Kodiak Drills 24.9 Metres grading 9.31 gpt Gold at West Geraldton
Tuesday, September 07, 2021 1:07 PM

Related Stories

Sample      Zone      Type   Length (metres) Gold (gpt)
FER-001   Ferraro    channel      1.25          23.8
G27752    Ferraro     grab          -           292
G27753    Ferraro     grab          -           15.7
G27814  E of Maximus  grab          -           12.5
G27817  E of Maximus  grab          -           17.3
G30389   Gladiator    grab          -           6.44
G30360    Stinger     grab          -           14.2

Castlewood Lake

The Castlewood Lake project is located in the north-central portion of the Beardmore-Geraldton gold near the intersection of two major regional structures:  the Humboldt Bay and Onaman shear zones (please see project area map). Work has focused on two previously known gold mineralized zones that are considered to be part of a much larger system. A magnetic and induced polarization survey, trenching, trench mapping and channel sampling has been completed on the Centurian Zone and is underway on the Leopard Zone.  Assay results to date range from <0.005 gpt gold to 37.6 gpt gold; significant results are tabulated below. The gold mineralized zones are hosted within a strongly deformed mafic volcanic

package within or immediately adjacent to the Humboldt Bay shear zone. The zones are interpreted to be hosted within interflow sediments that have been preferentially altered and mineralized.  Additional exploration will include prospecting of the remaining project area, grid mapping and an initial drill program to test the interpretation prior to developing a large conceptual target for further drill testing.

Sample    Zone     Type   Length (metres) Gold (gpt)
G26972  Centurian  grab          -           31.0
G26962  Centurian  grab          -           5.20
G30161  Centurian  grab          -           37.6
G30188   Leopard   grab          -           5.14
CEN-001A Centurian channel      3.65          4.05


Wildgoose is located on the western extension of the Bankfield-Tombill fault zone where Premier Gold has identified significant gold resources on their Hardrock project.  Exploration at Wildgoose has focused on Archean sedimentary rocks up section from the productive Jelico Mine horizon.  Drill targets have been defined by ground magnetic and induced polarization surveys. A total of five drill holes for 1,825 metres tested five prospective targets. Drilling intersected broad (up to 134 metres) sericite +/- silica alteration of arkose and greywacke.  Localized quartz-carbonate stockwork and flooding includes patchy very fine grained arsenopyrite and pyrite mineralization.  Drill highlights include 4.5 metres grading 1.4 gpt gold in drill hole WI10-04.

Kodiak's comprehensive and systematic Beardmore-Geraldton regional exploration program is on-going, focused on generating new targets and advancing both known and newly generated targets through the drill evaluation stage of our project pipeline. As part of this program, Kodiak field crews will be conducting geological compilation, prospecting, mapping, geophysical surveys, trenching, and drilling to systematically explore our Beardmore-Geraldton land holdings for quality targets that have potential for discovery. Kodiak's management team is committed to growing shareholder value through the systematic development of a project pipeline, aggressively evaluating high potential targets, and pursuing strategic opportunities which meet corporate goals for expansion and growth.

The geological information for the Beardmore-Geraldton regional exploration project has been reviewed and approved by Darren Lindsay, Kodiak's Vice President-Exploration, who is a qualified person under the definitions established by National Instrument 43-101.

Kodiak QA/QC procedures are as follows:  Kodiak channel samples are 5 cm wide cut perpendicular to the strike of the vein and/or shear zone from mapped alteration in the footwall continuously through the vein and/or shear zone and into mapped alteration in the hanging wall.  Channels are cut with a motorized circular saw to a depth of 10 cm and removed with a hammer.  Channel sample spacing is nominally every 20m along strike, dependent on outcrop size and geometry.  Sample intervals are selected according to geologic contacts and visible mineralization, placed into a sample bag, and shipped to the assay lab for quantitative analysis of select elements.  Kodiak drill cores are split down the center with a typical table feed circular rock saw.  Sample intervals are selected according to geologic contacts, visible mineralization, and alteration, placed into sample bags and shipped to the assay lab where they are quantitatively analyzed for select elements.  Drill cores are boxed, covered, and sealed at the drill rig and moved to the Kodiak logging and sample preparation facilities by Kodiak personnel. Kodiak angle core holes are directed perpendicular to the mapped dip of the vein therefore reported drill hole intercepts approximate true thickness of the vein. All Kodiak samples are currently being assayed by Activation Laboratories Ltd., Ancaster, ON L9G 4V5 and Accurassay Laboratories Inc., Thunder Bay, ON, P7B 5X5. Blank and standard samples are routinely submitted with all sample batches sent to the lab for assay.  Screened metallic assays are routinely run on all anomalous gold results as a check on nugget effects.  Samples are routinely sent to other labs for additional checks.
On behalf of the Board of Directors
Brian J. Maher
President and Chief Executive Officer
Kodiak Exploration Limited
Email: ir@kodiakexp.com
Website: www.kodiakexp.com
tel.: 1-604-688-9006 Fax: 1-604-688-9029

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release may contain forward-looking statements or statements that relate to programs that involve a number of risks and uncertainties.  Actual events or results could differ materially from the Company's expectations and projections.
Source: Kodiak Exploration Limited (TSX-V: KXL) http://www.kodiakexp.com
Maximum News Dissemination by Filing Services Canada Inc. *



Symbol :


Market news:

More news


    Recent Estimates

AnalystFirm NameSymbolEPS Estimate
anamrdaNA JNJ$1.15
robertXXXXX AIG$0.99
NunyaXXXXX KOG$0.02
xy YRCW($0.09)