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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: koan	6/25/2007 11:21:11 AM
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KXL, bought some exploration shares this morning: Kodiak Exploration Ltd (C-KXL) - News Release Kodiak Exploration stakes ground next to Ni discovery 2007-06-25 09:58 ET - News Release Shares issued 72,710,184 KXL Close 2007-06-22 C$ 0.56 Mr. William Chornobay reports KODIAK ACQUIRES 7100 HECTARES ADJACENT TO NEW GOLDEN CHALICE NICKEL DISCOVERY Kodiak Exploration Ltd. has acquired through staking a 100-per-cent 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 per cent 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 its 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 website. 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. We seek Safe Harbor.

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