October 15, 2024 – Vancouver, British Columbia – Kodiak Copper Corp. (the “Company” or “Kodiak”) (TSX-V: KDK, OTCQB: KDKCF, Frankfurt: 5DD1) today reports drill results from the 2024 drill program at its 100% owned MPD copper-gold porphyry project in southern British Columbia. Assay results from four drill holes at the Adit Zone and the Celeste target are presented herein.
Highlights – Adit Zone
- Additional drilling at the Adit Zone continues to intersect broad higher-grade mineralization near surface and extend the copper-gold-silver (+/- molybdenum) porphyry system (Figures 1 and 2).
- Drill holes AXE-24-009 and 011 extended mineralization an additional 200 metres below shallow historic drilling in the north and south, and to over 400 metres of strike length. The Adit Zone remains open in several directions (Figures 2 and 3).
- All mineralization drilled by Kodiak at Adit to date is within 350 metres of surface due to the slope of the topography in the area (Figure 3).
- Drill Hole AXE-24-009 intersected a broad interval of 0.26% Cu, 0.04 g/t Au, 3.57 g/t Ag (0.31% CuEq) over 327 metres from 21 to 348 metres, including 0.38% Cu, 0.05 g/t Au, 5.37 g/t Ag (0.45% CuEq) over 139 metres from 112 to 251 metres (Figures 2 to 4).
- AXE-24-009 also contains several higher-grade intervals: 1.00% Cu, 0.02 g/t Au, 6.72 g/t Ag (1.06% CuEq) over 24 metres from 218 to 242 metres and 1.08% Cu, 0.04 g/t Au, 6.84 g/t Ag, (1.15% CuEq) over 15 metres from 287 to 302 metres.
- Drill Hole AXE-24-011 intersected 0.17% Cu, 0.03 g/t Au, 1.42 g/t Ag (0.20% CuEq) over 450 metres from 63 to 513 metres, including 0.23% Cu, 0.04 g/t Au, 1.71 g/t Ag (0.26% CuEq) over 293 metres from 102 to 395 metres (Figures 2 to 4).
- Similarly, AXE-24-011 also contains higher-grade intervals: 0.44% Cu, 0.03 g/t Au, 3.84 g/t Ag (0.48% CuEq) over 19 metres from 143 to 162 metres and 0.64% Cu, 0.01 g/t Au, 1.37 g/t Ag, (0.66% CuEq) over 18 metres from 345 to 363 metres.
- Drilling at the Adit Zone targeted coincident copper-in-soil and 3D induced polarization (3D IP) chargeability anomalies that suggest it is part of a larger porphyry system (Figure 2). The current drilling is designed to extend Adit to depth and along strike. Additional drill holes have been completed with assays pending.