Drilling Commenced at Kodiak's Caribou Nickel Prospect
Kodiak Exploration Ltd. reports that Phase II drilling is now underway at Kodiak's 100% controlled Caribou Lake nickel-copper-cobalt-PGE prospect located 90 kilometres southeast of Yellowknife, Northwest Territories. The drilling will test the economic potential for nickel, copper and cobalt sulphides along the base of the intrusion, where high-resolution geophysical imaging has identified a number of structural traps, any one of which is large enough to host a significant nickel ore body.
Many of the Phase II targets lie beneath areas where abundant nickel, copper and cobalt sulphides were intersected in shallow Phase I drill holes, and where analysis of geophysical data has indicated numerous EM conductors.
The present drill program will test multiple targets generated through compilation and analysis of geological, geochemical and geophysical data by Kodiak's geological and geophysical team. This Phase II drill program is being conducted under the direct supervision of independent nickel specialist Dr. Walter Peredery, P. Geo. Kodiak looks forward to the results with great optimism.
Further information, including maps, drill sections and photographs, is available on Kodiak's Web site at www.kodiakexp.com
The information contained in this document has been reviewed and approved by Dr. Walter Peredery, P. Geo., and Trevor Bremner, P. Geo., who are qualified persons for the Caribou Lake project under the definitions established by National Instrument 43-101. Dr. Peredery and Mr. Bremner are independent consultants to Kodiak.
News 
Market Data 
Discover 
