Kodiak Copper (TSXV:KDK, OTC:KDKCF) Drilling Success Continues To Expand High Grade Zone Within Porphyry Copper/Gold Target

British Columbia is home to one of the largest, most productive mineral trends on the planet.  The Quesnel Terrane (more commonly known as the Quesnel Trough) is a Triassic‐Jurassic age arc of volcano sedimentary rocks that hosts a number of large copper and gold porphyry deposits, several of which are currently in production.

Today’s exploration and mining companies have been met with tremendous success in revisiting historic data, using modern exploration techniques.  Systematic geophysics and diamond drilling allow for examination and testing of rock well beneath historic workings for the first time, opening up potential for major new discoveries.

Kodiak Copper Corp (TSXV:KDK, OTC:KDKCF), situated in proximity to some of these giant mines, including Teck Resources Highland Valley copper mine (the largest open pit copper mine in Canada) is aptly named to represent the great bear native to the mountains of B.C. Kodiak was founded by Chairman Chris Taylor, also a founder of Great Bear Resources (TSXV: GBR, OTC:GTBAF), valued today at $840 million.

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 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 a former GM of Rio Tinto and now President and CEO of Kodiak, Claudia Tornquist.

Kodiak Copper is implementing 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.

The Company has been encountering remarkable drilling success, recently attracting a financing of $12.67 million which included an $8 million investment from international mining giant Teck Resources (NYSE: TECK).

On November 9th Kodiak Copper announced the latest round of drill results from an ongoing, 30,000 meter drill program on its flagship MPD project in Southeastern B.C.

Drill hole MPD-20-005 continues to build on successful drilling from the first four holes, expanding the footprint of what is starting to look like a significant body of mineralization that has extended to below 800 meters to date.

In the following interview, Mrs. Tornquist expounds on MPD-20-005 drill results as well as what investors can expect near term and going into 2021.



Figure 2: Cross-section of drill holes showing results for MPD-20-004 and MPD-20-005 and drill traces for MPD-20-006, 007 and 009 (all results pending).

Strongly altered porphyry with sulphide veining dominated by chalcopyrite at 333 metres. Core is from a 3 metre sample reporting 1.19% Cu, 0.55 g/t Au and 6.40 g/t Ag at 332.0 to 335.0 metres.

Mrs. Tornquist continued, “The Gate Zone is wide open and we look forward to expanding on this discovery. To date we have only drilled a small portion of the substantial soil anomaly that overlays it. Virtually all significant copper mines in the Quesnel Trough, including nearby Copper Mountain, consist of multiple porphyry centres. With numerous underexplored historic copper showings across an area of over 10 square kilometres at MPD, the additional discovery potential is very strong, and we also are planning to test other targets across the property throughout 2021.”

Figure 1: Plan map of the Gate zone showing results of 2020 drilling to date. Background data is contoured historic copper-in soil data that shows a 300 metre wide copper anomaly related to and extending 1 kilometre south from the Gate Zone.

At the time of this writing (November 9th), Kodiak Copper Corp. (TSXV:KDK, OTCQB:KDKCF) held a market capitalization of $78 million (CAD).

Given the Company’s acclaimed leadership team’s history of delivering tremendous success to shareholders, we encourage investors to familiarize themselves with the Kodiak story and it’s robust, growing MPD project. 

Hot Stocks Review provided an introduction to Kodiak Copper in this article dated September 3rd.

Visit Kodiak Copper Corp to learn more.


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