Kodiak Exploration Limited is a publicly traded Vancouver-based resource exploration company trading on the TSX Venture Exchange under the symbol KXL. The company has diversified properties with exposure to gold, base metals, and uranium, all located in Canada. The Company’s corporate philosophy is to build shareholder wealth by evaluating and acquiring under valued exploration prospects followed by aggressive and systematic exploration resulting in discovery.
Kodiak has discovered an extensive gold-mineralized system in the Beardmore-Geraldton Gold Camp (4.1 million ounces high grade gold production) near Thunder Bay, Ontario.
Quartz-carbonate veins, frequently containing visible gold and sulfides, have been uncovered by trenching over an aggregate strike length of more than 5 kilometres, with strong individual veins up to 11 metres wide and 1 kilometre long. High grade gold mines in the area remain open to depth, and show that the gold mineralization can extend to depths exceeding 1.5 kilometres. 90% of the exposed strike length at Hercules remains untested, and the system remains open in all directions. With many geological similarities to Red Lake and Kirkland Lake, this discovery fits the model for the classic Archean shear-hosted gold deposits that produce 2/3 of Canada’s gold, approximately 200 million ounces to date, and 1/3 of global gold. Kodiak now has 100% control of more than 1400 square kilometers in the under explored Beardmore-Geraldton greenstone belt located between the multi-million ounce Red Lake and Timmins gold camps, and the prospects for further discovery appear to be excellent.
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