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