oligator : Kodiak Exploration (A0ESQ9)
Vancouver, British Columbia, October 30th, 2007 ?
Kodiak Exploration Limited (KXL ? TSX.V) is pleased to announce that interpretation of new geophysical data indicates significant extensions to the known strike extents of the gold bearing structures and has identified multiple new parallel structures adjacent to the Golden Mile and Yellow Brick Road veins. These structures are over 3 km long in total and greatly
expand the potential scale and geometry of the Hercules gold system. Ground crews have been mobilized to prospect these targets. The geophysical data show that the Golden Mile and the Yellow Brick Road structures extend at least 2 kilometres beyond their previously known extents. The Golden Mile structure has now been confirmed over a distance of at least four kilometres, potentially doubling the size of the Golden Mile and establishing the enormous potential of this large gold bearing structure. Four new major parallel structures have also been identified, bringing the total strike extent of the system to a least 20 km. In addition, multiple gold bearing ladder veins have been discovered by surface exploration and are also indicated by the geophysics between the Golden Mile and Yellow Brick Road Zones. The geophysics also indicates the same pattern between other major structures on the property, potentially adding significant length to multiple parallel structures already indicated to have an aggregate strike of more than 20 km. In order to fill in grid spacing and further demonstrate continuity of gold mineralization, multiple new channel samples have been collected from the Golden Mile at 10 metre spacing. All samples contain sulphides and visible gold and have been submitted for rush gold analysis. Previously reported channel grabs at the very northern end of the Golden Mile have assayed up to 60 gpt gold, confirming continuity of gold mineralization over the 2 km length of the Golden Mile which has been exposed on surface to date and has now been shown to potentially remain open for up to an additional two kilometres. [...]