| June 17, 2021 – Vancouver, British Columbia – Kodiak Copper Corp. (the “Company” or “Kodiak”) (TSX-V: KDK) today announced the mobilization of a second drill rig to Kodiak’s 100% owned MPD copper-gold porphyry project (“MPD”) in Southern British Columbia, where the Company is executing a fully funded drill program of up to 30,000 metres in 2021. Drilling this year has focused on extending the Gate Zone where Kodiak made a high-grade copper-gold discovery at the northern end of a one kilometer long soil anomaly (see news release September 3, 2020). The second rig will initially assist in step out and infill drilling at Gate. As the year progresses, the Company expects to move one of the rigs to the Dillard Zone, situated approximately 2 kilometres southeast of the current drilling. Dillard is a high-priority target similar to the Gate Zone, characterized by a substantial copper-in-soil anomaly, geophysical responses and encouraging mineralization in historic drilling. Claudia Tornquist, President and CEO of Kodiak said: |
| “It is a truly exciting time for Kodiak as we follow up on our transformative Gate Zone discovery with a fully funded, significantly larger drill program. We are pleased with the progress of the program to date and are looking forward to accelerating the drilling at the Gate Zone. Our shareholders can expect the first results from this year’s drill campaign in a few weeks and a steady flow of drill results throughout the remainder of 2021.” |
| MPD is a large, consolidated land package (147 km2) located near several operating mines in the southern Quesnel Terrane, British Columbia’s primary copper-gold producing belt. The project is located midway between the towns of Merritt and Princeton, with year-round accessibility and excellent infrastructure nearby. 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. For further information please contact Mr. Knox Henderson, Investor Relations, at +1 604 646 8362 or khenderson@kodiakcoppercorp.com. On behalf of the Board of Directors Kodiak Copper Corp. Claudia Tornquist President & CEO 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. |
