased by Kodiak for C$3,000,000 at any time, and a C$5,000 cash payment.
Kodiak’s President and CEO, Claudia Tornquist, explained that MPD was interpreted as a large, multi-centred copper-gold porphyry system with district-scale potential, and every step of exploration has confirmed this thesis.
“The addition of this claim package adds further strategic ground that complements our land holdings. The preparations for our 2023 exploration program at MPD are well advanced, and I am looking forward to updating our shareholders soon with our plans for a large drill campaign on multiple targets.”
Kodiak Copper Corp. is an exploration company focused on its 100-per-cent-owned copper porphyry projects in Canada and the USA.
Kodiak Copper Corp. (KDK) was down 4.00 per cent, trading at $0.96 per share as of 9:40 am ET.
