Armchair Trader pick Kodiak Copper Corp. [TSX-V:KDK] has reported very interesting new drill results from the fully funded, large drill program at its 100% owned MPD copper-gold porphyry project in southern British Columbia.
Kodiak Copper’s drilling at the West Zone to date has confirmed porphyry mineralization from surface over an area of 300 metres by 300 metres and up to 819 metres depth, extending well below historic drilling and open to extension. A new zone of structurally hosted high-grade copper-gold-silver mineralization has been discovered to the east of the West Zone.
For the first time at the MPD project, significant mineralized hydrothermal breccia has been drilled. The breccia includes copper mineralized clasts suggesting additional undrilled mineralization at depth.
Possible ultra high grade porphyry centre
The drills hit good grades and long intercepts from surface on their first attempt which bodes very well for follow up drilling. These results will help Kodiak’s technical team vector in on higher grades and possibly on ultra high-grade porphyry centres as we saw at the company’s Gate Zone discovery.
Because the drilling discovered material gold values in breccia style mineralization, there are hopes that the company could be looking at a powerful underlaid porphyry system. Kodiak Copper’s management has indicated that this will also be followed up on as a priority.
Results show potential of massive scale of MPD opportunity
It is also worth noting that these new results come from a portion of the property which is circa 10kms away from the original Gate Zone discovery. The size and scale of the project is starting to unfold and certainly should be attracting further interest from larger strategic entities.
The gold to copper ratio is close to 1:1 and all three holes intersect high grade sections. There is potential here for mineralization at depth from this area; even thought it has been drilled for copper porphyry before, holes were 200m or less vertically. This could in fact be a game changer for Kodiak Copper as it shows there is another zone in addition to the Gate zone.
Three drill holes were completed into the West Zone, collared near the centre of the geophysical target and drilled to the south, vertically, and to the east. Additional drill holes are also being completed, with assays pending.
Kodiak’s latest set of drill results
Drill hole AXE-23-001, drilled towards the south, intersected significant mineralization from the bedrock surface to 539 metres depth. Assays include 0.28% Cu, 0.28 g/t Au and 0.83 g/t Ag (0.51% CuEq) over 158 metres, within a broader interval of 0.18% Cu, 0.20 g/t Au and 0.61 g/t Ag (0.34% CuEq) over 533 metres.
Drill hole AXE-23-002, drilled vertically, and intersected mineralization from surface to 488 metres depth, assaying 0.21% Cu, 0.30 g/t Au and 1.36 g/t Ag (0.45% CuEq*) over 203 metres, within 0.15% Cu, 0.16 g/t Au and 0.80 g/t Ag (0.28% CuEq) over 482 metres.
Drill hole AXE-23-003, drilled to the east, and also intersected from-surface mineralization assaying 0.22% Cu, 0.27 g/t Au and 1.08 g/t Ag (0.44% CuEq) over 51 metres, within a broad interval of 0.13% Cu, 0.20 g/t Au and 0.61 g/t Ag (0.29% CuEq*) over 209 metres.
As mentioned previously, the West Zone drilling by Kodiak and others show an approximately 1:1 ratio of g/t gold to % copper, similar to the central Gate Zone and usually indicative of higher temperature mineralization.
