Kodiak Copper Corp. (KDK) Earnings Call Transcript & Summary

Welcome back inside our Proactive newsroom. And joining me now is Claudia Tornquist, she's the CEO of Kodiak Copper. And Claudia, welcome back. Nice to see you again.

It's great to be back. Good to see you, Steve.

So usually, so talking about some results you've got from the Dillard zone on your MPD project. I just want to get into the results themselves. Maybe you can tell me a bit more about Dillard?

Yes, happy to. Dillard is a target area on the MPD project. Like Gate, it's been historically drilled. It has some interesting historic shallow drill results and has copper on surface geochemical anomaly. And what's really exciting about Dillard and why we like this target area is the sheer size of it. The geochemical anomaly is 2.7 kilometers in length. That's almost 3x the size of the Gate Zone. And if you picture that, abnormal copper on surface over 2.7 kilometers, that's big. And so it's an exciting target, and we are very happy with these first results from the first 2 holes we drilled there.

Yes. So these results coming from the 2021 program. So tell me a little bit about the results.

So these are our maiden drill holes at Dillard. They are deeper than anything that was drilled before. They're the best holes drilled at Dillard so far, better than all the historic holes. We are very pleased with those results because we got some long intercepts of gold mineralization. The longer of the 2 was over 0.5 kilometer, 556 meters of mineralized intercept. Mineralization starting from surface and very importantly, we had some higher-grade zones in these long intercepts. So we know now that there is higher-grade mineralization present at Dillard.

So is the idea now, Claudia, then to follow up on this in this year?

That's correct. We will be doing more drilling. As we speak, we are doing a geophysical survey. Same survey, 3D IP that we did at the Gate Zone that really helped our drill targeting. But just doing that at Dillard and as soon as we get those results, the drill will start drilling at the Dillard target and several, lots more holes planned there for this year.

All right. It's going to be a busy one, and we'll make sure we keep everyone up to date. Claudia, thank you so much. Great to catch up with you.

Thank you.

All right. Claudia Tornquist, the CEO of Kodiak Copper.