Jeff Ward, P.Geo, Vice President Exploration and the Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this release. In addition, the Company's first two holes at the Dillard target intersected better copper-gold results than any historic results reported from the Dillard area.įigure 3: 2022 Drilling at Gate and core logging at Kodiak's facility in Merritt, BC
Following Kodiak's Gate Zone discovery in 2020 a 21,750 metre drill program in 2021 significantly expanded the known mineralization at the Gate Zone to one kilometre of strike length, 350 metres width and 850 metres depth.
It is situated between the towns of Merritt and Princeton, with year-round accessibility and excellent infrastructure nearby. MPD is a large, 147 square kilometre land package located near several operating mines in the southern Quesnel Terrane, British Columbia's primary copper-gold producing belt. To view an enhanced version of this graphic, please visit: Drilling to date shows excellent correlation of conductive trends to Gate at depth and a potential link between Gate and Prime (green ovals) 3D IP and soil geochemistry will be important complementary tools for drill targeting elsewhere at MPD.įigure 1: Conductivity drape from 3D IP survey at 300 m below surface at Gate Zone. Similarly, soil geochemical surveys will follow-up new kilometre-scale copper-gold anomalies discovered in 2021 (see news release February 3, 2022). Assay results from the 2022 drilling will start being reported in late June.Ģ022 drilling will also test numerous other priority target areas, including a new one kilometre long "look-alike" 3D Induced Polarization (IP) response near Gate, and high-priority targets in the Prime, Man, Dillard and Axe areas which exhibit similar geophysical and geochemical signatures as the Gate Zone as well as shallow mineralization from historic drilling.Ī new 3D IP geophysical survey is underway that will cover 7.5 square kilometres, extending southward from the Gate Zone to the Man and Dillard target areas (see Figure 2). in North Vancouver, BC for preparation and final analysis. Drills will be redeployed or additional drills added to other priority areas as the 2022 program progresses.Ĭore samples are being shipped to ALS Canada Ltd. Both drill rigs are currently focused on extending the Gate Zone. Gate remains open in multiple directions and further drilling in 2022 will focus on extending it.ĭrilling is on schedule and the Company has completed 11 holes totalling 7,065 metres as of June 8. New drilling in 2022 at the Gate Zone has intersected prospective, sulphide-bearing, porphyritic host rock between Gate and the historic Prime Zone to the north, and to 875 metres depth at the south end of the Gate Zone (see Figure 1). Kodiak recommenced drilling at MPD in March and added a second drill rig shortly thereafter (see news release dated April 28, 2022). Plans for 2022 include up to 25,000 metres of drilling as well as 3D IP surveying and soil geochemical sampling.
Elsewhere zone one update#
(TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") today provides an update on its fully funded 2022 exploration program at its 100% owned MPD copper-gold porphyry project ("MPD") in Southern British Columbia.
Vancouver, British Columbia-(Newsfile Corp.
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