Kodiak Copper Corp. (TSX-V:KDK) said it has employed a second drill at its 100%-owned MPD copper-gold porphyry project in Southern British Columbia as it conducts a fully funded drill program of up to 25,000 metres in 2023, focusing mainly on targets not previously drilled.
The second drill is now testing a target from surface to a depth of 600 metres extending below shallow historic copper and gold mineralization of the Man Zone in the northern part of the MPD property, the company said, adding that drilling also continues at the West Zone target in the MPD South area where new drill holes have intersected porphyry mineralization and sulphides.
MPD, a 226 square kilometre land package located near several operating mines in the southern Quesnel Terrane, British Columbia's primary copper-gold producing belt, is located between the towns of Merritt and Princeton.
"Our 2023 drill program replicates the approach that led to our Gate Zone discovery on a suite of compelling new targets, with the aim to discover further high-grade porphyry centres and demonstrate the district-scale potential of the MPD project,” Claudia Tornquist, president and CEO of Kodiak said in a statement.
“We are encouraged by our progress to date and have now added a second drill rig to accelerate the program and test several targets in parallel. I am looking forward to the first batch of drill results from this year's drill program which we expect in July," she added.
MPD is Kodiak’s most advanced asset and has all the hallmarks of a large, multi-centered porphyry system.
Contact the author at jon.hopkins@proactiveinvestors.com