Kodiak Copper chairman Chris Taylor conducting a show-and-tell of MPD drill core during a ‘core shack’ held at the company’s Vancouver offices. Credit: Henry Lazenby
Kodiak Copper (TSXV: KDK) released its first resource figures for the MPD copper-gold project in southern British Columbia.
The new estimate, released late Wednesday, covers four of seven zones – Gate, Ketchan Man and Dillard. These deposits underpin 56.4 million tonnes indicated at 0.31% copper, 0.14 gram gold and 1.18 grams silver per tonne for a copper-equivalent grade of 0.42%. That accounts for 385 million lb. of contained copper, 250,000 oz. gold and 2.14 million oz. silver, or 522 million lb. of copper-equivalent.
Kodiak estimates MPD’s inferred resources at 240.7 million tonnes grading 0.24% copper, 0.12 gram gold and 0.91 gram silver, or 0.33% copper-equivalent. This would represent 1.3 million lb. copper, 960,000 oz. gold…
