March 7, 2025 (Investorideas.com Newswire) “At the moment’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 workforce, and the Discovery Group, have a profitable, envious monitor document 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 normal 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 rising demand dealing with the headwinds of structural provide deficits.
The corporate plans to launch a useful resource estimate on MPD. Useful resource estimates typically function important 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 may embody seven mineralized zones: Gate/Prime, Man, Dillard, Ketchan, West, Adit, and South/Mid.
Outcomes can 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 significant copper/gold porphyry system with the potential, in my view, to turn into a world-class mine.
The challenge is a 344-square-kilometer land bundle close to a number of working mines within the southern Quesnel Terrane, British Columbia’s main copper-gold producing belt. MPD is between the cities of Merritt and Princeton, with year-round accessibility and glorious infrastructure close by.
A key focus of Kodiak’s 2024 drill program was to establish further near-surface and high-grade mineralization. Drill outcomes from the Adit Zone up to now have clearly achieved this.
Kodiak Regional Exploration Outcomes Spotlight Additional Targets at MPD Copper-Gold Mission
The holes considerably prolong 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 important 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 the moment’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,” mentioned Kodiak’s President and CEO Claudia Tornquist. “Whereas the definition of a maiden useful resource estimate for MPD is a vital focus for Kodiak in 2025, we additionally plan to drill additional targets this 12 months with the intention to make the following discovery. We’re significantly excited in regards to the exploration potential on the brand new Aspen Grove claims that we acquired in September and can have the ability to share an replace relating to 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 can type 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 information has additionally been analyzed, resulting in the acquisition of latest claims.
As highlighted by Kodiak Copper, MPD Northwest is a big, 118-square-kilometer declare bundle not too long ago added to MPD. It hosts 18 recognized mineral occurrences, together with six with important porphyry-related copper-gold.
The big-scale Ketchan Zone provides important 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 affirm 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 evaluate, choose core re-logging, sampling and geological modeling has confirmed that Ketchan can be a cloth a part of the upcoming MPD mineral useful resource estimate.
The Ketchan Zone is situated 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 development of mineral showings central to MPD Northwest.
A further 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 information evaluate on the MPD Northwest claims, which very a lot validate our resolution to accumulate these claims final autumn,” mentioned Tornquist. “The drilling performed 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 into a cloth a part of our useful resource estimate, we additionally consider there’s 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 bundle, 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 may very well be primarily based on these comparables and then you definitely construct on it with the persevering with exploration program as properly. 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 further zones that we’ll be drilling and there is important extensions on the zones that we are going to have sources on initially.”
One other vital 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 growth and the testing of latest targets. Says Taylor:
“We now have all these further 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 instances – is we nonetheless have that discovery potential as properly. We have performed it up to now and it might 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 important 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 firms is not for the faint of coronary heart, nor the “get wealthy fast” crowd. It takes time, talent 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 trip from discovery to buy-out.
The kicker is that the juniors haven’t any income stream to finance their exploration actions; they usually depend on outdoors sources for funding. Kodiak Copper is in within the strategy of checking that field.
Kodiak has simply gone to the market to totally fund its 2025 exploration program, asserting a $5 million non-brokered personal placement on Feb. 25. The providing at $0.70 per Charity Move-through Unit is anticipated 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 further zones that we’ll be drilling and there is important extensions on the zones that we are going to 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 growth and the testing of latest targets. Says Taylor:
“We now have all these further 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 instances – is we nonetheless have that discovery potential as properly. We have performed it up to now and it might 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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