Kodiak Copper Corp has reported additional results from the recently completed 2022 drill program of more than 26,000 meters at its MPD copper-gold porphyry project in British Columbia.
The new assay results extend the Prime mineralized envelope from bedrock surface to a depth of 780 meters, confirm the continuity of mineralization within the Prime and Gate zones and demonstrate the potential to expand copper-gold mineralization at depth and outward from Gate, the company said.
"These results provide further proof of the extensive mineralized envelope associated with the Gate/Prime porphyry system which continues to grow and show strong continuity of mineralization,” CEO Claudia Tornquist said.
READ: Kodiak Copper to build on major 2022 drill program at MPD project this year, says CEO
“With copper prices rallying and long-term fundamental as strong as ever, there couldn't be a better time to advance a copper porphyry project, particularly one located in a safe jurisdiction and an established mining district with existing infrastructure like Kodiak's MPD project,” Tornquist added.
Results to date have confirmed porphyry-related alteration and copper-gold-silver mineralization at Prime with 200 meters width and 400 meters of strike, which has now been extended to 780 meters.
Specifically, hole MPD-22-018 intersected both the Prime zone in the near-surface and the Gate zone at depth. The Gate zone portion intersected 177 meters of 0.32% copper, 0.11 grams per ton of gold and 1.13 g/t silver (0.41% copper equivalents), within 358 meters of 0.25% copper, 0.08 g/t gold and 0.82 g/t silver (0.31% copper equivalents).
The upper Prime Zone intercept returned 156 meters of 0.14 % copper, 0.10 g/t gold and 1.03 g/t silver (0.22% copper equivalents). A full breakdown of the results can be found here.
Looking ahead, preparations are underway for another “substantial” drill program in 2023, which the company said will kick off later in the first quarter. The program is expected to test several prospective targets at MPD such as the Dillard, Man, Blue, 1516 and Beyer zones.
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.
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