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Copper, gold, pending drill results and money in the bank – Kodiak Copper has them all

It’s been a while since I’ve had a close look at the copper chart and, in my opinion, it doesn’t look too bad right now. Like almost everything, we’ve seen a significant price decline since April of this year, and despite a brief rally in late May, the commodity has since been taken to the woodshed and didn’t stop hemorrhaging until mid-July. Since then, it looks like copper may have put in a bottom at roughly US$3.20/lb and held that level again in late September. It is currently attempting to climb back above the 50 day moving average which would be a positive signal, but before I get too excited about copper I’d like to see it punch back above US$3.70/lb. From there it looks like it has limited overhead resistance until the US$4.10/lb threshold after which it could go for a run back to the US$4.70/lb range. But cresting US$4.10/lb probably needs a lot of positive economic news over the next few months. Regardless, it looks like we’ve got a decent support level at US$3.20/lb suggesting there could be more upside than downside from current levels.

Source: StockCharts.com

This begs the question of where to look if you want exposure to copper. The company with the most recent exciting news is probably Kodiak Copper Corp. (TSXV: KDK | OTCQB: KDKCF). The latest news regarding the Company’s most advanced asset, the 100% owned MPD copper-gold porphyry project in the prolific Quesnel Trough in south-central British Columbia, Canada, appears to be very encouraging. The 147 square kilometer MPD project 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.

Last week Kodiak announced the latest results for five drill holes from their fully funded 25,000 meter 2022 drill program, and there were some pretty interesting numbers.

Highlights include:

  • MPD-22-006 intersected 117 meters of 0.69% Cu, 0.46 g/t Au, and 2.22 g/t Ag (1.03% CuEq) within 735.4 meters of 0.24% Cu, 0.14 g/t Au and 0.71 g/t Ag (0.34% CuEq).
  • MPD-22-008 intersected 59.9 meters of 0.33% Cu, 0.25 g/t Au, and 1.77 g/t Ag (0.52% CuEq) within 585 meters of 0.18% Cu, 0.09 g/t Au and 0.71 g/t Ag (0.25% CuEq).
  • MPD-22-005 extended the Gate Zone mineralization to depth and intersected 190.2 meters of 0.19% Cu, 0.12 g/t Au, and 1.07 g/t Ag (0.29% CuEq) within 715.2 meters of 0.13% Cu, 0.07 g/t Au and 0.65 g/t Ag (0.19% CuEq).

All of this relates to the Gate Zone. Porphyry mineralization at Gate has been traced down to 900 m depth, across a width of 350 m (east-west) and over 1 km in length (north-south). In addition, the Company reported holes MPD-22-013 and MPD-22-017 which intersected a new mineralized trend northeast of, and adjacent to Gate called the Prime Zone. The new Prime Zone trend has been drilled down to 550 m depth, across 200 m width (east-west) and over 400 m length (north-south).

Source: Kodiak Copper Sept 29, 2022 Press Release

With over 700 m of mineralization, can you say bulk tonnage? Plus, I was looking at this and thinking to myself that I’ve seen some junior gold explorers with numbers that aren’t as good as just the gold components in these drill results. But perhaps that’s not what a company called Kodiak Copper wants me to fixate on. Instead, we’ll look at what catalysts lie ahead for the company over the next weeks and months.

Drilling for 2022 is on schedule and Kodiak has completed 33 holes totaling 21,300 meters as of September 26. Drilling has transitioned to testing high priority targets in the Dillard area and the program will continue evaluating additional copper-gold drill targets across the MPD property throughout the fall. A new 3D Induced Polarization (3D IP) geophysical survey is currently underway which will be completed this month, covering nine square kilometers and extending southward from the Gate Zone to the Man and Dillard target areas. The latter is important because the extension of the Gate Zone and delineation of the new Prime Zone confirm that recent 3D IP surveys are an effective tool for targeting host geology and discovering prospective porphyritic mineralization on the MPD Project.

Anyone who has read my articles in the past knows I’m always on the lookout for drill results. A previous corporate update stated that Kodiak had completed 29 holes totaling 19,150 meters as of September 9. This indicates that there are plenty of drill results still to come. Additionally, at the end of June Kodiak still had almost C$14 million in cash to continue unlocking the secrets of the MPD Property. With a market cap of C$30.5 million it would seem there is plenty of leverage to copper prices at Kodiak.




Claudia Tornquist of Kodiak Copper on new drill results and a fully-funded multi-year drill program

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.

To learn more about Kodiak Copper Corp., click here

Disclaimer: Kodiak Copper Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].




Claudia Tornquist on the demand for copper and Kodiak’s drill program at its MPD project

In a recent InvestorIntel interview, Chris Thompson spoke with Claudia Tornquist, President, CEO, and Director of Kodiak Copper Corp. (TSXV: KDK | OTCQB: KDKCF) about the current copper market and Kodiak’s drill program at its MPD porphyry project highlighting significant copper-gold grades.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Claudia Tornquist provided an update on the acquisition of Kodiak’s sister company, Great Bear Resources Ltd., by Kinross Gold Corporation for approximately C$1.8 billion. She went on to explain how Kodiak, by applying Chris Taylor’s successful formula at Great Bear, was able to make a high-grade Gate Zone copper-gold discovery in its maiden drill program. Highlighting the demand potential for copper to meet electrification and net zero emission targets, Claudia told InvestorIntel that the world needs more copper mines to be found and built.

To watch the full interview, click here.

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, where the Company made a discovery of high-grade mineralization within a wide mineralized envelope in 2020. 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.

To learn more about Kodiak Copper Corp., click here

Disclaimer: Kodiak Copper Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].




Critical Minerals Corner focuses on Copper with Jack Lifton, Claudia Tornquist and Byron King

In this episode of the Critical Minerals Corner, Tracy Weslosky is joined by Critical Minerals’ industry expert and InvestorIntel Editor-in-Chief Jack Lifton, Critical Minerals Corner Co-Host & InvestorIntel Columnist Byron King, and Claudia Tornquist, President, CEO, and Director of Kodiak Copper Corp. (TSXV: KDK | OTCQB: KDKCF). They spoke about the rising demand for copper and about how Kodiak’s copper projects will contribute to the North American supply chain.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), the panel highlighted the several decades of under exploration and underinvestment in the copper sector. They went on to discuss the global shift towards localizing the supply of critical materials and why it is critical to bring online new copper projects such as Kodiak’s MPD copper-gold porphyry project located in the safe and mining-friendly jurisdiction of British Columbia. With NYSE listed Teck Resources as the largest shareholder, Claudia went on to provide an update on Kodiak’s high-grade Gate Zone discovery at the MPD Project located in the vicinity of large producing copper mines.

To watch the full interview, click here

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, where the Company made a discovery of high-grade mineralization within a wide mineralized envelope in 2020. 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.

To learn more about Kodiak Copper Corp., click here

Disclaimer: Kodiak Copper Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].