Kodiak Regional Exploration Results Highlight Further Targets at MPD Copper-Gold Project
Kodiak Regional Exploration Results Highlight
Further Targets at MPD Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - February 6, 2025) - Kodiak Copper Corp. (TSXV: KDK)
(OTCQB: KDKCF) (FSE: 5DD1) (the "
Company
" or "
Kodiak
") today reports results from soil
geochemical, geophysical, prospecting and drilling from the 2024 exploration program on its 100%
owned MPD copper-gold porphyry project in southern British Columbia. These results are from the
northern and southern parts of the MPD property and further results from the newly acquired Aspen
Grove claims in the northwest (
see September 16, 2024, news release
) will be released shortly.
Highlights
Kodiak's 2024 regional exploration program confirms that the
Dillard East and Star target areas
have significant copper-gold porphyry mineralization potential
with new corroborating
results from rock, soil and 3D Induced Polarization (3D-IP) surveys. These target areas have
not
yet been drill tested by Kodiak. Figure 1
3D-IP responses at Dillard East and Star are adjacent to, and on the flanks of significant
kilometre-scale copper-in-soil anomalies,
which also host prospecting results with porphyry-
related copper and gold mineralization.
Figures 2, 3 and 4
Prospecting in 2024 discovered copper-gold-silver mineralized outcrops in two new
areas
at MPD (Dry Creek, Northstar),
further highlighting the discovery potential across the
entire MPD property.
Figures 1 and 4
The best grab sample from this year's prospecting program
assayed 1.07 % Cu, 0.05 g/t Au and
7.0 g/t Ag
Kodiak's 2024 Regional Exploration Program included the collection of
2,020 soil samples, 65
rock samples, a 3D-IP survey over seven square kilometres
, geological and geotechnical
studies
Kodiak completed 9,252 metres of drilling in 25 holes in seven target areas in 2024
.
Results from the final six holes of the 2024 drill program are reported herein.
The Company is incorporating all
2024 exploration results into VRIFY's predictive AI
modelling, thereby updating targets and identifying new ones for follow-up in 2025.
Claudia Tornquist, President and CEO of Kodiak said, "Today's results from our regional exploration
work once again highlight the prospectivity of our MPD project by adding two new targets and upgrading
existing targets across the property. While the definition of a maiden resource estimate for MPD is an
important focus for Kodiak in 2025, we also plan to drill further targets this year with the aim to make the
next discovery. We are particularly excited about the exploration potential on the new Aspen Grove
claims that we acquired in September and will be able to share an update regarding that portion of our
property soon."
Figure 1:
Project Areas and Exploration Targets discussed in this release - MPD Project, Southern
BC
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/239781_265d49ea84db5a25_002full.jpg
2024 Soil Geochemical Surveys
Highlights
Metallic anomalies were present in all soil geochemical grids surveyed in 2024.
This work
will help identify, characterize and prioritise target areas for additional follow-up.
The largest soil grid in 2024 covered
over seven square kilometres of prospective geology in
the Dillard East target area
.
Figure 2
New soil results confirm and enhance a broad, circular kilometre-scale copper-in-soil
anomaly at Dillard East and coincide with new 3D-IP chargeability signatures
.
Figures 2
and 3
Results from the 2024 geochemical survey have upgraded the large Dillard East target, an
area
not yet drilled by Kodiak
.
The 2024 soil geochemical surveying was comprised of
2,020 samples collected on eight grids
targeting prospective areas across the MPD Project (see Figure 4)
. Of the total, 1,579 samples
were collected on the central part of the project, 305 in the southern part and the remaining 136 at
various sites on the newly acquired Aspen Grove claims. The 1,884 samples taken from MPD North and
MPD South are discussed herein. Samples of "B" horizon subsoil (300 to 500 grams) were collected at
a nominal spacing of 50 metres along lines 100 metres apart.
Anomalous copper values up to 1,500 ppm and gold values up to 0.520 ppm were returned
from the 2024 soil sampling
. With grids separated by up to 20 kilometres on the project area,
percentile analysis was divided by claim blocks to account for differences in topography and overburden
characteristics. Result thresholds and percentiles are included as
Table 1
.
Table 1: 2024 Soil Geochemical Sampling - Value Ranges and Anomalous Thresholds for
Copper-Gold-Silver.
Percentile
Cu
(ppm)
n*
Percentile
Au
(ppm)
n*
Percentile
Ag
(ppm)
n*
MPD North
75
56.3
296
75
0.004
421
75
0.20
267
90
103.3
163
90
0.007
191
90
0.31
101
95
160.55
101
95
0.012
93
95
0.40
41
98
291.4
61
98
0.023
34
98
0.58
21
Min
10.1
Min
0.0001
Min
0.013
Max
1550
Max
0.521
Max
4.17
Mean
58.61
Mean
0.005
Mean
0.17
MPD South
75
34.40
21
75
0.002
30
75
0.13
15
90
54.80
13
90
0.003
12
90
0.18
4
95
84.18
7
95
0.005
5
95
0.23
2
98
147.14
5
98
0.008
1
98
0.33
0
Min
9.37
Min
0.000
Min
0.01
Max
421.00
Max
0.274
Max
0.67
Mean
35.50
Mean
0.002
Mean
0.11
*Number of samples
Figure 2:
2024 Copper-in-soil results confirming historic geochemistry and past prospecting results at
the Dillard East target area.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/239781_265d49ea84db5a25_003full.jpg
Figure 3:
2024 3D-IP Survey chargeability depth slice at 250 metres. New survey shows kilometre
scale IP anomalies that coincide with copper-in-soil and prospecting results at Dillard East and Star
target areas
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/239781_265d49ea84db5a25_004full.jpg
2024 3D Induced Polarization (3D-IP) Survey
Highlights
The 2024 3D-IP data identified several large chargeability highs at both the Dillard East
and Star target areas.
A two-kilometre-long northeast trending chargeability high
transects the large circular
copper-in soil signatures that characterise the Dillard East and Star targets.
Figure 3
At least 20 prospecting samples taken by Kodiak assay >0.3% copper and/or >0.5 g/t gold
and are coincident with this new chargeability trend,
as well as the large geochemical
anomaly at Dillard East and Star.
A second one-kilometre-long 3D-IP response in the southeast corner of the survey
similarly flanks the large circular copper geochemical signature
at Dillard East
.
Figure 3
The Dillard East and Star targets have not yet been drilled by Kodiak,
and the
complementary soil, geophysical and prospecting results make this a priority for follow-up in 2025.
Kodiak contracted SJ Geophysics Ltd. to conduct a DC Resistivity/Induced Polarization (3D-IP) survey
on the MPD Project in 2024. The 2024 3D-IP survey expanded upon survey areas completed in prior
years and consisted of
108 grid line kilometres, oriented east-west and covering over seven
square kilometres.
The survey focused on assessing VRIFY AI Areas of Interest and
corroborating prospecting results found in the Dillard East and Star target areas.
Based on the
survey configuration, the 3D-IP survey data is interpreted to a depth of at least 700 metres. The work
also included a simultaneous magneto telluric (MT) survey. The benefit of the MT survey is deep
penetration which can assist interpreting drill targets below the 3D-IP response.
2024 Prospecting Results
Highlights
Prospecting in 2024 discovered copper-gold-silver mineralization in several new areas.
Figure 4
The best sample in 2024 assayed 1.07 % Cu, 0.05 g/t Au and 7.0 g/t Ag
(sample 222175)
from mineralized veins in monzonite host rock, near the centre of the property midway between the
Blue and Star targets.
Mineralized breccia at the north end of MPD near the Northstar target assayed
0.45% Cu, 0.01 g/t
Au and 3.5 g/t Ag
(sample 222174).
The best series of samples on MPD South were from a new target called
Dry Creek,
at the south
end of the claims in a prospective area identified by Cominco in the 1980's. The
best grab
sample from Dry Creek assayed 0.62% Cu, 0.11 g/t Au and 1.9 g/t Ag
related to felsic rocks
in an area of quartz monzonite intrusions (sample 222198).
Samples collected near the drill-proven
South Zone
continue to delineate mineralized monzonite
intrusions with the best sample assaying
0.50% Cu, 0.11 g/t Au and 1.9 g/t Ag
(sample 222951).
The Company collected a total of
67 rock samples from prospecting traverses in 2024
. Twenty-nine
of these were from MPD North and MPD South , and the remainder were collected on the newly
acquired Aspen Grove claims. The samples from the MPD North and MPD South claims are reported
herein and
continue to demonstrate significant copper porphyry mineralization
(with associated
gold and silver). More follow-up is planned in 2025. Select highlight assays from prospecting in 2024 are
included in
Table 2 and Figure 4
.
Table 2: 2024 Prospecting Result Highlights
Sample
Easting
Northing
Prospect
Cu (%)
Au (g/t)
Ag (g/t)
Host Rock Type
MPD North
222175
684628
5512396
Star
1.07
0.05
7.0
vein
222174
684867
5515723
Northstar
0.45
0.01
3.5
monzonite
breccia
MPD South
222198
680902
5498272
Dry Creek
0.62
0.07
4.1
rhyolite
222951
678745
5501382
South Zone
0.50
0.11
1.9
monzonite
222196
681229
5498143
Dry Creek
0.39
0.10
12.4
quartz
monzonite
222302
680964
5498695
Dry Creek
0.24
0.10
2.6
quartz
monzonite
222182
677340
5502810
South Zone
0.18
0.29
1.1
monzonite
Figure 4:
MPD Project showing location of significant copper (green squares) and gold (yellow
squares) results from Kodiak's prospecting programs (including 2024)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/239781_265d49ea84db5a25_005full.jpg
2024 Drilling - Blue Zone
Drilling at the Blue target area in 2024 focussed on a kilometre-scale area with broad discontinuous
copper-in-soil signatures and nearby rock samples hosting significant copper-gold-silver. This target
was supported by a 2023 3D-IP response to 700 metres depth (see News Release May 8, 2024).
All drill holes completed at the Blue target intersected discontinuous zones of breccia and
mafic intrusions, some weakly mineralized along contacts or in fracture zones.
No significant
results were reported from assays.
The 2024 drill program at MPD was comprised of 9,252 metres in 25 holes which evaluated seven
targets and/or zones. All results from the 2024 drill program have now been reported.
Table 2:
2024 MPD Drill Collar Information
Hole ID
Easting (UTM
Z10)
Northing (UTM
Z10)
Elevation (m)
Azimuth
(degrees)
Dip (degrees)
EOH (m)
Target
Reported
MPD-24-005
684200
5511298
1597
140
-65
29.3
Blue*
2025-01-30
MPD-24-006
684200
5511298
1597
140
-65
641
Blue*
2025-01-30
MPD-24-007
684286
5511521
1614
90
-50
79
Blue*
2025-01-30
MPD-24-008
684286
5511521
1614
90
-60
357
Blue*
2025-01-30
MPD-24-009
684252
5510881
1601
23
-50
488
Blue*
2025-01-30
MPD-24-010
684331
5510575
1574
145
-50
401
Blue*
2025-01-30
* Drill hole had no significant assays or did not warrant assaying at this time.
MPD is a large land package (338 square kilometres) located near several operating mines in the
southern Quesnel Terrane, British Columbia's primary copper-gold producing belt. The project is located
between the towns of Merritt and Princeton, with year-round accessibility and excellent infrastructure
nearby.
QA/QC Procedures
All core, rock and soil samples were sent to ALS Canada Ltd. (ALS) in North Vancouver, BC for
preparation and analysis. ALS meets all requirements of International Standards ISO/IEC 17025:2005
and ISO 9001:2015 for analytical procedures. HQ and NQ size core was split and sampled over
approximately 1.5 to 3.0 metre intervals depending on core size. Core and rock samples were analyzed
using ALS's Fire Assay Fusion method (Au-AA24) with an AA finish for gold and by 48 element four acid
digest ICP-AES analysis (MS61) with additional analyses for Ore Grade Elements (ME-OG62) and Ore
Grade Cu (Cu-OG62). Soil samples were analyzed using ALS's AuME-ST43 Super Trace Au + Multi
Element package. Results were reported in parts per million (ppm) and converted to percent (%), grams
per tonne (g/t) or parts per billion (ppb) when applicable. In addition to ALS Laboratory quality assurance
/ quality control (QA/QC) protocols, Kodiak implements an internal QA/QC program that includes the
insertion of sample blanks, duplicates, and standards in the field.
Technical information and quality assurance with respect to geophysical data in this news release was
provided by SJ Geophysics Ltd. Data was collected using the Direct Current Resistivity, Induced
Polarization ("DCIP") method, using a 5-line acquisition set, based on two receiver lines (Rc) and three
adjacent transmitting lines (Tx), with a line spacing of 100 metres. The dipoles were 100 metre inline and
100 metre crosslines resulting in an effective dipole size of 141 metres. The 3D-IP data was acquired
with currents injected every 50 metres along each of the transmitting lines. Calculated geophysical
parameters were provided in an ASCII format, brought into Geosoft's Oasis Montaj platform, and
unconstrained 3D inversions of the apparent resistivity and chargeability data were produced using the
UBC-GIF DCIP3D inversion codes. Digital maps provided 2D sections and plan maps of the inverted
3D models.