Kodiak Confirms Potential of MPD Northwest Claims and Adds Further Strategic Claims; New Focus Area for 2025
Kodiak Copper Corp. (KDKCF) has reported its first regional exploration results from the MPD Northwest claims acquired in autumn 2024. The highlight is the Ketchan Zone, which will be included in the upcoming MPD mineral resource estimate. The zone shows significant near-surface, high-grade copper-gold mineralization, extending over 1,800 by 500 meters.
Key findings include bedrock grab samples from 2024 confirming high-grade mineralization at Ketchan, with best samples assaying 0.55% Cu, 0.32 g/t Au, 0.5 g/t Ag and 0.38% Cu, 0.78 g/t Au, 1.7 g/t Ag. The company has also acquired additional strategic claims, including the Delorme claims near Ketchan and the Tom claim with historic high-grade showings.
The MPD Northwest package spans 118 square kilometers and contains 18 mineral occurrences, including six with significant porphyry-related copper-gold deposits. The Ketchan Zone is located 4.5 kilometers from the high-grade Gate Zone, suggesting potential operational synergies.
Kodiak Copper Corp. (KDKCF) ha riportato i suoi primi risultati di esplorazione regionale dai diritti MPD Northwest acquisiti nell'autunno del 2024. Il punto saliente è la Zona Ketchan, che sarà inclusa nella prossima stima delle risorse minerali MPD. La zona mostra un'importante mineralizzazione di rame-oro ad alta legge, estendendosi per 1.800 metri per 500 metri.
I risultati chiave includono campioni di roccia madre del 2024 che confermano la mineralizzazione ad alta legge a Ketchan, con i migliori campioni che mostrano 0,55% Cu, 0,32 g/t Au, 0,5 g/t Ag e 0,38% Cu, 0,78 g/t Au, 1,7 g/t Ag. L'azienda ha anche acquisito ulteriori diritti strategici, inclusi i diritti Delorme vicino a Ketchan e il diritto Tom con storici affioramenti ad alta legge.
Il pacchetto MPD Northwest copre 118 chilometri quadrati e contiene 18 occorrenze minerali, incluse sei con importanti depositi di rame-oro relazionati a porfido. La Zona Ketchan si trova a 4,5 chilometri dalla Zona Gate ad alta legge, suggerendo potenziali sinergie operative.
Kodiak Copper Corp. (KDKCF) ha informado sus primeros resultados de exploración regional de las reclamaciones MPD Northwest adquiridas en otoño de 2024. El punto destacado es la Zona Ketchan, que se incluirá en la próxima estimación de recursos minerales de MPD. La zona muestra una mineralización significativa de cobre-oro de alta ley cerca de la superficie, que se extiende por 1,800 por 500 metros.
Los hallazgos clave incluyen muestras de roca madre de 2024 que confirman la mineralización de alta ley en Ketchan, con las mejores muestras que analizan 0.55% Cu, 0.32 g/t Au, 0.5 g/t Ag y 0.38% Cu, 0.78 g/t Au, 1.7 g/t Ag. La empresa también ha adquirido reclamaciones estratégicas adicionales, incluidas las reclamaciones Delorme cerca de Ketchan y la reclamación Tom con afloramientos históricos de alta ley.
El paquete MPD Northwest abarca 118 kilómetros cuadrados y contiene 18 ocurrencias minerales, incluidas seis con depósitos significativos de cobre-oro relacionados con pórfidos. La Zona Ketchan se encuentra a 4.5 kilómetros de la Zona Gate de alta ley, sugiriendo posibles sinergias operativas.
코디악 구리 주식회사 (KDKCF)는 2024년 가을에 인수한 MPD Northwest 청구권에서 첫 번째 지역 탐사 결과를 보고했습니다. 주요 사항은 케차안 존으로, 향후 MPD 광물 자원 추정에 포함될 예정입니다. 이 구역은 1,800미터 x 500미터에 걸쳐 고품위의 구리-금 광물화가 나타납니다.
주요 발견 사항으로는 2024년의 암석 샘플이 케차안에서 고품위 광물화를 확인하며, 가장 좋은 샘플은 0.55% Cu, 0.32 g/t Au, 0.5 g/t Ag 및 0.38% Cu, 0.78 g/t Au, 1.7 g/t Ag을 분석했습니다. 회사는 또한 케차안 인근의 델로름 청구권과 역사적인 고품위 나타남이 있는 톰 청구권을 포함한 추가 전략적 청구권을 인수했습니다.
MPD Northwest 패키지는 118 제곱킬로미터를 차지하며, 18개의 광물 발생이 포함되어 있으며, 그 중 6개는 중요한 포르프리 관련 구리-금 매장량을 포함합니다. 케차안 존은 고품위 게이트 존에서 4.5킬로미터 떨어져 있어 운영 시너지 가능성을 시사합니다.
Kodiak Copper Corp. (KDKCF) a rapporté ses premiers résultats d'exploration régionale des droits MPD Northwest acquis à l'automne 2024. Le point fort est la Zone Ketchan, qui sera incluse dans la prochaine estimation des ressources minérales de MPD. La zone présente une minéralisation de cuivre-or de haute qualité, s'étendant sur 1 800 par 500 mètres, près de la surface.
Les résultats clés comprennent des échantillons de roche mère de 2024 confirmant la minéralisation de haute qualité à Ketchan, avec les meilleurs échantillons analysant 0,55% Cu, 0,32 g/t Au, 0,5 g/t Ag et 0,38% Cu, 0,78 g/t Au, 1,7 g/t Ag. L'entreprise a également acquis d'autres droits stratégiques, y compris les droits Delorme près de Ketchan et le droit Tom avec des affleurements historiques de haute qualité.
Le paquet MPD Northwest couvre 118 kilomètres carrés et contient 18 occurrences minérales, dont six avec des dépôts de cuivre-or liés à des porphyres significatifs. La Zone Ketchan est située à 4,5 kilomètres de la Zone Gate de haute qualité, suggérant des synergies opérationnelles potentielles.
Kodiak Copper Corp. (KDKCF) hat die ersten regionalen Explorationsresultate aus den im Herbst 2024 erworbenen MPD Northwest-Rechten veröffentlicht. Das Highlight ist die Ketchan-Zone, die in die bevorstehende Schätzung der mineralischen Ressourcen von MPD einfließen wird. Die Zone zeigt eine signifikante hochgradige Kupfer-Gold-Mineralisierung in unmittelbarer Nähe zur Oberfläche, die sich über 1.800 mal 500 Meter erstreckt.
Wichtige Ergebnisse umfassen Gesteinsproben aus dem Jahr 2024, die die hochgradige Mineralisierung in Ketchan bestätigen, wobei die besten Proben 0,55% Cu, 0,32 g/t Au, 0,5 g/t Ag und 0,38% Cu, 0,78 g/t Au, 1,7 g/t Ag aufweisen. Das Unternehmen hat auch zusätzliche strategische Ansprüche erworben, darunter die Delorme-Ansprüche nahe Ketchan und den Tom-Anspruch mit historischen hochgradigen Vorkommen.
Das MPD Northwest-Paket erstreckt sich über 118 Quadratkilometer und enthält 18 mineralische Vorkommen, darunter sechs mit signifikanten porphyrbezogenen Kupfer-Gold-Lagerstätten. Die Ketchan-Zone liegt 4,5 Kilometer von der hochgradigen Gate-Zone entfernt, was auf potenzielle betriebliche Synergien hindeutet.
- Ketchan Zone shows significant scale at 1,800 by 500 meters, three times larger than Gate Zone
- High-grade mineralization confirmed through 2024 sampling, with up to 3.39% Cu and 16.9 g/t Ag
- Strategic acquisition of new claims (Delorme and Tom) with proven mineralization
- Proximity of Ketchan Zone to Gate Zone (4.5km) offers operational synergies
- None.
Vancouver, British Columbia--(Newsfile Corp. - February 12, 2025) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") today reports the Company's first regional exploration results from the MPD Northwest claims that were acquired in autumn 2024 (formerly Aspen Grove, see news release September 16, 2024) at its
View Video of CEO Claudia Tornquist and VP Dave Skelton Discuss the News
Highlights
MPD Northwest is a large 118 square kilometre claim package recently added to MPD. It hosts 18 known mineral occurrences, including six with significant porphyry-related copper-gold. Figure 1
The large-scale Ketchan Zone adds significant drill-proven, near-surface, high-grade copper-gold inventory to MPD. It has been drilled over 1,800 by 500 metres - roughly three times the area of Kodiak's Gate Zone discovery- and remains open in most directions. Figure 2
Bedrock grab samples collected in 2024 confirm high-grade mineralization at Ketchan. The best 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. Figure 3, Table 1
Data review, select core re-logging, sampling and geological modelling has confirmed that Ketchan will be a material part of the upcoming MPD mineral resource estimate.
The Ketchan Zone is located only 4.5 kilometres from the high-grade Gate Zone. This proximity and potential synergies with Gate, plus multiple nearby targets prioritizes this area . Figure 1
Modelling with VRIFY's Artificial Intelligence (AI) software has identified new prospective areas at MPD Northwest, including potential extensions to the Ketchan Zone. Figure 4
Regional exploration has confirmed substantial mineralization through early-stage prospecting, mapping and soil geochemistry at select sites along the northerly trend of mineral showings central to MPD Northwest. Figure 3
An additional three claims have been added to the MPD Northwest claim block. These secure strategic tenure in the Ketchan area interpreted to potentially host extensions to that zone (the Delorme claims) and high-grade showings in the north (the Tom claim).
Claudia Tornquist, President and CEO of Kodiak said, "We are delighted with the results from our initial exploration work and the historic data review at the MPD Northwest claims, which very much validate our decision to acquire these claims last autumn. The drilling done by previous operators at the Ketchan Zone has outlined a mineralized zone of significant scale and with good grades. Not only are we confident that the Ketchan Zone will become a material part of our resource estimate, we also believe there is ample room to expand it in multiple directions. We are equally exited about the targets and prospectivity of the wider MPD Northwest claim package, which hosts drill-proven copper and gold mineralization as well as untested targets with the potential for new discoveries. As we are plan our 2025 exploration program, MPD Northwest is certainly a priority."
Figure 1: Map of project areas and exploration targets discussed in this release - MPD Project, Southern BC. Tom claim and Delorme inlier claims have now been added to the project.
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Ketchan Zone
The Ketchan Zone is a near-surface, high-grade porphyry copper-gold system defined by historic geophysics, geological mapping and drilling. It is located six kilometers east of Highway 5A and 4.5 kilometres from Kodiak's Gate Zone discovery.
Historic drilling of 15,582 metres in 86 holes up to 2016 indicates that the Ketchan Zone comprises a large porphyry system with almost twice the currently drilled strike length of Kodiak's high-grade Gate Zone. Ketchen has been drilled over 1,800 by 500 metres compared to 1,000 by 300 metres at Gate. Mineralization extends from bedrock surface to generally over 400 metres depth. This system remains open in several directions (see Figure 2).
Work at Ketchan by Kodiak to date consists of grab sample prospecting and review of historic work. This confirmed the suitability of Ketchan for inclusion in an upcoming resource estimate at MPD, as announced on January 16, 2025. New work in 2025 will aim to further expand the Ketchan Zone through drilling.
Figure 2: Ketchan Zone northwest-southeast long section with historic drill results to 2016. Select historic intervals show significant shallow mineralization along 1.8 kilometres of strike length.
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MPD Northwest Exploration Results
The MPD Northwest claims host 18 known mineral occurrences, including six with significant porphyry-related copper-gold (+/- silver, molybdenum): Ketchan, Par, Zig, Thalia, Thor and Coke. Since the acquisition in September 2024, the Company conducted early-stage regional exploration on these claims and performed an initial analysis using VRIFY's Artificial Intelligence (AI) engine.
Prospecting Results
Kodiak collected a total of 38 rock samples from prospecting on the MPD Northwest claim block in 2024. The focus was to obtain representative samples from most mineralized targets to confirm grades and understand geology. More follow-up is planned in 2025. Select highlight assays from this work are included in Table 1 and Figure 3.
The highest copper and silver prospecting results in 2024 from MPD Northwest assayed 3.39 % Cu and 16.9 g/t Ag from the Thalia Target area in northwestern portion of the project (sample 222339). The sample was taken from chalcocite veins hosted in porphyry tuff and sandstone.
The highest grading gold-rich copper mineralization was returned from sampling in the Ketchan Zone area and assayed 0.55 % Cu, 0.32 g/t Au and 0.5 g/t Ag (sample 222321) and 0.38 % Cu, 0.78 g/t Au and 1.7 g/t Ag (sample 222343).
Table 1: 2024 Prospecting Result Highlights MPD Northwest
| Sample | Easting UTM Nad83 Z10 | Northing UTM Nad83 Z10 | Prospect | Cu % | Au g/t | Ag g/t | Host Rock Type |
| 222339 | 674496 | 5524190 | Thalia | 3.39 | 0.00 | 16.9 | veins in porphyry-tuff-sandstone |
| 222319 | 672448 | 5525510 | Zig | 1.34 | 0.01 | 3.9 | monzonite (boulder) |
| 222318 | 672144 | 5526920 | Nor | 1.20 | 0.01 | 2.8 | conglomerate |
| 222321 | 676758 | 5516509 | Ketchan | 0.55 | 0.32 | 0.5 | monzonite |
| 222335 | 676884 | 5516556 | Ketchan | 0.53 | 0.23 | 2.6 | monzonite |
| 222311 | 676220 | 5517030 | Ketchan | 0.44 | 0.42 | 2.1 | monzonite |
| 222343 | 676147 | 5516799 | Ketchan | 0.38 | 0.78 | 1.7 | monzonite-gabbro breccia |
| 222334 | 677001 | 5516360 | Ketchan | 0.27 | 0.38 | 1.2 | monzonite |
| 222322 | 670064 | 5520377 | Par | 0.15 | 0.62 | 1.8 | rhyolite |
Soil Geochemical Results
Two preliminary soil sample grids were completed on the MPD Northwest claims in late 2024 to determine till characteristics and test geochemical soil sampling methods. Survey grids covered the Ketchan and Par Zones and totaled 136 samples. Samples of "B" horizon subsoil (300 to 500 g) were collected at a nominal spacing of 50 metres along lines 100 metres apart (see Figure 3).
Kodiak's geochemical work in 2024 corroborated copper in known target areas. Highly anomalous copper values up to 960 ppm were returned from the soil sampling. Kodiak is planning broader soil geochemical surveys in key target areas as part of regional exploration in 2025, including alternate survey methods.
Figure 3: 2024 Exploration Activity on the MPD Northwest Claims. 2024 soil survey grids are outlined in green, 2023-2024 prospecting samples as triangles and newly acquired strategic claims are outlined in magenta.
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VRIFY AI Targeting
Historic and new MPD Northwest data is being incorporated into VRIFY's AI targeting software and merged with the extensive data from the rest of the MPD Project.
Results to date from the AI analysis are encouraging, highlighting known target areas at MPD Northwest, but also identifying a number of new prospective areas adjacent to important zones like Ketchan showing the potential to expand these zones (see Figure 4). Areas identified by VRIFY AI will be investigated as part of the 2025 exploration program.
Figure 4: Screenshot of VRIFY AI 3D geo-targeting model at Ketchan Zone, MPD Northwest claims looking northeast. Image highlights VRIFY Areas of Interest central to known mineralization at Ketchan, and adjacent areas for follow-up in 2025. Peaks and heat map colours show the AI ranking for Cu-Au mineralization. Delorme claims are now also owned by Kodiak.
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Additional Claim Acquisitions
Delorme Claims
The Company has acquired a
Kodiak entered into a claim purchase agreement with Christopher and Guy Delorme who are private and arms-length vendors. The transaction is subject to the approval of the TSX-Venture Exchange and other customary conditions. Consideration for Delorme claims consists of 143,349 Kodiak common shares upon closing of the transaction and the vendors will retain a
Tom Claim
The "Tom claim" was acquired by staking in 2022 and transferred to the Company in 2024. The claim is contiguous to the MPD Northwest claims (see Figures 1 and 3).
Historic work at Tom has identified at least six showings on this 500 ha claim. Exploration dating back to the 1950's has focused on the Tomcat and Boomerang showings which host oxide/skarn-like chalcocite zones and porphyry-style mineralization.
Preliminary exploration by Kodiak in 2022 to 2023 has confirmed historic showings and the potential for high-grade copper-gold on the Tom claims. Kodiak's work included the collection of 98 soil samples and two rock samples. Soil geochemical traverses confirmed the copper-gold target at Boomerang, plus additional anomalies not associated with known occurrences. A rock sample in 2022 tested porphyritic monzodiorite with chalcocite veins and bornite at Boomerang, assaying 3.11 % Cu, 2.36 g/t Au and 11.95 g/t Ag. More work is warranted.
MPD is a large land package (344 square kilometres) located near several operating mines in the southern Quesnel Terrane, British Columbia's primary copper-gold producing belt. The project is located between the towns of Merritt and Princeton, with year-round accessibility and excellent infrastructure nearby.
QA/QC Procedures
All rock and soil 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. Rock samples were analyzed using ALS's Fire Assay Fusion method (Au-AA24) with an AA finish for gold and by 48 element four acid digest ICP-AES analysis (MS61) with additional analyses for Ore Grade Elements (ME-OG62) and Ore Grade Cu (Cu-OG62). Soil samples were analyzed using ALS's AuME-ST43 Super Trace Au + Multi Element package. Results were reported in parts per million (ppm) and converted to percent (%), grams per tonne (g/t) or parts per billion (ppb) 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.
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.
On behalf of the Board of Directors
Kodiak Copper Corp.
Claudia Tornquist
President & CEO
For further information contact:
Nancy Curry, VP Corporate Development
ncurry@kodiakcoppercorp.com
+1 (604) 646-8362
About Kodiak Copper Corp.
Kodiak is focused on its
Kodiak's founder and Chairman is Chris Taylor who is well-known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery Group led by John Robins, one of the most successful mining entrepreneurs in Canada.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Company's exploration plans. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.
Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
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FAQ
What are the key findings from Kodiak's 2024 exploration at MPD Northwest claims (KDKCF)?
How large is the Ketchan Zone compared to KDKCF's Gate Zone discovery?
What new claims did Kodiak (KDKCF) acquire in the MPD Northwest area in 2024-2025?
What are the highest copper grades found in KDKCF's 2024 prospecting at MPD Northwest?
