March 7, 2025 (Investorideas.com Newswire) “At this time’s outcomes from our regional exploration work as soon as once more spotlight the prospectivity of our MPD challenge by including two new targets and upgrading current targets throughout the property”: Kodiak Copper’s CEO Claudia Tornquist on outcomes from the ultimate six holes of the 25-hole 2024 drill program.
Kodiak Copper’s (TSXV:KDK, OTCQB:KDKCF, Frankfurt:5DD1) administration staff, and the Discovery Group, have a profitable, envious monitor report of shareholder returns.
Kodiak was established by chairman Chris Taylor of Nice Bear fame. The founder and CEO of Nice Bear Sources presided over its acquisition by Kinross Gold in 2022 for $1.8 billion.
The Discovery Group firm is led by Claudia Tornquist, beforehand a basic supervisor at Rio Tinto working with Rio’s copper operations. She was additionally the previous director of Kennady Diamonds, main the $176M sale of the corporate to Mountain Province Diamonds.
Copper market fundamentals are at the moment sturdy, with analysts predicting growing demand going through the headwinds of structural provide deficits.
The corporate plans to launch a useful resource estimate on MPD. Useful resource estimates typically function vital catalysts for junior useful resource firm inventory costs.
Kodiak introduced on Jan. 16 that it has began work on a Nationwide Instrument 43-101-compliant useful resource estimate that can embody seven mineralized zones: Gate/Prime, Man, Dillard, Ketchan, West, Adit, and South/Mid.
Outcomes shall be delivered all year long, with preliminary outcomes anticipated within the first half of 2025.
Kodiak Copper’s MPD challenge has all of the hallmarks of a serious copper/gold porphyry system with the potential, for my part, to turn out to be a world-class mine.
The challenge is a 344-square-kilometer land package deal close to a number of working mines within the southern Quesnel Terrane, British Columbia’s major copper-gold producing belt. MPD is between the cities of Merritt and Princeton, with year-round accessibility and wonderful infrastructure close by.
A key focus of Kodiak’s 2024 drill program was to establish extra near-surface and high-grade mineralization. Drill outcomes from the Adit Zone thus far have clearly achieved this.
Kodiak Regional Exploration Outcomes Spotlight Additional Targets at MPD Copper-Gold Undertaking
The holes considerably lengthen the copper envelope at Adit and when mixed with historic drilling, Kodiak’s new outcomes have outlined a sizeable near-surface, high-grade space of mineralization.
On Feb. 6 Kodiak reported outcomes from soil geochemical, geophysical, prospecting and drilling from the 2024 exploration program. These outcomes had been from the northern and southern elements of the MPD property.
Final 12 months’s exploration program confirmed that the Dillard East and Star goal areas have vital copper-gold porphyry mineralization potential with new corroborating outcomes from rock, soil and 3D Induced Polarization (3D-IP) surveys. These goal areas haven’t but been drill-tested by Kodiak.
3D-IP responses at Dillard East and Star are adjoining to, and on the flanks of serious kilometer-scale copper-in-soil anomalies, which additionally host prospecting outcomes with porphyry-related copper and gold mineralization.
Prospecting in 2024 found copper-gold-silver mineralized outcrops in two new areas at MPD (Dry Creek, Northstar), additional highlighting the invention potential throughout all the MPD property.
The perfect seize pattern from final 12 months’s prospecting program assayed 1.07% Cu, 0.05 g/t Au and seven.0 g/t Ag.
Kodiak’s 2024 regional exploration program included the gathering of two,020 soil samples, 65 rock samples, a 3D-IP survey over 7 sq. kilometers, geological and geotechnical research.
Kodiak accomplished 9,252 meters of drilling in 25 holes in seven goal areas. Outcomes from the ultimate six holes of the 2024 drill program had been reported within the Feb. 6 information launch.
The corporate is incorporating all 2024 exploration outcomes into VRIFY’s predictive AI modeling, thereby updating targets and figuring out new ones for follow-up in 2025.
“At this time’s outcomes from our regional exploration work as soon as once more spotlight the prospectivity of our MPD challenge by including two new targets and upgrading current targets throughout the property,” stated Kodiak’s President and CEO Claudia Tornquist. “Whereas the definition of a maiden useful resource estimate for MPD is a crucial focus for Kodiak in 2025, we additionally plan to drill additional targets this 12 months with the goal to make the following discovery. We’re notably excited in regards to the exploration potential on the brand new Aspen Grove claims that we acquired in September and can be capable to share an replace concerning that portion of our property quickly.”
The Aspen Grove claims had been the topic of the subsequent information launch on Feb. 12. Renamed the MPD Northwest claims, the claims host the high-grade, near-surface Ketchan Zone which is able to kind a significant a part of the upcoming MPD mineral useful resource estimate, and a number of different recognized mineral occurrences, offering appreciable exploration upside. Historic knowledge has additionally been analyzed, resulting in the acquisition of recent claims.
As highlighted by Kodiak Copper, MPD Northwest is a big, 118-square-kilometer declare package deal lately added to MPD. It hosts 18 recognized mineral occurrences, together with six with vital porphyry-related copper-gold.
The big-scale Ketchan Zone provides vital drill-proven, near-surface, high-grade copper-gold stock to MPD. It has been drilled over 1,800 by 500 meters – roughly 3 times the realm of Kodiak’s Gate Zone discovery – and stays open in most instructions.
Bedrock seize samples collected in 2024 verify high-grade mineralization at Ketchan. The perfect two samples assayed 0.55 % Cu, 0.32 g/t Au and 0.5 g/t Ag, and 0.38 % Cu, 0.78 g/t Au and 1.7 g/t Ag, respectively.
Information evaluation, choose core re-logging, sampling and geological modeling has confirmed that Ketchan shall be a cloth a part of the upcoming MPD mineral useful resource estimate.
The Ketchan Zone is positioned solely 4.5 kilometers from the high-grade Gate Zone. This proximity and potential synergies with Gate, plus a number of close by targets, prioritizes this space.
Modeling with VRIFY’s Synthetic Intelligence (AI) software program has recognized new potential areas at MPD Northwest, together with potential extensions to the Ketchan Zone.
Regional exploration has confirmed substantial mineralization by early-stage prospecting, mapping and soil geochemistry at choose websites alongside the northerly pattern of mineral showings central to MPD Northwest.
An extra three claims have been added to the MPD Northwest declare block. These safe strategic tenure within the Ketchan space interpreted to doubtlessly host extensions to that zone (the Delorme claims) and high-grade showings within the north (the Tom declare).
“We’re delighted with the outcomes from our preliminary exploration work and the historic knowledge evaluation on the MPD Northwest claims, which very a lot validate our choice to accumulate these claims final autumn,” stated Tornquist. “The drilling accomplished by earlier operators on the Ketchan Zone has outlined a mineralized zone of serious scale and with good grades. Not solely are we assured that the Ketchan Zone will turn out to be a cloth a part of our useful resource estimate, we additionally imagine there may be ample room to develop it in a number of instructions. We’re equally excited in regards to the targets and prospectivity of the broader MPD Northwest declare package deal, which hosts drill-proven copper and gold mineralization in addition to untested targets with the potential for brand spanking new discoveries. As we’re plan our 2025 exploration program, MPD Northwest is actually a precedence.”
In an interview with Crux Investor, Chris Taylor highlighted the potential for a market re-rating primarily based on the upcoming useful resource estimate, stating:
“That’ll offer you an thought of what the challenge economics might be primarily based on these comparables and you then construct on it with the persevering with exploration program as effectively. That is what we may ship to shareholders this 12 months – a re-rating primarily based on the quantity of copper we see within the floor proper now, and an appreciation for the truth that there are extra zones that we’ll be drilling and there is vital extensions on the zones that we’ll have sources on initially.”
One other essential facet of the MPD story is its potential upside.
Whereas the corporate has recognized a number of zones, it stays committing to continued exploration to additional develop the challenge, each by zone enlargement and the testing of recent targets. Says Taylor:
“We now have all these extra targets on the challenge that we proceed to check whereas we’re doing the useful resource work. It is a kind of issues that makes our business very attention-grabbing – I’ve lived by it many occasions – is we nonetheless have that discovery potential as effectively. We have accomplished it prior to now and it could occur once more sooner or later.”
Map of challenge areas and exploration targets mentioned within the Feb. 12 launch – MPD challenge, southern BC. The Tom and Delorme claims have been added to the challenge.
Ketchan Zone northwest-southeast lengthy part with historic drill outcomes to 2016. Choose historic intervals present vital shallow mineralization alongside 1.8 kilometers of strike size.
2024 prospecting outcomes highlights MPD Northwest
2024 exploration exercise on the MPD Northwest claims. 2024 soil survey grids are outlined in inexperienced, 2023-2024 prospecting samples as triangles and newly acquired strategic claims are outlined in magenta.
Screenshot of VRIFY AI 3D geo-targeting mannequin at Ketchan Zone, MPD Northwest claims trying northeast. Picture highlights VRIFY areas of curiosity central to recognized mineralization at Ketchan, and adjoining areas for follow-up in 2025. Peaks and warmth map colours present the AI rating for Cu-Au mineralization. Delorme claims are actually additionally owned by Kodiak.
Conclusion
With bullish fundamentals, now could be pretty much as good a time as ever to be an organization exploring for copper, particularly in a secure, secure jurisdiction with low-cost energy like British Columbia.
However investing in junior mining corporations is not for the faint of coronary heart, nor the “get wealthy fast” crowd. It takes time, ability and perseverance to establish an organization, do your due diligence, after which have the religion and endurance to stick with it by the often-bumpy journey from discovery to buy-out.
The kicker is that the juniors don’t have any income stream to finance their exploration actions; they usually depend on exterior sources for funding. Kodiak Copper is in within the technique of checking that field.
Kodiak has simply gone to the market to completely fund its 2025 exploration program, saying a $5 million non-brokered non-public placement on Feb. 25. The providing at $0.70 per Charity Movement-through Unit is predicted to shut on or about March 18.
Discovery Group Chairman Chris Taylor says Kodiak Copper “may ship to shareholders a re-rating primarily based on the quantity of copper we see within the floor proper now, and an appreciation for the truth that there are extra zones that we’ll be drilling and there is vital extensions on the zones that we’ll have sources on initially.”
Whereas the corporate has recognized a number of zones, it stays dedicated to continued exploration to additional develop the challenge, each by zone enlargement and the testing of recent targets. Says Taylor:
“We now have all these extra targets on the challenge that we proceed to check whereas we’re doing the useful resource work. It is a kind of issues that makes our business very attention-grabbing – I’ve lived by it many occasions – is we nonetheless have that discovery potential as effectively. We have accomplished it prior to now and it could occur once more sooner or later.”
Kodiak Copper
TSXV:KDK, OTCQB:KDKCF, Frankfurt:5DD1
Cdn$0.43 2025.03.04
Shares Excellent 75.9m
Market cap Cdn$33.0m
KDK web site
Richard (Rick) Mills
aheadoftheherd.com
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