UPDATE: Since Hot Stocks Review initiated coverage on Kodiak Copper (TSXV: KDK, OTCQB: KDKCF) on September 3rd the Company has released assays from the first hole (MPD-20-001) and partial assays from the second (MPD-20-004) in an ongoing six hole drill program.
The results were enough to send the stock upwards 176% in two weeks, followed by a $12.6 million financing which included a strategic investment of $8.5 million from multinational mining giant Teck Resources (NYSE:TECK).
News Update – October 22 – Kodiak Reports Complete Drill Results for MPD-20-004: 535.1 m of 0.49% Copper and 0.29 g/t Gold (0.76% CuEq*)
In the video below, Lobo Tiggre of the Independant Speculator interviews Claudia Tornquist, CEO, getting her perspective on the results to date and what investors can expect as the Company moves forward.
Sept 3 Press Release: Kodiak Drills 282 m of 0.70% Copper and 0.49 g/t Gold (1.16% CuEq), Including 45.7 m of 1.41% Copper and 1.46 g/t Gold (2.75% CuEq)
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.
CEO Claudia Tornquist stated, “While we are just beginning to unlock the untapped potential of the MPD project, we view this new discovery as transformative for the project, and by extension for Kodiak. Especially remarkable are the new high gold values, which we would have viewed as a successful stand-alone gold discovery in the absence of any copper. Given our 100% ownership of MPD, and its position adjacent to highways with year-round accessibility, we anticipate a very active remainder of 2020, and that 2021 will be our most exciting and productive year so far.”
The two holes released to date have placed Kodiak firmly on the map for a potentially world class deposit in the making. With four more drill holes on tap, investors could be in for a wild ride in the coming weeks.
The following original Hot Stocks Review report on Kodiak Copper (TSXV: KDK, OTCQB: KDKCF) provides a more complete introduction to this remarkable leadership team and their 100% owned MPD asset.
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 $85 million (CAD) (Sept 16th, 2020).
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.
Location
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.
Discovery of Significant High-grade Copper-Gold Zone
Their summer drill program consisted 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. The program has been extended to further drill the discovery at the Gate Zone, and will also test similar copper-gold mineralization reported in historic holes in the Dillard Area, located 2 kilometres southeast of the Gate Zone.
Further drill results are expected in the coming weeks, and management is already planning the next phase of work, potentially accelerating drilling.
Summary
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 drill program is following 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, Teck Resources, 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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