Kodiak Increases Drill Program to 16,500 Metres and Adds Second Drill Rig
Kodiak Copper Corp. has significantly expanded its 2026 exploration program at the MPD copper-gold porphyry project in British Columbia, increasing the total planned drilling from 6,500 metres to 16,500 metres by adding a second drill rig. The accelerated program aims to grow the initial Mineral Resource Estimate (MRE), with all seven existing deposits open to expansion and drilling planned for all of them in 2026. First drill results are expected by August 2026, with an updated MRE planned for Q1 2027.
The 2026 exploration program commenced in May and is expected to continue through late autumn. To support the increased scope, a second drill rig has been mobilized to the southern part of the property. Drilling has already initiated at the Ketchan Deposit, with 2,546 metres in 14 holes completed to date. The deposit is defined over approximately 1.4 kilometres with significant expansion potential, and the associated soil anomaly extends over two kilometres.
In addition to existing targets, a 3D Induced Polarization/Audio-Magnetotelluric survey was completed on the West, Adit, and South deposits to anticipate drilling. Several of the 36 prospective exploration targets identified to date will be advanced and drill tested. Samples are currently in the laboratory, with first drill results expected by August 2026 and further results throughout the year. These results will be incorporated into an updated Mineral Resource Estimate planned for Q1 2027.
Claudia Tornquist, President and CEO, stated: "The 2026 exploration program at MPD is progressing very well, and the addition of a second drill will fast-track our progress as we advance resource growth opportunities across the project and test priority targets. We continue to see considerable scope to expand our maiden resource and are excited by the prospect of new discoveries across our portfolio of targets. With the first assay results expected soon, our shareholders can look forward to strong news flow and many exploration results throughout the remainder of the year, leading to an updated resource estimate in 2027 that will reflect the results of the expanded drilling program."