Ms. Claudia Tornquist reports
KODIAK COPPER TEMPORARILY PAUSES DRILL PROGRAM AT MPD DUE TO FLOODING AND ROAD CLOSURES
Work has been temporarily suspended at Kodiak Copper Corp.'s MPD copper-gold porphyry project in Southern British Columbia following an evacuation order for the town of Merritt due to flooding. Personnel has been safely demobilized, and there is no risk to Kodiak's project infrastructure.
The 2021 drill program is substantially complete, and 21,675 metres have been drilled. Work will be resumed when the evacuation order is lifted and it is safe to do so. For 2022, a drill program of over 25,000 metres is planned, and drilling will commence in first quarter.
Claudia Tornquist, president and chief executive officer of Kodiak, said: "Two thousand twenty-one has been a year of exceptionally challenging weather conditions. Our thoughts are with all those affected by the heavy rains and floods in British Columbia. Special thanks to the first responders and emergency support services who are working hard to help others."
About Kodiak Copper Corp.
Kodiak is focused on its 100-per-cent-owned copper porphyry projects in Canada and the United States.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, United States, 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 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.
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