Kodiak Copper Corp [TSX-V: KDK] has reported results from its fully funded drill program at the 100% owned MPD copper-gold porphyry project in southern British Columbia. The latest results show that the West Zone on the property is clearly significantly larger than past explorers have appreciated.
Assay results from five drill holes at the West Zone saw the best ever drill holes at the West Zone, following the application of a Cadia-Ridgeway or Red Chris “style” of exploration model. This targets higher grades and significant vertical extents within the total mineralized system.
Chris Taylor, Chairman of Kodiak Copper, said: “[The West Zone]contains higher grades…where copper and gold are concentrated by key geological features. The significant near-surface copper at the West Zone and other porphyry centres at MPD are an attractive complement to the deeper higher-grade mineralization discovered by Kodiak at the Gate Zone.”
An important milestone for Kodiak Copper
This year’s drill program is being hailed as an important milestone for Kodiak Copper as it applies the exploration strategy that led to its landmark Gate Zone discovery to five new targets with the aim of demonstrating the true size potential of the district-scale MPD project.
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“With the 2023 drilling at the West Zone we successfully advanced a second high-grade porphyry centre, in addition to our original discovery at Gate, which represents a significant step forward for MPD,” said CEO Claudia Tornquist. “With the majority of this year’s results yet to come, our shareholders can look forward to more news from multiple targets over the coming months.”
Shallow high-grade copper assaying yielded 1.17% Cu (1.26% CuEq*) over 39 metres, within 0.33% Cu (0.39% CuEq*) over 198 metres, starting at 33 metres depth in drill hole AXE-23-008.
Kodiak reported the best mineralized interval reported from the West Zone to date – 0.49% Cu (0.58% CuEq) over 254 metres, within 0.21% Cu (0.27% CuEq) over 941 metres starting at bedrock surface in drill hole AXE-23-011.
Holes AXE-23-008 and 011 confirmed the high-energy, mineralized hydrothermal breccia at depth in the West Zone, as first reported in July. This new zone has now been extended to 185 metres of strike and remains open in all directions. New and historic drilling at the West Zone has confirmed porphyry mineralization over an area of 300 metres by 650 metres, and from surface to depths of 962 metres, which is open to extension.
