Kodiak Copper Corp. (TSX-V:KDK) has announced that drilling is to commence within the next week at its 100%-owned MPD copper-gold porphyry project in southern British Columbia.
The company said plans for 2022 include a large drill program with up to 25,000 metres (m) of drilling in several target areas, as well as further geophysical and geochemical surveying, prospecting and geotechnical studies.
"2022 promises to be another exciting year as we are embarking on a large drill program,” Kodiak president and CEO Claudia Tornquist said in a statement. “It is important to keep in mind that we are still in the early stages of unlocking the potential of what appears a large, multi-center porphyry system at MPD.
READ: Kodiak Copper identifies 'compelling' targets at MPD project from last year's surveys
The company said drilling will commence at the Gate Zone high-grade discovery, where systematic exploration has intersected porphyry mineralization over 950m in length, down to a depth of 850m and across a width of 350m to date.
It noted that the Gate Zone remains open in multiple directions and a recently conducted 3D Induced Polarization (3D IP) geophysical survey has identified high-priority drill targets for potential extensions of mineralization.
A one-kilometre long "look-alike" anomaly 600m to the southeast of the Gate Zone represents a new target of significant size that was identified in the 3D IP survey and will also be drilled, Kodiak said.
Other high-priority targets slated for drilling include Prime, Man, Dillard and Axe which Kodiak said exhibit similar regional geophysical and geochemical anomalies as the Gate Zone as well as shallow mineralization from historic drilling, and have rarely been drill tested at depth.
“Not only is there significant potential to further extend the Gate Zone but it will be very exciting to apply the successful approach from Gate to multiple other high-priority drill targets on the property as we are aiming to make further high-grade discoveries at MPD,” Tornquist continued.
Kodiak also expects further results from its 2021 drill program in the near future and in Q2 2022, for 12 holes remaining from 36 drilled over 21,675m.
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. The project is located midway between the towns of Merritt and Princeton, with year-round accessibility and excellent infrastructure nearby.
Kodiak has a multi-year, area-based exploration permit that authorizes new drill sites and expanded exploration activity across the MPD property to 2026.
Contact the author at stephen.gunnion@proactiveinvestors.com