Kodiak Announces 2026 Exploration Plans and Drill Targets for the MPD Copper-Gold Project
Kodiak Announces 2026 Exploration Plans and
Drill Targets for the MPD Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - April 9, 2026) - Kodiak Copper Corp. (TSXV: KDK)
(OTCQX: KDKCF) (FSE: 5DD1) (the "
Company
" or "
Kodiak
") today provides guidance on the 2026
exploration program at its 100% owned MPD copper-gold porphyry project in southern British Columbia.
Highlights
Kodiak's
2026 exploration program is planned to commence in April
and will include a
substantial drill program
complemented by geophysical surveys, soil sampling,
prospecting and mapping
.
Drilling will focus on
growing the recent Initial Mineral Resource Estimate
(MRE) and will also
test
several prospective exploration targets with the potential for new discoveries.
Kodiak has identified
opportunities to expand all seven deposits in the MRE,
including
potential extensions beyond the current mineralized zones
and
gaps within the MRE
models
.
Drilling will
start at the Ketchan deposit
and we expect that
most of the seven deposits will
be drilled in 2026
, with drill metre allocation guided and refined based on ongoing results.
The
growth potential of the Ketchan
(Figures 1, 2 & 3),
Adit
(Figures 1 & 4) and
Dillard
(Figures 1
& 5) deposits is provided below.
The drill program is anticipated to
total 6,500 metres, with scope for expansion as the
program progresses
.
Kodiak has also
identified 16 new exploration targets at MPD,
including historical showings on
recently acquired claims, prospects from 2025 regional exploration program and Areas of Interest
generated by VRIFY Artificial Intelligence (AI) assisted targeting.
To date, the
total number of prospective targets identified for follow-up is now 36,
highlighting the
continued exploration upside and discovery potential
on the MPD Project.
Kodiak plans to
advance or
drill several of these compelling targets in 2026, including the
Dillard East, Star and Tau
targets presented in this news release (Figures 1, 6 & 7).
Claudia Tornquist, President and CEO of Kodiak said, "We are looking forward to the start of our 2026
exploration program at MPD. Building on the success of previous campaigns, we see substantial upside
across several of our deposits and the opportunity to meaningfully expand our maiden Resource. At the
same time, we are excited about the numerous high-quality targets across the project that remain
untested and offer compelling discovery potential. With a clear path to both resource growth and new
discoveries, we are well positioned to unlock significant value as we execute on this highly impactful
exploration program with the aim to meaningfully grow the scale of the project."
Figure 1: 2026 Target Location Map - MPD Project, Southern BC
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Ketchan Deposit - Expansion Potential
The Ketchan deposit consists of
two lobes that are defined over a total length of
approximately 1.4 kilometres
. The deposit was developed entirely using historic drilling by
previous operators and will be drilled for the first time by Kodiak in 2026.
Mineralization
was noted in holes
well beyond the extent of the MRE
, however not all holes
could be included due to
insufficient drill hole density
.
In addition,
Kodiak's 2025 regional exploration confirmed a well-defined copper-in-soil
anomaly along more than two kilometres of strike length, significantly beyond the current
limits of the MRE
(see
news release February 24, 2026
).
A priority area for potential expansion is to the southeast of the MRE
where historic drilling at
surface intersected substantial mineralization approximately 400 metres from the current
deposit
(Figure 2 & 3).
The
gap between the north and south lobes also has limited drilling and is highlighted by
anomalous rock and copper-in-soil results
.
Data from numerous rock samples, soil samples, 3D - Induced Polarization surveys, geology and
drilling suggest the deposit
can also be expanded in multiple other areas
.
Figure 2:
Ketchan Deposit Long-Section
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Figure 3: Ketchan Deposit - Target Areas for Resource Expansion
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Adit Deposit - Expansion Potential
Multiple data sets (drilling, soil, geophysics) suggest there is
potential to extend the Adit
deposit to the north and west.
200 metres north of the MRE, two holes drilled by Kodiak intersected mineralization
in an
area with very limited drill testing (see
news release November 19, 2024
).
One of the Kodiak
holes was drilled towards a VRIFY AI Area of Interest (AOI)
to the west of
the Adit deposit. The AOI is
also associated with a moderate copper-in-soil anomaly
. The drill
hole
intersected four metres of 0.64% Cu and 0.14g/t Au at the end of the hole before the
hole was lost
.
A
coincident copper-in-soil anomaly and 3D - Induced Polarization chargeability anomaly
located to the northeast of the Adit deposit is also a priority area for follow-up. The anomaly
extends 400 metres to the north of the deposit,
and results from a 2024 drill hole confirm
mineralization is present in the area.
Figure 4: Adit Deposit Target Areas for Resource Expansion
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Dillard Deposit - Expansion Potential
The Dillard area is associated with a
large mineralization envelope
that has been drilled over an
area of 1 km
2
,
extending well beyond the currently defined deposit
(Figure 4).
Drill hole density is low and there are
numerous areas where soil, rock and geophysical data
suggest the deposit could be extended
.
Areas
to the west and east of Dillard
are the most prospective, however gaps internal to the
deposit also have potential.
Of particular interest is the west side of the deposit where rock samples have returned assay
values ranging from
0.4% Cu to 0.8% Cu.
These samples are also associated with copper-in-soil
and chargeability anomalies, both of which are located well outside the current edge of the deposit.
Figure 5: Dillard Deposit Target Areas for Resource Expansion
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Dillard East and Star Exploration Targets
Kodiak has identified
several large
3D - Induced Polarization (
3D-IP) chargeability features
at
both the Dillard East and Star target areas (Figure 6).
A two-kilometre-long northeast trending chargeability high
transects the large circular
copper-in soil signatures that characterise both the Dillard East and Star targets (Figure 6)
In addition to the soil and 3D-IP anomalies, the targets are associated with at least
20
prospecting samples taken by Kodiak assaying >0.3% copper and/or >0.5 g/t gold
.
Similarly, a second, one-kilometre-long 3D-IP response can be seen on the southeast flank of
large circular copper-in-soil geochemical signature at Dillard East.
The Dillard East and Star targets
have not yet been drilled by Kodiak
.
Figure 6: Dillard East & Star Drill Targets
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Tau Drill Target
The Tau target,
which is located along trend of the South deposit
, is associated with a
copper-in-soil anomaly in an area where outcrop is limited (Figure 7).
A
prominent VRIFY AI Area of Interes
t is also coincident with the Tau soil anomaly.
The target has never been drill tested.
Further geophysics is planned in anticipation of drilling
in 2026.
Figure 7: Tau Drill Target
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Dave Skelton, P.Geo., Vice President Exploration and a Qualified Person as defined by National
Instrument 43-101, has approved and verified the technical information in this news release. The
company has not independently validated the historical results referenced herein, therefore the reader is
cautioned about the accuracy of the data.
On behalf of the Board of Directors
Kodiak Copper Corp.
Claudia Tornquist
President & CEO
For further information contact:
Nancy Curry, VP Corporate Development