Kodiak Intersects Near-Surface High-Grade Copper and Gold at Ketchan: 0.70% CuEq over 283.5 Metres, Including 1.02% CuEq over 108 Metres
Kodiak Intersects Near-Surface High-Grade
Copper and Gold at Ketchan: 0.70% CuEq over
283.5 Metres, Including 1.02% CuEq over 108
Metres
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2026) - Kodiak Copper Corp. (TSXV:
KDK) (OTCQX: KDKCF) (FSE: 5DD1) (the "
Company
" or "
Kodiak
") announces the first drill results
received from the summer 2026 drill program at its 100% owned MPD copper-gold porphyry project in
southern British Columbia. Results received from eight holes totalling 1,665 metres drilled on the
Ketchan deposit are reported herein (Figure 1). This is Kodiak's first drill program at the Ketchan
deposit, and drilling is focused on shallow holes, targeting gaps and potential extensions.
Highlights
Results include the
best intersection ever reported at Ketchan
, returning
high-grade copper
accompanied by significant gold
in drill hole AG-26-019. Figures 2 & 3
Notable drill results include (Figures 2 & 3, Tables 1 and 2):
AG-26-019 intersected
0.56% Cu, 0.15 g/t Au and 2.02 g/t Ag (0.70% CuEq) over 283.5
metres from 37.5 metres to 321 metres
, including
a higher-grade interval of 0.83% Cu,
0.20 g/t Au and 3.20 g/t Ag (1.02% CuEq) over 108 metres from 85.5 metres to 193.5
metres
.
AG-26-009 intersected
0.31% Cu, 0.06 g/t Au and 1.38 g/t Ag (0.37% CuEq) over 94.5
metres from 46.5 metres to 141 metres
.
These drill results confirm the
presence of high-grade mineralization
at Ketchan and will
improve and expand the deposit
. All mineralized intercepts reported herein are anticipated to
contribute to
resource growth at Ketchan
.
Further results from Ketchan are expected within the coming weeks, including holes targeting a
potential southern extension of the deposit. Historical drilling intersected mineralization
400
metres south of the deposit,
and an untested
geophysical anomaly
(3D-Induced Polarization
chargeability)
stretches one kilometer further along trend
from the current deposit in an area
with coincident
anomalous copper-in-soil and surface rock sample results.
(Figure 2 & 3)
To date, 9,067 meters in 46 holes have been drilled in 2026 at the Ketchan, West and South
deposits. A total of 16,500 metres of drilling is planned, with the goal of expanding multiple
deposits, as well as testing several prospective exploration targets that have potential for new
discoveries. Drilling is expected to continue into Q4 2026.
All seven deposits in the MPD Mineral Resource Estimate (the "
MRE
") are open to expansion and
results from the 2026 drill program will contribute to an updated MRE, planned in Q1 2027.
"Our first drilling at Ketchan has delivered an excellent start to the 2026 program with a high-grade, near-
surface intersection that exceeded our expectations and represents the best hole ever drilled at this
deposit," said Claudia Tornquist, President & CEO of Kodiak Copper. "While today's results confirm the
presence of high-grade mineralization at Ketchan and fill in gaps in the resource model, drilling beyond
the northwestern and southeastern ends of the Ketchan deposit is aimed at expanding the resource
footprint. We see considerable opportunity to continue growing and upgrading this important deposit at
MPD as we continue to unlock the broader potential of MPD."
Figure 1:
MPD Project - Location Map and Mineral Deposits
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/313492_7eacfd63a41b4b36_002full.jpg
Figure 2:
Plan map showing Ketchan deposit drilling to date. New 2026 holes at Ketchan reported
herein are bold traces with assays. Bar graphs show downhole copper (green) and gold (red) values.
Background is the colour-contoured copper-in soil data.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/313492_7eacfd63a41b4b36_003full.jpg
Figure 3:
Ketchan Deposit – Holes AG-26-001 to AG-26-006, AG-26-009 & AG-26-019 Long Section
(Looking Northeast)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/313492_7eacfd63a41b4b36_004full.jpg
Ketchan Deposit Drilling
The Ketchan deposit is located on the MPD Northwest claims and is a near-surface, alkalic porphyry
copper-gold system defined by geophysics (aeromagnetics and induced polarization surveys), geology,
rock sampling, and drilling. The current drilling, Kodiak's first drill program on Ketchan, is designed to
target areas within, and adjacent to, the Mineral Resource Estimate (the "
MRE
") to grow the block
model. As such, any mineralization intersected has the potential to expand the MRE.
Kodiak's initial drill holes at Ketchan (AG-26-001 to AG-26-004) targeted the northwestern node of the
deposit with the objective of expanding the MRE. Holes AG-26-005, AG-26-006, AG-26-009 and AG-
26-019 were drilled as infill holes within the main body of the Ketchan deposit where tighter drill spacing
was required (Figure 2 and 3).
Drill hole AG-26-019 returned the best result drilled at Ketchan to-date.
A significant mineralized zone
characterized by potassic alteration was intersected between 37.5 metres and 321 metres, with a
higher-grade hydrothermal breccia portion present between 85.5 metres and 193.5 metres (Figure 4).
This drill hole is centrally located within the MRE and, together with the other mineralized intersections
reported in holes AG-26-003, 004, 005 and 006, is expected to extend and upgrade the MRE.
Figure 4 –
High-Grade hydrothermal breccia zone from AG-26-019. The sample is from 145.5-147m
and returned
assay values of 3.14% Cu and 0.5 g/t Au
. Darker spots noted in the image are
sulphides consisting of bornite, chalcopyrite and pyrite, and the lighter pinkish areas represent potassic
alteration in the hydrothermal system.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/313492_7eacfd63a41b4b36_005full.jpg
Table 1:
2026 Ketchan Deposit Weighted Assay Intervals for holes AG-26-001 to AG-26-006, AG-26-
009 & AG-26-019 (see Figures 2 & 3).
Hole
From
To
Int (m)**
Cu %
Au g/t
Ag g/t
CuEq*
AG-26-019
37.5
321
283.5
0.56
0.15
2.02
0.70
includes
85.5
193.5
108
0.83
0.2
3.2
1.02
AG-26-009
46.5
251
204.5
0.20
0.06
0.87
0.25
includes
66.6
133.7
67.1
0.41
0.07
1.77
0.47
AG-26-006
39
117.6
78.6
0.15
0.08
0.84
0.21
AG-26-005
26.4
87
60.6
0.16
0.06
0.73
0.22
AG-26-004
24
32.1
8.1
0.18
0.65
0.6
0.69
AG-26-003
16.5
46.9
30.4
0.46
0.14
0.9
0.58
AG-26-002
No significant assays
AG-26-001
No significant assays
*Copper equivalent grades (%CuEq) are for comparative purposes only to express the combined abundance of copper, gold, and silver.
Metallurgical recovery is assumed as 82% for copper, 60% for gold and 54% for silver as determined by Kodiak metallurgical testing as stated in
the Mineral Resource Estimate (see News Release June 25, 2025). Metal prices used in calculations are: US$4.75/lb copper, US3,500/oz gold,
and US40/oz silver, using the formula: CuEq = Cu(%) + Au(g/t) x 0.7863 + Ag(g/t) x 0.0081
**Intervals are downhole drilled core intervals. Drilling data to date is insufficient to determine true width of mineralization.
Table 2:
2026 Ketchan Deposit Drill Collar Information
Hole ID
Easting
(UTM Z10)
Northing
(UTM Z10)
Elevation
(m)
Azimuth
(degrees)
Dip
(degrees)
EOH
(m)
Reported
AG-26-001
676139
5517404
1329
290.
-55
120
2026-09-09
AG-26-002
676140
5517404
1329
350
-50
155
2026-09-09
AG-26-003
676085
5517374
1314
290
-45
205
2026-09-09
AG-26-004
676085
5517374
1314
145
-50
120
2026-09-09
AG-26-005
676050
5517015
1318
360
-50
153
2026-09-09
AG-26-006
676050
5517015
1318
90
-55
252
2026-09-09
AG-26-009
676273
5516895
1369
270
-60
300
2026-09-09
AG-26-019
676410
5516700
1378
240
-82
360
2026-09-09
Sampling, Laboratory Analyses and QA/QC Procedures
All core samples are delivered to accredited laboratory Activation Laboratories Ltd. (Actlabs)
Kamloops, BC, for preparation and Fire Assay prior to being shipped to their Ancaster, Ontario
Laboratory for Multi-element analysis. The maximum standard sample interval is 1.5 metres for HQ sized
core and 3 metres for NQ sized core, with shorter intervals dictated by geological considerations.
The
samples are analyzed for gold by fire assay fusion with an AA finish. If samples return gold values over
10ppm, samples are reanalysed by fire assay with gravimetric finish. Samples then undergo four acid
digestion and ICP-OES and ICP-MS analysis for 48 elements. Samples that return copper values above
10,000 ppm are further analysed using a "near-total" digestion, ICP-OES package. Actlabs meets all
requirements of International Standards ISO/IEC 17025:2015 and ISO 9001:2015 for analytical
procedures. In addition to Actlabs quality assurance-quality control (QA/QC) protocols, Kodiak
implements an internal QA/QC program that includes the insertion of sample blanks, duplicates, and
certified reference materials, at a rate of one per ten samples.
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 component of the soil 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
+1 (604) 646-8362
About Kodiak Copper Corp.
Kodiak is focused on advancing the 100% owned MPD copper-gold porphyry project in the prolific
Quesnel Terrane in south-central British Columbia, Canada, an established mining region with producing
mines and excellent infrastructure. MPD exhibits all the hallmarks of a large, multi-centered porphyry
district with the potential for future economic development. The initial Mineral Resource Estimate
published in 2025 outlines seven substantial deposits and underscores the scale and potential of the
project. All known deposits remain open to expansion, and numerous targets across the property have
yet to be tested. Kodiak continues to systematically explore MPD's district-scale potential with the goal
of delivering new discoveries and building further critical mass toward being the region's next mine. The
Company also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the
world-class Bagdad mine.
Kodiak's founder and Chairman is Chris Taylor who is well-known for his gold discovery success with
Great Bear Resources. Kodiak is also part of Discovery Group™ led by John Robins, one of the most
successful mining entrepreneurs in Canada.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statement (Safe Harbor Statement): This press release contains forward-looking
statements within the meaning of applicable securities laws.
The use of any of the words "anticipate",
"plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict",
"potential" and similar expressions are intended to identify forward-looking statements.
In particular,
this press release contains forward-looking statements concerning the Company's exploration plans.
Although the Company believes that the expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be placed on the forward-looking
statements because the Company cannot give any assurance that they will prove correct.
Since
forward-looking statements address future events and conditions, they involve inherent assumptions,
risks and uncertainties.
Actual results could differ materially from those currently anticipated due to a
number of assumptions, factors and risks.
These assumptions and risks include, but are not limited
to, assumptions and risks associated with conditions in the equity financing markets, and
assumptions and risks regarding receipt of regulatory and shareholder approvals.
Management has provided the above summary of risks and assumptions related to forward-looking
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The Company's actual results, performance or achievement
could differ materially from those expressed in, or implied by, these forward-looking statements and,
accordingly, no assurance can be given that any of the events anticipated by the forward-looking
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