お知らせ • Oct 18
Kodiak Drills Significant From-Surface Copper At West Zone: 0.58% Cueq over 254 M Within 0.27% Cueq over 941 M
Kodiak Copper Corp. reported results from its fully funded drill program at its 100% owned MPD copper-gold porphyry project in southern British Columbia. Assay results from five drill holes at the West Zone are presented in this release. The Company made the discovery of a much larger porphyry system at the West Zone through application of a Cadia-Ridgeway or Red Chris "style" exploration model, where mineralized zones occur near high-angle structural controls and changes in geology, exhibiting "chimney-like" geometries visible in geophysical surveys, and with significant grade and depth extent. Such models were also used to find high grade zones at the nearby Copper Mountain mine earlier in 2023. Hole AXE-23-011, drilled vertically in the southern portion of the West Zone, intersected mineralization from bedrock surface to 962 metres depth, assaying 0.49% Cu, 0.29 g/t Au and 1.30 g/t Ag (0.58% CuEq*) over 254 metres, within 0.21% Cu, 0.16 g/t Au and 0.64 g/t Ag (0.27% CuEq) over an impressive intercept of 941 metres. Hole AXE-23-011 also added 185 metres of strike to the new mineralized hydrothermal breccia zone, assaying 0.32% Cu, 0.16 g/t Au and 0.95 g/t Ag (0.37% CuEq) over 89 metres from 873 to 962 metres. Hole AXE-23-008, drilled north along strike, intersected mineralization from near surface to 540 metres depth, assaying 0.33% Cu, 0.18 g/t Au and 0.88 g/t Ag (0.39% CuEq) over 198 metres, within a broader zone of 0.18% Cu, 0.16 g/t Au and 0.59 g/t Ag (0.25% CuEq) over 519 metres. Hole AXE-23-008 also encountered the new hydrothermal breccia zone over 153 metres from 735 to 888 metres, assaying 0.11% Cu, 0.17 g/t Au and 0.52 g/t Ag (0.19% CuEq). Hole AXE-23-007 extended the northern boundary of the West Zone mineralized envelope with 0.10% Cu, 0.11 g/t Au and 0.36 g/t Ag (0.15% CuEq) over 182 metres. Two additional holes, AXE-23-005 and 006, were abandoned before reaching target depths due to difficult ground conditions. These holes nonetheless intersected moderate to high-grade gold in vein-like structures that enrich the porphyry mineralization, including 0.04% Cu and 4.54 g/t Au over 6 metres from 48 metres depth in drill hole AXE-23-005, and 0.12% Cu and 2.08 g/t Au over 4 metres from 71 metres depth in drill hole AXE-23-006. AXE-23-005, 006 and 007 were drilled from the same set-up at various azimuths to test the northern extents of the West Zone. Holes AXE-23-005 and AXE-23-006 encountered difficult drilling conditions and did not reach target depths. AXE-23-008 and AXE-23-011 were drilled from two separate pads located in the south-central portion of the West Zone to test for continuation of copper-gold along strike, at depth and correlation to a coincident magnetic high - 3D IP response. Drilling by Kodiak to date has extended the width and strike of porphyry mineralization at the West Zone and confirmed a new prospective zone down to 962 metres depth. Recent drilling by Kodiak at the West Zone has resulted in the deepest copper-gold porphyry intercepts ever reported from the project, demonstrating that porphyry-related mineralization at MPD is more extensive and complex than previously known. MPD is a large land package (226 square kilometres) located near several operating mines in the southern Quesnel Terrane, British Columbia's primary copper-gold producing belt. The project is located midway between the towns of Merritt and Princeton, with year-round accessibility and excellent infrastructure nearby. All core 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. NQ size core was split and sampled over approximately three metre intervals. Samples were analyzed using ALS's Fire Assay Fusion method (Au-AA24) with an AA finish for gold and by a 48-element four acid digest ICP-AES analysis (MS61) with additional analysis for Ore Grade Elements (ME-OG62) and Ore Grade Cu (Cu-OG62). Results were reported in parts per million (ppm) and converted to percent (%), or grams per tonne (g/t) 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. Kodiak reports %CuEq for comparative purposes only and as such, past reporting assumed 100% metallurgical recovery in equivalency calculations. For more accurate reporting going forward, the Company adjusted equivalency calculations to include metallurgical recoveries from comparable deposits or mines. Jeff Ward, P.Geo, Vice President Exploration and the Qualified Person as defined by National Instrument 43-101, has reviewed, and approved the technical information contained in this release. Kodiak believes historic results referenced herein to be from reliable sources using industry standards at the time. However, the Company has not independently verified, or cannot guarantee, the accuracy of this historic information.
