- Kodiak Copper Corp.’s (KDK) recent drill results show even higher grades of copper-gold mineralization from its MPD Project
- Two holes testing the Dillard target intersected significant copper-gold mineralization
- The Gate Zone extended a known strike length of mineralization to one kilometre
- Dillard target will see a minimum of 10-15 extra holes into this zone
- Kodiak Copper Corp. (KDK) is down 5.56 per cent trading at $1.36 per share as of 1:03 p.m. ET
Kodiak Copper Corp.’s (KDK) recent drill results show high grades of copper-gold mineralization from its MPD Project in British Columbia.
The company’s first two holes testing the Dillard porphyry target intersected significant copper-gold mineralization from surface to 530 metres depth, including intervals of higher grade copper-gold-silver mineralization.
The holes represent the best drill results reported from the Dillard area to date with better grade by width than any of the historic holes and confirm a substantial porphyry target.
Additionally, drilling to the south of the Gate Zone extended a known strike length of mineralization to one kilometre. Both the Dillard and Gate Zone porphyry targets remain open to extension in multiple directions and will be further tested as part of the 2022 drill campaign.
The Dillard target has a 2.7-kilometre-long copper anomaly with some, shallow historical drilling which confirmed a porphyry system. The Dillard target is almost three times the strike length of the Gate Zone copper anomaly.
The fully funded 2022 drill program of up to 25,000 metres is now underway.
Kodiak will continue testing Dillard this year by drilling a minimum of 10-15 extra holes into this zone. Ongoing results will inform a 3D model to facilitate the targeting of higher-grade mineralization within the Dillard target. A survey will be conducted over the Dillard Zone this month.
Claudia Tornquist, President and CEO of Kodiak, stated,
“Due to the significant multi-kilometre scale of the Dillard copper target, the immediate discovery of higher-grading copper mineralization in our first two drill holes is an exciting new development that we are eager to follow up with more drilling in 2022… as we are aiming to unlock their potential and make more discoveries throughout 2022 and beyond.”
Kodiak Copper Corp. (KDK) is down 5.56 per cent trading at $1.36 per share as of 1:03 p.m. ET.
