Kodiak Copper Corp. (TSX-V:KDK) has said it is mobilizing staff to the MPD copper-gold porphyry project in Southern British Columbia to start the 2023 Exploration Program on its 100% owned project.
In a statement, Claudia Tornquist, president and CEO of Kodiak commented: "I am looking forward to embarking on another significant drill and exploration program in 2023 to further unlock the potential of the large, multi-centered porphyry system at MPD.
“We will replicate the successful approach that led to our initial Gate Zone discovery at several other high-priority drill targets this year, with an aim toward making further high-grade discoveries. I am particularly proud of the many new target areas generated by Kodiak's team through our regional exploration work which highlight the exceptional opportunities at the MPD Project," she added.
READ: Kodiak Copper unveils plans for 2023 exploration program on its 100%-owned MPD copper-gold porphyry project
2023 Exploration Program Highlights:
- Plans for 2023 include up to 25,000 metres of drilling in multiple target areas, with the goal of discovering one or several new high-grade porphyry centres.
- 18 prospective target areas have been identified at MPD to date, which will be advanced in 2023.
- Targets for porphyry-related copper-gold mineralization which have been prioritized for drilling include the Man, 1516, South and West zones.
- Further work is planned at the high-grade gold-silver Beyer discovery, including trenching and shallow drilling.
- Drilling operations will commence when site conditions permit, and initial work will include relogging of historic core, establishing property access and drill site preparations.
- A 25-line kilometre 3D Induced Polarization survey and a geochemical survey with 1500 soil samples will advance newer target areas such as Blue, Sky and Eclipse to drill-readiness.
MPD is a large, consolidated land package of 147 square kilometres expanding to 226 square kilometres post new claims acquisition, in the southern Quesnel Terrane, British Columbia's primary copper-gold producing belt. It is situated between the communities of Merritt and Princeton and near several operating mines, with year-round accessibility and excellent infrastructure nearby.
Following Kodiak's Gate Zone discovery in 2020, ongoing drill programs in 2021 and 2022 have significantly expanded the size and depth of known mineralization at the Gate Zone. Most of the copper-gold porphyry targets on the MPD property have yet to be drilled by Kodiak and the 2023 exploration program will prioritize drilling of these additional high-priority copper-gold porphyry targets across the property.
The company has a multi-year, area-based exploration permit that authorizes new drill sites and expanded exploration activity across the MPD property to 2026.
Kodiak, which is focused on its 100% owned copper porphyry projects in Canada and the USA, also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the world-class Bagdad mine.
Kodiak's porphyry projects have both been historically drilled and present known mineral discoveries with the potential to hold large-scale deposits.
Kodiak's founder and chairman is Chris Taylor who is well-known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery Group, one of Canada's leading exploration organizations.
Contact the author at jon.hopkins@proactiveinvestors.com