Kodiak Copper Corp. (TSXV: KDK) has intersected wide zones of high-grade copper in five drill holes from the fully funded 25,000 m 2022 programme at the 100% owned MPD copper-gold porphyry project in southern British Columbia.
The company’s initial work in 2022 focused on additional drilling at the Gate Zone and testing look-alike geophysical targets nearby. New high-grade copper-gold-silver intercepts reported herein infill a 170 m gap at the south end of Gate. In addition, drill-testing geophysical anomalies northeast of Gate has identified a 400 m long, parallel mineralized trend at the nearby Prime Zone.
“The Gate Zone has delivered further impressive drill intercepts as we continue to increase the size of mineralized envelope which now extends to a kilometer in north-south direction and a depth of 900 m,” President and CEO, Claudia Tornquist, said.
“We also commenced testing geophysical targets with coincident copper-in-soil signatures in the wider area around the Gate Zone and are pleased that we were able to delineate a parallel mineralised trend at the Prime Zone. This new mineralised trend crystalizes further size potential and validates our model of a large multi-centric porphyry system at MPD.
“The company has now expanded its exploration efforts to other high-priority areas like as Dillard and Man and we look forward to this next promising phase of work which should lead to more new discoveries like Gate and Prime across the 147 square kilometre MPD Project area.”
Highlights
- New drill holes MPD 22-006, MPD-22-008 and MPD-22-05 at the southern end of Gate encountered significant chalcopyrite +/- bornite mineralised intervals, infilling 170 m of strike and extending the Gate Zone by an additional 50 m to 900 m depth. The Gate Zone remains open to depth.
- MPD-22-006 intersected 117 m of 0.69% Cu, 0.46 g/t Au and 2.22 g/t Ag (1.03% CuEq) within 735.4 m of 0.24% Cu, 0.14 g/t Au and 0.71 g/t Ag (0.34% CuEq).
- MPD-22-008 intersected 59.9 m of 0.33% Cu, 0.25 g/t Au and 1.77 g/t Ag (0.52% CuEq) within 585 m of 0.18% Cu, 0.09 g/t Au and 0.71 g/t Ag (0.25% CuEq).
- MPD-22-005 extended the Gate Zone mineralization to depth and intersected 190.2 m of 0.19% Cu, 0.12 g/t Au and 1.07 g/t Ag (0.29% CuEq) within 715.2 m of 0.13% Cu, 0.07 g/t Au and 0.65 g/t Ag (0.19% CuEq).
- Drilling continues to demonstrate a strong correlation between coincident copper-in-soil anomalies and underlying bedrock copper mineralisation, with new copper mineralisation discovered adjacent to the Gate Zone at the Prime target. This confirmation is important as new, compelling copper-in-soil targets with coincident geophysical signatures similar to the Gate Zone will be tested by Kodiak through its ongoing, fully-funded drill programme in 2022 and 2023. Targets include Dillard, Man, Blue and the 1516 Zones.
- Holes MPD-22-013 and MPD-22-017 intersected a new mineralised trend northeast of, and adjacent to Gate now called the Prime Zone. When combined with historic work, drilling at Prime has identified porphyry-related alteration and copper-gold-silver mineralization over 200 metres width, with 400 m of strike and down to 550 m depth.
- MPD-22-013 intersected 180 m of 0.15% Cu, 0.10 g/t Au and 0.61 g/t Ag (0.22% CuEq) within 330 m of 0.11% Cu, 0.09 g/t Au and 0.55 g/t Ag (0.17% CuEq). MPD-22-017 intersected 183 m of 0.16% Cu, 0.07 g/t Au and 0.76 g/t Ag (0.21% CuEq). A second, deeper interval extended into the Gate Zone at 764 m depth, with 96 m of assaying 0.28% Cu, 0.14 g/t Au and 0.81 g/t Ag (0.38% CuEq).
- The extension of the Gate Zone and delineation of the new Prime Zone confirm that recent 3D Induced Polarisation (3D IP) surveys are an effective tool for targeting host geology and discovering prospective porphyritic mineralization on the MPD Project. Further work to extend both the Gate and Prime Zones is warranted.
For further information please visit: https://kodiakcoppercorp.com/