Kodiak Copper Corp. (the “Company” or “Kodiak”) (TSX-V: KDK, OTCQB: KDKCF, Frankfurt: 5DD1) today reports the first part of its initial Mineral Resource estimate at the Company’s 100%-owned MPD copper-gold project in southern British Columbia, which comprises four of seven mineralized zones.
Highlights
- Sizable copper- gold initial Mineral Resource estimate (“MRE”) delineated for four of seven mineralized zones outlined to date at MPD: Gate, Ketchan, Man and Dillard. Figure 1
- Indicated Mineral Resource: 56.4 million tonnes (Mt) grading 0.42% copper equivalent (CuEq) for 385 million pounds (Mlb) of copper (Cu) and 0.25 million ounces (Moz) of gold (Au). Table 1
- Inferred Mineral Resource: 240.7 million tonnes (Mt) grading 0.33% copper equivalent (CuEq) for 1,291 million pounds (Mlb) of copper (Cu) and 0.96 million ounces (Moz) of gold (Au). Table 1
- The MRE is defined using open pit design shells to constrain the Resource models and a cut-off grade of 0.2% CuEq. Sensitivity cases using lower cut-of gradeshave significantly higher tonnages and metal contents. Table 2
- Mineralization remains open for expansion within and beyond the MRE pit shells, in multiple directions and at depth.
- The full MRE for MPD is planned for completion in Q4 with the addition of three further mineralized zones (West, Adit and South), where confirmation and infill drilling is currently under way as part of the Company’s 2025 exploration program
- The higher-grade, near surface mineralization identified at the West, Adit and South zones has the potential to make an important contribution to the full MRE. Figure 1
Webinar: Thursday, June 26th @ 9:00am PT (register here)
Join President & CEO Claudia Tornquist and Chairman Chris Taylor as they discuss the
Initial Mineral Resource Estimate for Kodiak Copper’s MPD Project
Claudia Tornquist, President and CEO of Kodiak said, “The initial Resource estimate for MPD is an important strategic milestone for Kodiak and marks the culmination of six years of systematic exploration and district consolidation. The estimate released today is for only four of the seven mineralized zones that will form the full Mineral Resource estimate for MPD but it already shows the considerable scale and potential of the project. We are currently drilling the remaining three mineralized zones and plan to incorporate the results into the full Mineral Resource estimate for MPD by the end of this year. I am looking forward to the next stage in MPD’s development as we progress towards economic evaluation.”
Chris Taylor, Chairman of Kodiak said, “I’ve had the vision right from the start that MPD’s rich mineral endowment holds the potential for a major mine in British Columbia and our initial Resource estimate clearly demonstrates this. We expect to grow this Resource estimate substantially with the inclusion of the remaining zones later this year. It is also worth noting that our sensitivity analysis shows a significant increase in tonnage and metal content when using a lower cut-off grade of 0.12% copper equivalent, which is comparable to mines in the area. I consider this initial Resource estimate a starting point for future growth, as most of our zones remain open to extension, and our work to date has identified more than 20 additional copper and gold occurrences and targets.”
Figure 1: MPD Project -location map and Mineral Resources/mineralized zones
Continue at Kodiak Copper
