It’s not often one comes across a ground floor investment opportunity where a high-profile management team meets timing and opportunity during a raging bull market in commodities.
Kodiak Copper Corp (TSXV:KDK, OTC:KDKCF), aptly named to represent the great bear native to the mountains of B.C. was founded by Chairman Chris Taylor, also a founder of Great Bear Resources, valued today at $780 million.
Kodiak is part of the prestigious Discovery Group, giving them unparalleled access to an alliance of resource-based public companies collectively working on over twenty projects from grassroots exploration to mine development in Canada, the US and Latin America. In the last 12 months Discovery Group companies have raised in excess of $200 million in equity.
Chris Taylor is at it again, teaming up with former GM of Rio Tinto and now President and CEO of Kodiak, Claudia Tornquist.
Mr. Taylor’s Great Bear Resources (TSX:GBR) saw its share price skyrocket from 0.60 to nearly $20 in less than two years, creating fortunes for his fan base.
Kodiak is using a strategy similar to the one that made Great Bear a resounding success, this time targeting copper and gold in a large porphyry geological setting.
Good news for investors looking at this opportunity today – with 36.7 million shares outstanding, Kodiak is valued at only $19 million (CAD).
Chris Taylor, Chairman of Kodiak said, “As compelling as our 2019 discovery of the Gate Zone was, it now appears we had only grazed the margins of a much stronger copper-gold zone which we have now successfully targeted.
They believe they have a tiger by the tail once more in Kodiak’s flagship 78.5km sq. MPD project, situated over a large copper-porphyry system and in proximity to operating mines. Investors familiar with the Taylor/Tornquist record of success are positioning into what could be the next seismic resource sector junior exploration stock rocket.
The MPD project, a three hour drive from Vancouver, is situated in a known, productive copper-gold porphyry belt and in proximity to operating mines – Highland Valley, Copper Mountain and New Afton surround the property.
MPD is close to several highways giving it excellent road and trail access and allowing for cost-effective exploration.
763 Meter Discovery Hole
MPD has been subject to over 25,000 meters of historic drilling, but much of it was shallow and rarely tested below 200 meters of vertical depth. 129 holes drilled between 1966 and 2014 confirmed numerous copper and gold showings across a 10 square km area.
Kodiak Copper’s (TSXV: KDK, OTCQB: KDKCF) decision to drill deeper turned out to be resounding success. The newly discovered Gate Zone had significantly higher grades than historic drilling, with the longest mineralized interval reported to date. Kodiak drilled intervals compare favorably to grades reported from neighboring mines.
They are now in the sweet spot as this project advances, building off a successful maiden drill program which identified an incredible 763 meters of mineralization of 0.28% copper equivalent (0.21% Cu, 0.07 g/t Au and 0.77 g/t Ag; see Kodiak press release dated 2020/01/16*).
The best drill hole in the project’s 50-year history could place the MPD project into world-class potential, with grades comparing favorably to those reported from neighbouring mines.
Following the maiden drill program, Kodiak conducted a deep (1,000+ meters) ZTEM survey across the entire property, including the discovery area, and found a large anomaly that can help target drilling – exactly what they were hoping to see.
4,000 Meter Expansion Drilling Underway
Their current drill program consists of ~4,000 meters, focused on expanding significant drill results from the Gate Zone, using step-out drilling to expand the high-grade mineralization drilled last year, as well as determine its relationship to newly identified geophysical anomalies. Phase II drilling will also test similar copper-gold mineralization reported in historic holes in the Dillard Area, located 2 kilometres southeast of the Gate Zone.
As of August 12th, 2,345 meters of the planned 4,000 meters have been completed across three holes. Drill results are expected to start flowing in the coming weeks, and management is already planning the next phase of work, potentially accelerating drilling.
Ground floor opportunities like Kodiak Copper Corp (TSXV: KDK, OTC: KDKCF) are rare to come by. The company is led by a management team with a record of resounding success and wealth creation. Kodiak is a member of the prestigious Discovery Group, whose affiliate companies have raised in excess of $200 million over the past 12 months.
Management is focused on exploring and drilling the 78.5 square km MPL copper-gold porphyry project, located in a proven mineral producing belt with mines nearby.
25,000 meters of historic drilling rarely went below 200 meters. Kodiak’s decision to drill deeper was a success, resulting in the best hole in the project’s 50 year history – Over 750 meters of copper-gold mineralization (see press release dated 2020/01/16).
The current Phase II drill program consists of 4000 metres of diamond drilling designed to follow-up on the recent Gate Zone discovery, and drill test an analogous high-priority target at the Dillard Zone.
52% of Kodiak’s shares are held with management, family offices and high net worth investors.
The ongoing bull market in commodities combined with a low share count and tight float could provide significant torque to the share price on continued drilling success.
Be sure to visit Kodiak Copper Corp
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