Canadian miner Kodiak Copper Corp [TSXV: KDK] said this week it is mobilising two drill rigs to start the 2024 exploration program at its 100% owned MPD copper-gold porphyry project in southern British Columbia.
The explorer is planning a drill program of 10,000 metres, focused on multiple drill-ready targets in its MPD North and South Project areas, with the goal of locating high-grade mineralisation, expanding the near-surface mineralization around known zones, and making new discoveries.
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Six target areas are slated for drilling in 2024: two at MPD North (Belcarra and Blue) and four at MPD South (1516, South, Adit and Celeste).
Who is Kodiak Copper?
Kodiak Copper is focused on 100% owned copper porphyry projects in Canada and the USA that have been historically drilled and present known mineral discoveries with the potential to hold large-scale deposits. Its most advanced asset is the MPD copper-gold porphyry project in the prolific Quesnel Terrane in south-central British Columbia, Canada. This is a mining district with producing mines and excellent infrastructure.
MPD is considered to have all the hallmarks of a major, multi-centered porphyry system. Kodiak made an initial discovery of a high-grade porphyry centre of significant size at its Gate Zone and has since successfully outlined multiple kilometre-scale mineralized zones across the large MPD property.
With more target areas yet to be tested, Kodiak Copper says it will continue to systematically explore the project to build critical mass and demonstrate MPD’s district-scale potential.
First exploration season with VRIFY technology
The targeting strategy involves the integration of targets developed by Kodiak’s exploration team and VRIFY AI’s predictive modelling. VRIFY AI has recognized nine additional areas of interest, either adjacent to known copper-porphyry zones (Gamma, Zeta, Epsilon, Lambda, Omega and Sigma), or as new priority regions (Omicron, Iota and Tau) which will be followed up in 2024.
25-line kilometres of new 3D Induced Polarization (3D IP) surveying and a 2,000-sample soil geochemical survey have been proposed to advance VRIFY AI areas of interest to drill-readiness. Geological mapping and prospecting will also be carried out in key areas.
Regional exploration in 2023 identified five new targets at MPD: Agie, Leeside, Celeste, Orbit and Comet. Additional ground exploration will advance these for future drill testing.
Claudia Tornquist, President and CEO of Kodiak said, “With Kodiak’s recently announced financing we will be fully funded for a substantial drill program as we continue to systematically prove that our district-scale MPD project has the potential to become a world-class mine.”
For the 2024 program Kodiak has prioritized high-confidence targets near existing zones to expand mineralization, and new targets that present fresh discovery potential. “We will continue to build critical mass and focus particularly on adding and expanding near-surface mineralization and higher-grade zones,” Tornquist said.
