Kodiak Copper Corp. (the “Company” or “Kodiak”) (TSX-V: KDK, OTCQB: KDKCF, Frankfurt: 5DD1) today reports drill results from the 2024 drill program at its 100% owned MPD copper-gold porphyry project in southern British Columbia. Results from 10 holes drilled at the Adit, South, Mid and 1516 Zones are presented herein.
Chris Taylor, Chairman of Kodiak commented, “We intersected shallow high-grade copper mineralization with bornite in a 200metre step-out from the Adit Zone. We lost the drill hole just as we entered what has the potential to become a significant extension, returning 0.73% CuEq over the 4 metres in the last box of core. The mineralized core is identical to the high-grade sulphide facies discovered by Kodiak below the historic Adit Zone. If confirmed through future drilling, the footprint of the Adit Zone could expand significantly, which due to its shallow high grades would mark the most significant new discovery at the MPD project since the Gate Zone.”
Highlights
- Two new holes drilled 390 metres north of Kodiak’s initial collars at Adit focused on regional geochemical / geophysical responses and a historic surface sample which assayed 0.70% Cu, 0.094 g/t Au and 2.63 g/t Ag (Evrim, 2018).
- AXE-24-013 and 015 discovered “Adit-type” mineralization (copper oxide at surface with sulphides at depth +/- molybdenum) in an area not previously drilled, and although ground conditions prevented holes from reaching target depths, they extended the north-south strike of Adit to 500 metres (Figures 2, 3 & 5).
- All mineralization drilled by Kodiak at Adit to date is within 350 metres of surface due to the slope of the topography, and the expanded area remains open in several directions (Figures 2 & 3).
- Drill Hole AXE-24-015 at Adit ended in four metres of high-grade mineralization (with bornite) assaying 0.64% Cu, 0.14 g/t Au, 2.23 g/t Ag (0.73% CuEq) from 151 to 155 metres before the hole was lost,within an increasingly mineralized 24 metre copper envelope starting at 131 metres and assaying 0.15% Cu, 0.04 g/t Au, 0.60 g/t Ag (0.18% CuEq) (Figures 3 & 5).
- Holes AXE-24-008, 010, and 012 drilled at the South and Mid Zones tested the western flanks of these zones and intersected higher grade intervals within lower grade envelopes, expanding the footprint of mineralization in these areas.
- When combined with the new Adit intercepts, Kodiak has intersected copper mineralization in over two kilometres of north-south strike from the South Zone to the Adit Zone(Figures 2, 4, 5).
- Results to date suggest the Adit, South, Mid and 1516 Zones are part of a larger near surface porphyry system covering three kilometres of strike and straddling the Summer’s Creek fault. Kodiak’s future drilling in this area will continue to target shallow copper within coincident copper-in-soils and a broad 3D induced polarization (3D IP) chargeability anomaly (Figure 2).
Claudia Tornquist, President and CEO of Kodiak said, “The results from the two latest drill holes at the Adit Zone are important as they show that this near-surface high-grade zone is significantly larger than previously known. Drilling to date has extended Adit to a length of 500 metres and it is still open in multiple directions. Our last hole this year at the Adit Zone, hole 15, turned out to be a real cliff hanger and we will definitely drill this area further. Our 2024 exploration program, including our regional work is now complete and we are looking forward to more results in 2025.”
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