Drills 192m Of Mineralisation At MPD Project
Kodiak Copper Corp. (TSXV:KDK) has confirmed 192m of copper, gold and silver mineralisation at the Gate Zone at the 100% owned MPD copper-gold porphyry project in British Columbia.
MPD is located near producing mines in the prolific Quesnel Trough in southern British Columbia, with excellent infrastructure and year-round accessibility from paved highways.
A drill programme with nine drill holes to date is ongoing near thenorthern end of an approximatelyone kilometre long copper-in-soil target.
New drill hole MPD-20-005 returned 192 m of 0.74% copper, 0.48 g/t gold and 2.75 g/t silver (1.21% CuEq*)from 308 to 500m down hole,
This included a 45mcentral high-grade interval of 1.18% copper, 1.01 g/t gold and 4.00 g/t silver (2.13% CuEq)from 401 to 446m down hole.
The total mineralised interval in MPD-20-005 was515.8 m of 0.41% Copper, 0.22 g/t Gold and 1.50 g/t silver (0.63% CuEq)from 223.5 to 739.3m down hole.
All nine drill holes completed to date or currently in progress have intersected prospective sulphide-bearing, altered porphyritic host rocksconsistent with a well-developed alkalic porphyry system.
President and CEO, Claudia Tornquist, said drilling to date has tested up to 500m of potential width of the Gate Zone, and only 125m of the approximately one km strike length of the total copper-in-soil target.
“Hole MPD-20-005 delivered another outstanding drill result from the newly discovered Gate Zone,” Mr Tornquist, said.
“This hole expands the central high-grade zone previously announced in hole MPD-20-004. Importantly, we are also starting to see significant size to the larger mineralised envelope, first identified in the near-surface by shallow historic drilling and extended down to a depth of over 800 metres by Kodiak.
“Our exploration programme at MPD continues and Kodiak is well-fund with approximately $15 million for up to 30,000 metres of additional drilling.
“The Gate Zone is wide open and we look forward to expanding on this discovery. To date we have only drilled a small portion of the substantial soil anomaly that overlays it.
“Virtually all significant copper mines in the Quesnel Trough, including nearby Copper Mountain, consist of multiple porphyry centres. With numerous underexplored historic copper showings across an area of over 10 square kilometres at MPD, the additional discovery potential is very strong, and we also are planning to test other targets across the property throughout 2021.”