- Kodiak Copper (OTCQB: KDKCF) announces initial Mineral Resource Estimate for its MPD copper-gold project.
- The estimate includes an Indicated Resource of 56.4 million tonnes at 0.42% copper equivalent.
- An Inferred Resource of 240.7 million tonnes at 0.33% copper equivalent is also reported.
Kodiak Copper Corp. (OTCQB: KDKCF) has revealed its initial Mineral Resource Estimate (MRE) for four of the seven identified mineralized zones at the MPD copper-gold project in British Columbia. This preliminary estimate shows an Indicated Mineral Resource of 56.4 million tonnes with a grading of 0.42% copper equivalent, which includes 385 million pounds of copper and 0.25 million ounces of gold.
Additionally, the Inferred Mineral Resource stands at 240.7 million tonnes grading 0.33% copper equivalent, containing 1,291 million pounds of copper and 0.96 million ounces of gold. These resources are linked to the Gate, Ketchan, Man, and Dillard zones, with further exploration potential as the mineralization remains open for expansion.
Kodiak plans to complete the full Mineral Resource Estimate by Q4 2025, which will incorporate three more zones (West, Adit, and South). The current estimate is based on a 0.2% copper equivalent cut-off grade, though a sensitivity analysis suggests a possible increase in tonnage if the cut-off is reduced.
Looking ahead, Kodiak Copper will be focusing on additional technical and drilling studies, aiming to provide an enhanced resource estimate by the end of 2025, which will refine the project's economic potential.
