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Why the former owners of Great Bear Resources, which sold for C$1.8 billion, say Kodiak Copper is 'similar'

Kitco News

(Kitco News) - There are some commonalities between the Great Bear Resources' Dixie project and Kodiak Copper's own MPD, said Claudia Tornquist, CEO and director of Kodiak Copper (CVE:KDK).

On Friday Tornquist spoke to Kitco at the Deutsche Goldmesse conference in Frankfurt, Germany.

Chris Taylor is the former CEO of Great Bear Resources, which was sold to Kinross for CAN$1.8 billion in late 2021. Taylor is chair of Kodiak Copper.

Kodiak is advancing its 147 km2 land package in south-central British Columbia, Canada--the MPD project.

The project is situated in an active mining region along the Quesnel Trough, British Columbia’s primary copper-producing belt. Consolidating the package and reinterpreting all the old drill data has helped advance the project. In 2020 Teck took a 7.9% stake in Kodiak after Tornquist's company announced drill results showing a new discovery, the Gate zone. The highlight intercept was 763.6 metres of 0.21% copper, 0.07 g/t gold and 0.77 g/t silver.

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MPD is a "similar story" to Great Bear Resources, said Tornquist, noting both companies' projects were drilled for decades.

"Chris is a very creative...geologist. What he did at Great Bear is he took a project that lots of people had looked at and didn't see much in it. He took a different approach and of course the rest is history."

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.