Figure 2: Dillard Zone north-south cross section at 683350mE showing Kodiak’s 2021 drilling and shallow historic drill holes. New drilling at Dillard has traced porphyry-related mineralisation down to 530 m depth. See results Table 1 for new drill holes MPD-21-034 and MPD-21-035. 

Figure 3: Gate Zone plan map showing all 2021 drilling with assay results.  Background is contoured historic copper-in soil data. Porphyry-related mineralisation at Gate has been traced down to 850 m depth, across a width of 350 m (east-west) and has been extended to 1 km in length (north-south)

 Figure 4: Gate Zone north-south long section at 681400mE. See results Table 1 for new drill holes MPD-21-030, MPD-21-032, MPD-21-033, and MPD-21-020

 Figure 5: Example of core from 2021 Drilling at Dillard: MPD-21-035: Altered-brecciated andesite with disseminated and fine veinlets of chalcopyrite-pyrite associated blue-gray quartz stringers. Core is at 186 metres within a 21 metre intercept reporting 0.52% Cu, 0.17 g/t Au and 0.79 g/t Ag from 182 to 203 metres.

Holes MPD-21-034 and 035 were drilled central to the 2.7 kilometre long copper-in-soil anomaly at the Dillard Zone. The objective was to obtain firsthand geology and understand the nature of mineralisation reported from historic shallow work at Dillard (trenches and drilling). Both holes intersected significant mineralisation and resulted in the deepest and best copper-gold intercepts reported from the Dillard area to date (grade x width). See Figures 1 and 2, Tables 1 and 2.

To investigate the overall extents of mineralisation at Gate, holes MPD-21-020, MPD-21-032 and MPD-21-033 were drilled westward from two pads located central to the zone. These holes confirmed continuity of mineralisation and alteration between the north and south lobes at Gate. Hole MPD-21-030 was drilled eastward from the southern most set-up at the Gate Zone to date. This hole confirmed the continuation of copper-gold mineralisation southward and extended the overall length of Gate Zone to one kilometer (see Figures 3 and 4, Tables 1 and 2). Hole MPD-21-036 was a second, steeper infill hole attempted from the southern-most set up. This hole was abandoned before reaching target depth due to flood evacuation orders at the end of 2021.

MPD is a large land package (14,716 hectares) 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.

QA/QC Procedures

NQ size core was split and sampled over approximately three metre intervals.  All core 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.  Samples were analyzed using ALS’s Fire Assay Fusion method (Au-AA24) with an AA finish for gold and by a 33-element four acid digest ICP-AES analysis (ME-ICP61) with additional analysis for Ore Grade Elements (ME-OG62) and Ore Grade Cu (Cu-OG62).  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.

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.