Kodiak Copper Corp told investors that last year's surveys at its MPD copper-gold porphyry project in British Columbia have identified new high-priority drill targets at the Gate Zone and three new kilometre-scale copper-gold trends.
"We are very pleased with the results from our geophysics survey which has given us compelling targets that have never been drilled," said Claudia Tornquist, CEO of Kodiak in a statement. "The geophysical data indicates possible extensions of the Gate Zone, which highlights the potential to further extend the mineralization at Gate substantially. Even more exciting is the large look-alike geophysical anomaly just a short distance to the east, which represents an entirely new drill target of significant size."
"The new geophysical data correlates exceptionally well with our drill results so we now have an invaluable tool to target our drilling even more effectively. 2022 could hold a game-changing discovery as we are replicating our successful approach from the Gate Zone at other new and historic target areas like Prime, Dillard, Man and Axe, and continue to uncover a district-scale, multi-centred porphyry system at MPD," she added.
READ: Kodiak Copper prepares for transformative year as it progresses its MPD and Mohave projects
This quarter Kodiak said it will report on outstanding drill results, including from 12 holes from 36 sunk last year for over 21,000 metres (m).
Field work and drilling will also resume in Q1 and around 25,000m are earmarked to be drilled before year-end.
The 2022 program will include testing new geophysical targets from the 2021 3D IP survey and assessing the three new regional copper-gold geochemical trends central to the Gate-Man-Dillard areas, said the company.
In October last year, Kodiak contracted SJ Geophysics to carry out the first deep DC Resistivity/Induced Polarization (3DIP) survey at MPD, which comprised 19.8 line kilometres (km) covering a 1.6 x 2 km area centred on the Gate copper-gold porphyry zone and historic Prime target.
Meanwhile, at the Gate Zone, to infill missing geochemical data and verify historic soil sampling, the Kodiak collected 1,755 soil samples over a 3.5 x 2 km area extended southward covering Man, and eastward connecting to the historic Dillard soil surveys.
Also last year, Kodiak sampled three trenches in the Dillard East area and explored the broader MPD property as a whole.
MPD is a large, consolidated land package of 14,716 hectares (Ha) near several operating mines in the southern Quesnel Terrane, British Columbia's primary copper-gold producing belt.
Systematic exploration has led to the discovery of the Gate Zone where drilling hit porphyry-related mineralization along 950m of strike, to a depth of 850m, and over 350m width.
Contact the author at giles@proactiveinvestors.com