Home | Business News | Browse by Publication | M | M2 Presswire

Kodiak Drills High Grade Gold Over Minable Widths in Multiple Drill Holes Including 3.6m Grading 358.56 gpt (10.46 opt) / 2.9m Grading 45.25 gpt (1.32 opt) Gold / 4.1m Grading 20.77 gpt (0.61 opt) Gold.

Article Excerpt
M2 PRESSWIRE-30 November 2007-Kodiak Exploration Limited: Kodiak Drills High Grade Gold Over Minable Widths in Multiple Drill Holes Including 3.6m Grading 358.56 gpt (10.46 opt) / 2.9m Grading 45.25 gpt (1.32 opt) Gold / 4.1m Grading 20.77 gpt (0.61 opt) Gold(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:29112007

Vancouver, British Columbia CANADA, FSC - Kodiak Exploration Limited (KXL - TSX Venture) (KXLAF - OTCBB_Pink_Sheets, KX3 - FWB), is pleased to announce that ongoing drilling has intersected minable widths of very high grade gold mineralization in multiple new drill holes along The Golden Mile.

Highlights from assays received to date include hole HR07-51 which intersected 3.6m grading 358.56 gpt gold (10.46 opt) including 2.5m grading 515.98 gpt (15.05 opt) and 0.3m grading 3876 gpt (113.05 opt) gold, hole HR07-44 which intersected 2.9m grading 45.25 gpt (1.32 opt) gold including 1.1m grading 116.35 gpt (3.39 opt), and hole HR07-50 which intersected 4.1m grading 20.77 gpt (0.61 opt) gold including 2.9m grading 28.12 gpt (0.82 opt) and 0.4m grading 90.91 gpt (2.65 opt) gold. Several deeper holes which remain to be assayed have also intersected visibly mineralized quartz veins up to 4.6 metres thick. Assays are pending.

The recent drilling significantly expands the area of high grade gold mineralization along The Golden Mile both to depth and along strike, and suggests that a very large ore shoot is probable. Deep drilling on hole HR07-40, which remains to be assayed, intersected The Golden Mile vein system at a vertical depth of 130m, returning 2.6 metres of visibly mineralized vein and more than doubling the previously known depth extent of The Golden Mile vein and leaving it open to depth. Hole HR07-50 was drilled approximately 240 metres northwest of hole HR07-44, and hole HR07-40 was drilled approximately 60 metres northwest of hole HR07-44.

The current drill program plans for 60,000 metres of drilling. It has been designed to expand the known...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!