KODIAK COPPER CORP. Kodiak Copper Corp. provided an update on the recently completed the 2022 exploration program at its 100% owned MPD copper-gold porphyry project ("MPD") in southern British Columbia. A total of 26,103 metres of drilling in 41 holes was completed at the Gate/Prime and Dillard targets at MPD as part of the 2022 exploration campaign.
Results to date have extended the Gate Zone discovery to one kilometre of north-south length and 900 metres depth, and identified a 400 metre long, parallel copper-porphyry trend at the nearby Prime Zone, down to 550 metres depth. A new high-grade gold-silver discovery called the "Beyer Zone" was uncovered during trenching. Beyer is situated within a 2.2 kilometre long, 750 metre wide gold-in-soil corridor that will be followed up in detail as part of the 2023 program.
Assay results for nine drill holes have been released to date. The next batch of results are expected in January 2023 and further drill results will be reported throughout First Quarter 2023 along with results from other field work. An expanded 3D Induced Polarization (3D IP) geophysical survey was conducted by SJ Geophysics Ltd. covering 9.5 square kilometres from the Gate Zone to Man/Beyer area in the south, and extending eastward over to Dillard.
Final results for this 3D IP survey have just been received and are under review. Soil geochemical surveying totalling 1,708 samples was carried out on three grids central to MPD, but also included a smaller survey at the 1516 target area on the Axe claims in the southern part of the property. Four trenches in the Beyer and Dillard East target areas resulted in 131 rock samples.
An additional 46 rock samples were collected during property-wide reconnaissance prospecting and mapping. The Company will continue to evaluate data and generate additional copper-gold porphyry drill targets across the MPD property through the winter months in preparation for the resumption of field operations in the new year. This includes: reviewing and reporting outstanding drill results from 2022; interpreting new 3D IP geophysical data; and establishing new target areas using results from prospecting, mapping and soil geochemical samples collected on the central MPD property and the Axe claims in the south.
Drilling and trenching continue to demonstrate a strong correlation between coincident copper and/or gold-in-soil anomalies and underlying bedrock mineralization, The Company is now extending its exploration efforts across the large 147 square kilometre MPD property to drill test targets that have comparable geophysical and geochemical signatures to known zones and mineralization on the property. Plans for 2023 include continued drilling to further assess multiple regional porphyry targets as well as the hydrothermal gold discovery and trend at the Beyer Zone. The 2023 program will also include additional supporting ground geophysical and geochemical surveying.
