Kodiak Copper - Annual Investor Letter
Kodiak Copper - Annual Investor Letter
Vancouver, British Columbia--(Newsfile Corp. - January 9, 2024) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1).
不列顛哥倫比亞省溫哥華--(新聞檔案公司,2024年1月9日)——科迪亞克銅業公司(多倫多證券交易所股票代碼:KDK)(場外交易代碼:KDKF)(FSE:5DD1)。
Dear Fellow Investors:
尊敬的各位投資者:
2023 was a pivotal and important year for Kodiak Copper. A year when we shifted from successfully expanding our first high-grade discovery at the Gate Zone to testing numerous other targets on our 100% owned MPD copper-gold project located in southern British Columbia, with the aim to discover more high-grade zones and demonstrate the scale and size potential of the district-scale, multi-centred porphyry system at MPD. Though the overall markets were quite tough - what a year of discovery we had! A year that positions Kodiak well to benefit in better resource markets that are starting to take shape.
對於科迪亞克銅業來說,2023年是關鍵而重要的一年。這一年,我們從成功擴大在Gate Zone的第一個高品位發現轉變爲在位於不列顛哥倫比亞省南部的100%擁有的MPD銅金項目上測試許多其他目標,目的是發現更多的高品位區域,並展示MPD區域規模、多中心斑岩系統的規模和規模潛力。儘管整個市場相當艱難——但我們經歷了多麼艱難的一年!這一年使科迪亞克能夠在已開始形成的更好資源市場中受益。
MPD Exploration Targets
MPD 勘探目標
Our field season began in March 2023 when we mobilized the first drill for a drill program that comprised 18,562 metres and was focused on testing five of the 18 targets currently identified at MPD. Using the same disciplined and systematic approach based on a Cadia-Ridgeway style exploration model that produced the Gate Zone discovery we set out to drill the West, Man, South, Beyer and 1516 Zones - all having similar discovery potential to the Gate Zone. Results from the program started being delivered in July and throughout the second half of the year, with more to come in 2024. So far, we are three for three on the targets tested, with results from the West, Man and South Zones all showing large extents of mineralization starting from surface and going to substantial depths. The extensive near-surface copper at these porphyry centres are an attractive complement to the deeper higher-grade mineralization discovered by Kodiak at the Gate Zone. I would like to take this opportunity to congratulate the entire Kodiak technical team, lead by our Vice President of Exploration Jeff Ward and our Vice President Project Management Dave Skelton, for safely and successfully executing the 2023 program on time and on budget.
我們的野戰季節始於 2023 年 3 月,當時我們動員了第一次演習 鑽探計劃長達 18,562 米 並專注於 測試目前在 MPD 確定的 18 個目標中的 5 個。在以下基礎上使用相同的紀律和系統的方法 Cadia-Ridgeway 風格的探索模型 這促成了我們着手在西區、曼區、南區、拜爾區和1516個區域鑽探的門區——所有這些區域都具有與門區相似的發現潛力。該計劃的結果於7月和整個下半年開始公佈,2024年還將公佈更多結果。到目前爲止,我們在測試的目標上以三比三的比分獲勝,結果來自 西區、曼區和南區均顯示出從地表開始一直延伸到相當深處的大範圍礦化。這些斑岩中心的大量近地表銅是對科迪亞克在門區發現的更深層次更高品位礦化的有吸引力的補充。我想借此機會祝賀由我們的探索副總裁傑夫·沃德和項目管理副總裁戴夫·斯凱爾頓領導的整個科迪亞克技術團隊安全、成功地按時按預算執行了2023年計劃。
Kodiak's drilling showed the West Zone to be significantly larger than appreciated in the past and to contain higher grades as well. This year's drilling extended the West Zone to approximately 650 metres in length, 350 metres in width and 962 metres in depth. We encountered mineralization from surface, including several long high-grade intervals. At depth we made an exciting discovery of a new hydrothermal breccia zone with mineralized clasts, indicating potential for further undrilled high-grade mineralization.
科迪亞克的鑽探表明 西區將比過去的估值大得多,而且成績也將更高。 今年的鑽探將西區的長度擴大到約650米,寬度爲350米,深度爲962米。我們遇到了來自地表的礦化,包括幾個長的高品位間隔。在深處,我們激動人心地發現了一個帶有礦化碎屑的新型熱液角礫岩帶,這表明有進一步未鑽探的高品位礦化潛力。
The second target tested in 2023 was the Man Zone, with the first two holes released in October. Those initial holes pushed the mineralized envelope well beyond the shallow copper-gold mineralization drilled by previous operators, intersecting several mineralized zones from bedrock surface to a depth 995 metres. The Man Zone is still open in multiple directions. It is located on trend and only about a kilometre from the southern end of the Gate Zone, which means there is strong exploration potential in the area in-between the two zones, to test for a possible connection.
2023 年測試的第二個目標是 男士專區,前兩個洞將在十月份發佈。這些最初的鑽孔將礦化邊界推得遠遠超出了以前運營商鑽探的淺層銅金礦化區, 從基岩表面到深度995米的多個礦化帶相交。Man Zone 仍然向多個方向開放。它位於趨勢中,距離門區南端僅約一千米,這意味着這兩個區域之間的區域具有很強的勘探潛力,可以測試可能的連接。
Rounding out the year were results from two holes at the third target we tested, the South Zone. There we drilled towards the Mid Zone, another area with shallow copper from historic drilling, and we were able to link the two zones with a near-continuously mineralized intercept of 1,053 metres length. Our interpretation, based on geochemical and geophysical data suggests that we tagged a much larger mineralized system of over two kilometres in length, that also includes a further historically drilled area, the Adit Zone. Even though our drilling to date already greatly increased the size of the South Zone to over 900 metres strike and 775 metres in depth there is still much more exploration potential to unlock.
今年年底,我們測試的第三個目標南區有兩個洞的結果。在那裏,我們向中區鑽探,這是另一個使用歷史鑽探中獲得的淺銅的區域,我們得以做到 將這兩個區域與長度爲 1,053 米的近乎持續的礦化截距連接起來。根據地球化學和地球物理數據,我們的解釋表明我們標記了 長度超過兩千米的礦化系統要大得多,其中還包括歷史上另一個鑽探區域,即審計區。儘管我們迄今爲止的鑽探已經將南區的面積大大擴大到900米以上,深度爲775米,但仍有更多的勘探潛力有待釋放。
In addition to drilling, Kodiak's team successfully completed an extensive regional prospecting program in 2023 including 2,705 soil samples and 57 rock samples, a sizeable IP surveying program, as well as geological and geotechnical studies and environmental surveying. We are looking forward to these results as well, which will advance our existing target areas and likely generate new ones.
除了鑽探外,科迪亞克的團隊還成功完成了一次鑽探 廣泛的區域勘探計劃 2023年將包括2,705份土壤樣本和57份岩石樣本,一項大規模的知識產權調查計劃,以及地質和岩土工程研究和環境調查。我們也期待着這些結果,這將 推進我們現有的目標領域,並可能產生新的目標領域。
In June 2023 Kodiak became a carbon neutral company demonstrating our commitment to the responsible and sustainable exploration of copper, a material absolutely essential for a low carbon future. This was followed up in August 2023 with the publication of our inaugural Environmental, Social and Governance (ESG) report commissioned from Digbee ESG, a leading independent assessment platform for the mining industry. I am proud that Digbee ESGTM awarded Kodiak a very strong 'A' score for its ESG performance, a rare achievement for an exploration company. Our Director of Sustainability and Operations, Emily McNie deserves a special shout out for spearheading this initiative. ESG is an integral part of Kodiak's strategy and we will continue to implement solid environmental programs and actively engage with local Indigenous communities to build relationships based on mutual trust and open dialogue.
2023 年 6 月,科迪亞克成爲 碳中和公司 這表明了我們對負責任和可持續地勘探銅的承諾,銅是低碳未來絕對必不可少的材料。隨後,我們在 2023 年 8 月發佈了我們的 首份環境、社會和治理 (ESG) 報告 受採礦業領先的獨立評估平台Digbee ESG委託。我爲 Digbee ESG 感到自豪TM 授予科迪亞克一分 其ESG表現非常強勁的 “A” 分數,這對於勘探公司來說是難得的成就。 我們的可持續發展與運營總監 Emily McNie 領導這一舉措值得特別讚揚。ESG 是科迪亞克戰略不可分割的一部分,我們將繼續實施紮實的環境計劃,積極與當地土著社區合作,在相互信任和公開對話的基礎上建立關係。
In April 2023 Kodiak raised $8.4M, fortuitously timed before market weakness set in that characterized much of the last year. Kodiak's largest shareholder Teck Resources again participated in the financing, and we very much appreciate this continued endorsement of Kodiak's exploration strategy. On the back of a big and successful exploration program that significantly advanced our MPD project in 2023, Kodiak is starting the new year with a healthy treasury, a strong share structure and is well placed to create value for our shareholders. This is against a background of exceptionally strong long-term fundamentals for copper as the energy transition is gathering pace, generating robust demand for the red metal for many years to come. With very few new copper discoveries for over a decade there couldn't be a better time for a compelling, district-scale copper project such as MPD. I am looking forward to another exciting year of exploration and discovery as we continue to build critical mass and demonstrate MPD's true potential.
2023年4月,科迪亞克籌集了840萬美元,這恰好發生在去年大部分時間市場疲軟之前。 科迪亞克的最大股東泰克資源再次參與融資,我們非常感謝科迪亞克勘探戰略的持續支持。在一項大規模而成功的勘探計劃顯著推進了我們的2023年MPD項目的背景下,科迪亞克以健康的資金狀況、強勁的股權結構和有利的地位開始了新的一年 爲我們的股東創造價值。 這是在... 的背景下發生的 銅的長期基本面異常強勁 隨着能源轉型的步伐加快,在未來許多年內對紅金屬產生了強勁的需求。十多年來,由於幾乎沒有新的銅礦發現,因此對於像MPD這樣引人注目的區域規模銅礦項目來說,再好不過了。我期待着又一個激動人心的探索和發現的一年,因爲我們將繼續積累臨界質量並展示MPD的真正潛力。
Finally, I would like to extend a sincere thank you to Kodiak's dedicated team, our strategic partner Teck Resources, the First Nations who we work with, the Discovery Group and our shareholders and supporters, all of whom contributed to our company's success. Let me convey my best wishes for a happy, healthy and prosperous year to all of you.
最後,我要衷心感謝科迪亞克的敬業團隊、我們的戰略合作伙伴泰克資源、與我們合作的原住民、探索集團以及我們的股東和支持者,他們都爲我們公司的成功做出了貢獻。讓我向大家轉達我最良好的祝願,祝大家新年快樂、健康和繁榮。
Sincerely,
真誠地,
Claudia Tornquist
President & CEO
克勞迪婭·託恩奎斯特
總裁兼首席執行官
For further information contact:
Nancy Curry, VP Corporate Development
ncurry@kodiakcoppercorp.com
+1 (604) 646-8362
欲了解更多信息,請聯繫:
南希·庫裏,企業發展副總裁
ncurry@kodiakcoppercorp.com
+1 (604) 646-8362
Jeff Ward, P.Geo, Vice President Exploration and the Qualified Person as defined by National Instrument 43-101, has approved and verified the technical information contained in this news release. The historic data referenced herein is believed to be from reliable sources using industry standards at the time, based on Kodiak's review of available documentation and select verification work. However, the Company has not independently validated all historic work, and the reader cautioned about its accuracy.
勘探副總裁兼國家儀器43-101定義的合格人員傑夫·沃德P.Geo已批准並驗證了本新聞稿中包含的技術信息。根據科迪亞克對現有文檔的審查和部分驗證工作,據信此處引用的歷史數據來自使用當時行業標準的可靠來源。但是,該公司尚未獨立驗證所有歷史著作,讀者警告其準確性。
About Kodiak Copper Corp.
關於科迪亞克銅業公司
Kodiak is focused on its 100% owned copper porphyry projects in Canada and the USA that have been historically drilled and present known mineral discoveries with the potential to hold large-scale deposits. The Company's most advanced asset is the MPD copper-gold porphyry project in the prolific Quesnel Trough in south-central British Columbia, Canada, a mining district with producing mines and excellent infrastructure. MPD has all the hallmarks of a large, multi-centered porphyry system. Kodiak discovered a high-grade porphyry centre of significant size at the Gate Zone and is now systematically testing further targets with similar discovery potential. Drilling to date has successfully outlined substantial envelopes of porphyry mineralization at the West, Man and South Zones as Kodiak continues to demonstrate the district-scale potential of the MPD project. The Company also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the world-class Bagdad mine.
科迪亞克專注於其在加拿大和美國的 100% 自有銅斑岩項目,這些項目歷來都經過鑽探,目前已知的礦產發現有可能儲存大規模礦牀。該公司最先進的資產是位於加拿大不列顛哥倫比亞省中南部多產的Quesnel Trough的MPD銅金斑岩項目,該礦區擁有出產礦山和良好的基礎設施。MPD 具有大型多中心斑岩系統的所有特徵。科迪亞克在門區發現了一個相當大的高品位斑岩中心,目前正在系統地測試更多具有類似發現潛力的目標。隨着科迪亞克繼續展示MPD項目的區域規模潛力,迄今爲止的鑽探已成功勾勒出西區、曼區和南區斑岩礦化的大量覆蓋範圍。該公司還在世界一流的巴格達礦附近持有位於美國亞利桑那州的莫哈維銅鉬銀斑岩項目。
Kodiak's founder and Chairman is Chris Taylor who is well-known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery Group led by John Robins, one of the most successful mining entrepreneurs in Canada.
科迪亞克的創始人兼董事長是克里斯·泰勒,他以在大熊資源公司成功發現黃金而聞名。科迪亞克還是探索集團的一員,該集團由加拿大最成功的礦業企業家之一約翰·羅賓斯領導。
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所風險交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements concerning the Company's exploration plans. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address future events and conditions, they involve inherent assumptions, risks, and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors, and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.
前瞻性聲明(安全港聲明):本新聞稿包含適用證券法所指的前瞻性陳述。使用 “預期”、“計劃”、“繼續”、“預期”、“估計”、“目標”、“可能”、“將”、“項目”、“應該”、“預測”、“潛力” 等詞語和類似表述均旨在識別前瞻性陳述。特別是,本新聞稿包含有關公司勘探計劃的前瞻性陳述。儘管公司認爲前瞻性陳述所依據的預期和假設是合理的,但不應過分依賴前瞻性陳述,因爲公司無法保證這些陳述會被證明是正確的。由於前瞻性陳述涉及未來的事件和狀況,因此它們涉及固有的假設、風險和不確定性。由於許多假設、因素和風險,實際結果可能與目前的預期存在重大差異。這些假設和風險包括但不限於與股權融資市場狀況相關的假設和風險,以及有關獲得監管和股東批准的假設和風險。
Management has provided the above summary of risks and assumptions related to forward-looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or results or otherwise.
管理層在本新聞稿中提供了上述與前瞻性陳述相關的風險和假設摘要,以便讀者更全面地了解公司的未來運營。公司的實際業績、業績或成就可能與這些前瞻性陳述所表達或暗示的業績、業績或成就存在重大差異,因此,無法保證前瞻性陳述所預期的任何事件會發生或發生,也無法保證其中任何事件會發生或發生,也無法保證公司將從中獲得什麼好處。這些前瞻性陳述自本新聞稿發佈之日起作出,除適用的證券法要求外,公司不承擔任何公開更新任何前瞻性陳述的意圖或義務,無論是由於新信息、未來事件、業績還是其他原因。
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譯文內容由第三人軟體翻譯。