Kodiak Copper Corp (CVE:KDK) (OTCMKTS:OCPFF) has started its fully funded phase II drill program at the MPD copper-gold porphyry project in British Columbia and expanded the project by staking a further 18.8 square kilometres of claims.
The firm said it will sink 4,000 metres of diamond drilling to follow-up the recent Gate Zone discovery, and drill test an analogous high-priority target at the Dillard Zone.
Kodiak Copper gets set for drill program to follow up on highest-grade copper-gold interval reported on MPD project
"Our first drill program ended on a high note with the discovery of the Gate Zone. Subsequent geophysical work now shows that high-grade drill intervals at Gate are on the edge of a large resistivity anomaly and interpreted porphyry centre," Claudia Tornquist, president and CEO of Kodiak told investors in a statement.
"It will be very exciting to drill-test this sizeable new anomaly and expand the mineralization at Gate further. MPD hosts many other potential drill targets across a large, 10 square kilometre area containing historic copper and gold mineralization," she added.
Kodiak has prioritized the Dillard Area as a target that certainly warrants drill testing, Tornquist noted, with the aim to test below shallow historic drilling where new geophysics has identified a large anomaly.
"We look forward to continue unlocking the value of MPD and appreciate the project's location, ease of access and nearby infrastructure, especially during these unusual times," she said.
Kodiak said its new staked claims have increased the size of the MPD property to 97.3 square kilometres.
All field work will follow the firm's health and safety plan, and appropriate protocols in accordance with Federal and BC Provincial coronavirus (COVID-19) guidelines.
Contact the author at giles@proactiveinvestors.com