Kodiak Copper Corp. (TSX-V:KDK) CEO Claudia Tornquist has released a letter to shareholders, highlighting the company’s biggest exploration program to date in 2022.
The program included more than 26,000 meters of drilling completed in 41 drill holes at the company’s MPD project in southern British Columbia.
“The program materially increased the scale of our first discovery at the Gate Zone and generated two new discoveries, but by no means are we close to being done,” Tornquist said. “... With a lot more discovery potential to be unlocked we will continue our disciplined and systematic approach to exploration and look forward to another large exploration program in 2023 to generate more copper and gold discoveries and reveal MPD's true mineral potential."
READ: Kodiak Copper eyes another 'sizeable' exploration program next year after completing largest program to date at MPD
Tornquist continued: “MPD has all the hallmarks of a district-scale, multi-centered porphyry system with several previously drilled targets with similar signatures to the Gate Zone yet to be tested, and multiple new targets being generated across the large 147 square kilometer property.”
MPD is a large, 147 square kilometer land package located near several operating mines in the southern Quesnel Terrane, British Columbia's primary copper-gold producing belt. It is situated between the towns of Merritt and Princeton, with year-round accessibility and excellent infrastructure nearby.
The full shareholder letter can be read here.
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