Tous Actualités
Suivre
Abonner Kodiak Exploration Limited

Kodiak Exploration Limited

Kodiak's First Drill Hole Cuts Massive Sulphides at Caribou Lake

Vancouver, Canada (ots/PRNewswire)

Kodiak Exploration Limited
(the "Company") (TSX: KXL.V) is very pleased  to report preliminary
results from the first drill hole on its Caribou Lake
copper-nickel-PGE property located 90 kilometres southeast of
Yellowknife, Northwest Territories. The hole intersected 3.25 metres
of strongly disseminated to massive sulphide mineralization
containing visible chalcopyrite, pyrrhotite and possible pentlandite.
The shallow exploratory hole tested a large near surface
VTEM-indicated sulphide body. This is the first of 16 diamond drill
holes planned to test 11 large priority near surface VTEM indicated
sulphide targets along a 9 kilometre nickel-copper- mineralized
trend. Kodiak also plans to drill test two large priority near
surface VTEM indicated sulphide bodies located in the foot wall and
outside the main trend.
Strongly disseminated to massive sulphide mineralization was
intersected between 21.53 and 24.78 metres downhole. An additional
interval of disseminated sulphide mineralization containing
pyrrhotite and chalcopyrite was intersected between 26.80 and 27.13
metres. Core is being split and dispatched for assay of copper,
nickel and platinum group elements at Acme Analytical Laboratories
Ltd. in Vancouver. Final results will be released as soon as they are
available. Photographs of the drill core can be viewed on Kodiak's
updated website (www.kodiakexp.com), and drill core will be available
for viewing at Kodiak's booth, No. 2137, at the Prospectors and
Developers Association of Canada meeting in Toronto, March 6-8, 2006.
Target No. 1 is a large VTEM response with an interpreted sulphide
source located near the southern end of the 12 kilometre long gabbro
intrusion. This response is near a large feeder dike - a favourable
geological setting. The mineralisation on surface has been measured
in this area to be 266 meters thick. Grab samples of gabbro
containing net-textured and semi-massive sulphides from the base of a
blast pit excavated here last summer returned values of 0.97% copper
and 0.60% nickel and 0.07% cobalt. This mineralisation remains open
at depth (see news release Jan 20, 2006).
Additional holes are planned to test the economic potential of ten
large VTEM responses interpreted to have sulphide sources, with a
collective strike length of more than 3 kilometres. VTEM Targets 1,
2, 3, 4, 5, 9, 10 and 12 are associated with a 9 kilometre long
horizon of copper-nickel-bearing gabbro. This mineralised horizon
ranges up to 266 metres thick in the area of Target No. 1 at the
south end. A grab sample at the north end of this horizon assayed
19.7% copper, 0.24% nickel and 229 ppb gold. A nearby sample
contained 198 ppb platinum.
Cross-cutting niccolite infill fractures are associated with VTEM
Targets 1, 4 and 7. These niccolite fractures are believed to
represent hydrothermally remobilised 'bleeders' from underlying
sulphide sources. Grab samples have returned assays of 23.5%, 38.0%
and 17.3% nickel, respectively.
Drilling is also planned to test VTEM targets 13 and 14. Anomaly
13 is located 700 metres from the footwall of the northwestern
portion of the Caribou Lake Gabbro. This response is indicative of an
'offset' style of mineralisation like that identified in other
copper-nickel-rich mafic intrusions such as Sudbury. Anomaly 14 is
located in the southeastern portion of the gabbro and associated with
a fault zone extending 14 kilometres ENE from the feeder dike. This
fault is parallel to the shore of Great Slave Lake which has been
interpreted as a continental rift. It is this conduit which may have
been the source for the Caribou Lake Magmatic Intrusive Complex.
Several strings of secondary, strong, VTEM indicated sulphide
targets have been identified along 9 kilometres of the intrusion's
western footwall contact. These may represent basal or 'offset'
accumulations of more high grade copper-PGE-rich sulphides, similar
to those inferred for anomaly 13. Other strings of VTEM anomalies
occur along strike between the main trend of large sulphides bodies,
and in the vicinity of Anomaly 14 located 3 km to the east. In total,
72 secondary strong VTEM-indicated sulphide targets have been
identified. Kodiak plans to prospect all of these anomalies, and
follow-up with ground geophysical surveys and diamond drilling as
appropriate.
Kodiak is a mineral exploration company with two properties
located in Canada. Maps, photographs, geological details and
additional information may be reviewed on its website at
www.kodiakexp.com. The qualified persons under the definitions
established by National Instrument 43-101, are Gary Vivian, P. Geo.
and Trevor Bremner, P. Geo.
On behalf of the Board of Directors
KODIAK EXPLORATION LIMITED
William S. Chornobay, Director, President
This release has been prepared by management - TSX Venture
Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this news release. This document contains
certain forward looking statements which involve known and unknown
risks, delays, and uncertainties not under the Company's control
which may cause actual results, performance or achievements of the
Company to be materially different from the results, performance or
expectation implied by these forward looking statements.

Contact:

For further information: +1(604)-688-9006 or by email at
info@kodiakexp.com

Plus de actualités: Kodiak Exploration Limited
Plus de actualités: Kodiak Exploration Limited
  • 02.02.2006 – 15:50

    Kodiak VTEM Indicates More Sulphide Bodies, Claim Block Expanded

    Vancouver, Canada (ots/PRNewswire) - Kodiak Exploration Limited (the "Company") (KXL.V) is pleased to announce the completion of the VTEM airborne geophysical survey over its 100% controlled Caribou Lake copper-nickel-PGE property near Yellowknife, NWT. The survey completed over 2000 line kilometers and has indicated new sulphide bodies not previously reported (news ...