International Kodiak Resources Inc. is currently a private company with holdings of 3504 contiguous mineral claims covering 73,233.6 hectares in The Yukon Territory, Canada. The `Oki-Doki Project' is adjacent to the Brewery Creek Mine (17.1 million tonnes grading 1.45g/t gold), now recorded as the largest lode gold mine ever put into production in The Yukon. Brewery Creek is producing at a cash-cost of approximately US$195.00 an ounce and is producing year round. The heap leach process employed is recovering some 80% of the gold in the wallrock. Exploration conducted in 1997 on the Brewery Creek Property added 483,000 ounces of gold to the geologic resource, an increase of approximately 61%. All zones remain open and further aggressive exploration on the Brewery Creek property has been planned for 1998. Bordering the North East of Kodiak's property, Homestake Canada and Prime Resources have planned a $350,000 exploration program on their optioned Lorrie Property adjoining their recently staked Java claims. Bordering to the South East, Orinoco Gold reported drilling and trenching indicate an extensive disseminated gold mineralized system and are actively exploring as well.
International Kodiak's Oki-Doki Property has had $1.63 million spent on it to date and "a significant number of areas within the <property> with the potential to host Fort Knox, Brewery Creek and Carlin-like type deposits have been identified. geochemical surveys outlined 51 multi-facteted anomalies. Fourteen of these were anomalies for gold, arsenic, and/or antimony, and mercury with six zones ranging in size from 1-5 square kilometers carrying all pathfinder elements. Combinations of geological, geochemical, geophysical and historical data identify at least six extensive areas of interest for potential economic mineralization. Of these, three represent targets having potential for Fort Knox style mineralization; one has the potential for mineralization similar to the Brewery Creek "Main Reserve Trend"; and two have the potential to host a "Carlin-like Brewery Creek North Slope Zone" style of mineralization."
"A comprehensive exploration program has been recommended for the 1998 field season including: geological mapping, induced polarization geophysics, auger drilling, soil grids and trenching. Contingent upon favourable results, phase two work would consist of diamond and reverse circulation drilling."
Kodiak is now raising $2.4 million via Offering Memorandum for flow-through and non-flow-through explorational and working capital purposes. For further details on Kodiak and the investment opportunity at hand, visit their new web site at kodiak-resources.com , email them at inforeq@kodiak-resources.com , or call their office at (604) 609-2016.
For Chat Line knowledge, I recently made a significant investment in International Kodiak and I have great faith in the Company. Once you see who is on the Board of Directors, I'm sure you will be greatly interested as well. I recommend taking a very close look at this new company and considering an investment.
(All information posted taken from International Kodiak's information package.)
Karl |
