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Kodiak Copper (TSXV: KDK) has reported its first near-surface drill results of the year from the MPD project, confirming near-surface copper-gold over 950 metres in the South zone. Notable results include 111.3 metres grading 0.39% copper and 0.1 grams gold per tonne from a depth of 1.5 metres (hole RC-AXE-25-010) and 147.8 metres grading 0.26% copper from 4.6 metres (hole RC-AXE-25-006).
The drilling program, which spanned 2,746 metres and included 22 reverse-circulation holes, showed that every hole ended in mineralization. Kodiak expects more results to be released in Q3 from the West and Adit zones. The company currently has a market capitalization of C$53.2 million, with shares trading at C$0.62.
On a larger scale, Kodiak estimates the MPD’s inferred resources at 240.7 million tonnes grading 0.24% copper, including potential production of 1.3 million pounds of copper and over 960,000 ounces of gold. This project lies between Merritt and Princeton, in a region known for its significant porphyry copper-gold deposits.
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