Kodiak Acquires 7100 Hectares Adjacent to New Golden Chalice Nickel Discovery
Vancouver, British Columbia CANADA, June 25, 2007 /FSC/ - Kodiak Exploration Limited (KXL - TSX Venture), is pleased to announce that it has acquired through staking a 100% interest in over 7,100 hectares of mineral claims directly adjoining the property on which Golden Chalice Resources Inc. recently made a significant new nickel discovery (1.14 % Ni over 72.5 metres). The new Kodiak claims, collectively called the "Nighthawk" nickel project, cover ground identified by Kodiak's geologic team as being prospective for nickel mineralization after their analysis of geological and geophysical data. The analysis and staking took place immediately following announcement of the Golden Chalice discovery.
"We are very pleased with our geologic team's ability to quickly react to the discovery announcement and immediately mobilize staking crews to tie up this prospective ground," said Kodiak's President, Bill Chornobay. "We have been planning to grow our nickel asset base to complement our Caribou Lake project and the opportunity to quickly acquire significant ground in what may be a major new nickel district certainly helps us achieve part of that goal."
Kodiak's geologic team is currently compiling drilling records, district files and additional geological and geophysical data in order to prioritize areas for detailed evaluation. Kodiak plans to have field teams on the ground as soon as practicable to begin a detailed evaluation of the potential of these claims. A map showing the location of the new Kodiak claims can be found on the Kodiak web site at www.kodiakexp.com.
Kodiak continues to investigate other nickel opportunities as part of a strategic growth plan recently initiated by the company.
The information contained in this news release has been reviewed and approved by Robert B. Hawkins, Kodiak Chief Geologist, who is a qualified person for the Nighthawk Nickel project under the definitions established by National Instrument 43-101.
Kodiak is a mineral exploration company with significant projects in three different sectors of the mining resource industry. Through regional, grass-roots generative exploration and new geological models the Company has built a portfolio of 100% controlled projects focused on base metals (nickel/copper), gold and uranium in three different areas of Canada. Maps, photographs, detailed geologic reports and additional information may be viewed on our web site at www.kodiakexp.com.
