KODIAK COPPER CORP. Kodiak Copper Corp. reported plans for its 2023 exploration program, together with results of geophysical and geochemical surveys, prospecting, trenching and drilling from the 2022 exploration program on its 100% owned MPD copper-gold porphyry project in southern British Columbia. 2023 Exploration Plans: Kodiak has identified 18 prospective target areas on the MPD Project.
Only three of these have seen significant drilling by the Company to date: the Gate, Prime and Dillard Zones. A large drill program of 25,000 metres planned in 2023 will focus on multiple new targets with the goal of making one or more new discoveries. Target areas on Kodiak's original MPD claims, which comprise the northern half of the project include the Man, Beyer, Dillard East, Blue, Sky and Eclipse areas.
Target areas at the Axe claims, which comprise the southern half of the project, include the 1516, South and West Zones. 25-line kilometres of new 3D Induced Polarization (3D IP) surveying and a geochemical survey with 1500 soil samples is planned in 2023 to advance newer prospects to drill-readiness. New targets are primarily porphyry related copper-gold mineralization like the Gate Zone, but also include new high-grade gold-silver trends like the Beyer Zone.
Highlights - Drill Targets, New Target Areas & 2022 Results: The Man area contains some of the strongest at-surface copper-gold mineralization discovered at MPD by past operators. A new 3D Induced Polarization (3D IP) geophysical drill target has been identified in the Man area extending from surface to 600 metres depth below historic shallow copper-gold identified in drilling and trenching. Multiple porphyry copper-gold mineralization centres underlie the Axe claims and prior to the Gate Zone discovery, the Axe claims hosted the highest grade copper-gold values historically reported in drill core at what is now the MPD property.
The highly prospective 1516 Zone has been confirmed to host elevated copper, gold and molybdenum values through Kodiak's 2022 soil and bedrock sampling programs and has been prioritized for drilling. Like Kodiak's pre-discovery observations at the Gate zone, shallow historical drilling at Axe's South zone ended in significant copper grades and well-developed porphyry mineralization, which will be drill tested at further depth. Work on the new high-grade gold-silver Beyer discovery will include additional trenching and shallow drilling to determine structural controls and orientation of this wide hydrothermal zone, as well as further exploration further along the associated 2.2 kilometre long, 750 metre wide gold-in-soil corridor.
Two large new 2+ kilometre-long geochemical trends with confirmatory copper-gold mineralized bedrock samples have been identified in the southern MPD claims, the Sky and Blue trends. The new Eclipse showing includes high-grade copper-gold mineralized bedrock grab samples on the eastern MPD claims. A surface sample collected by Kodiak assayed 3.96% copper, 0.61 g/t gold and 64.4 g/t silver. The area has never been drilled.
Drill results at the Dillard Zone continue to intersect long intervals of shallow copper-gold mineralization similar to previous results from this area. To date a broad area of mineralization to 530 metres depth over a strike of 900 metres has been confirmed. Drill Targets - 3D Induced Polarization (3D IP) Survey: Kodiak contracted SJ Geophysics Ltd. to conduct a two-phase DC Resistivity/Induced Polarization (3DIP) survey on the MPD Project in 2022.
Results include: In the Man Zone, new 3D IP anomalies (chargeability and resistivity) define a drill target to a depth of 600 metres. Much like the Gate Zone, these responses coincide with, and extend below, significant copper-gold grades reported in historic drilling and trenching, thereby highlighting the potential to expand Man mineralization to depth. The new 3D IP data will also assist drilling at the Beyer Zone and the associated 2.2- kilometre-long gold in soil trend.
Drill Targets - Axe Claims: The Axe claims host a porphyry complex comprised of at least four drill-proven copper-gold porphyry centres and other untested geochemical-geophysical anomalies and have potential for additional discoveries like the Gate Zone. In preparation for drilling, Kodiak conducted its first exploration work on the Axe claims in 2022 through a program of confirmatory mapping, prospecting, soil sampling and relogging of select historic core. Results include: Confirmation of significant copper-gold-molybdenum anomalies in soil at the 1516 target area, situated within a broader 2200 by 400 metre anomalous zone identified by previous operators.
Like the Gate Zone, the 1516 area also exhibits coincident chargeability and conductivity geophysical anomalies situated on a north westerly trending magnetic low structural break. Several targets on the Axe claims, including the South and West Zones have significant copper grades and well-developed porphyry mineralization that could continue to depth. Prior to the Gate Zone discovery, the Axe claims reported the highest-grade copper-gold values in drill core at what is now Kodiak's MPD property.
Examples of historic intercepts reported include 111 metres of 0.56% copper at the Adit target and 124.5 metres of 0.38% copper and 0.22 g/t gold at the West target. Prospecting & Trenching Results: The Company collected a total of 187 rock samples from prospecting and trenching across the property in 2022. Rock samples collected over broad target areas continue to return significant copper mineralization with associated gold and silver.
A select top eleven assays from prospecting, with rock type descriptions. Results include: The highest copper assay from the 2022 prospecting program assayed 3.96 % Cu, 0.61 g/t Au and 64.4 g/t Ag from rock sample 222202. This new showing is called the Eclipse target area.
Eclipse is a magnetite-biotite-actinolite-rich altered volcano-sedimentary outcrop (possible hornfels) with significant chalcopyrite and fine-grained magnetite veins, located in a relatively underexplored part of the property six kilometres southeast of the Gate Zone. Four trenches in the Dillard East area also yielded significant mineralization, with the best samples assaying 0.17% Cu, 1.30 g/t Au and 1.53 g/t Ag over 10 metres and 0.78% Cu, 3.22 g/t Au and 4.83 g/t Ag over 2 metres. Significant gold was also returned from two trenches at the new Beyer Zone gold discovery, 3.02 g/t gold and 24.18 g/t silver over 12 metres.
