In this InvestorIntel interview, host Peter Clausi talks to Kodiak Copper Corp.‘s (TSXV: KDK | OTCQB: KDKCF) President, CEO, and Director Claudia Tornquist about the company’s recent drill results and fully-funded multi-year drill program at its MPD copper-gold porphyry project in southern British Columbia.
“Until now most of our drilling was at the Gate Zone where we made the initial discovery,” Claudia says, “but MPD from all we can tell, what our data tells us, is a multi-centric porphyry center just like Copper Mountain next door.” Talking about Kodiak’s recently released drill hole results, Claudia discusses the new high-grade copper-gold-silver intercepts reported at the Gate Zone which filled in a 170 metre gap at its south end, and how drill-testing anomalies identified a nearby 400 metre long, parallel mineralized trend. She tells Peter about “the headline hole intercept with a long hole mineralized over 734 metres and 0.34 copper equivalent,” and “very importantly this long hole had also a long high-grade section in the middle of 117 metres of more than 1% copper equivalent.”
With about 21,000 of 25,000 metres of drilling now completed, Claudia tells Peter that “we won’t have to go back to the market for additional cash anytime soon. We have $10 million in the treasury” to fund this and next year’s drill program, she says, adding, “it’s a very important point in these markets.”
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About Kodiak Copper Corp.
Kodiak is focused on its 100% owned copper porphyry projects in Canada and the USA. The Company’s most advanced asset is the MPD copper-gold porphyry project in the prolific Quesnel Trough in south-central British Columbia, Canada. MPD has all the hallmarks of a large, multi-centered porphyry system. Kodiak has made the Gate Zone discovery of high-grade mineralization within a wide mineralized envelope, and MPD hosts several other targets with similar discovery potential. Kodiak also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the world-class Bagdad mine. Kodiak’s porphyry projects have both been historically drilled and present known mineral discoveries with the potential to hold large-scale deposits.
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.
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