Core Insights - Kodiak Copper Corp. has initiated a new phase of metallurgical testwork for its 100% owned MPD copper-gold porphyry project in Southern British Columbia, building on previous test results received in Q2 2025 [1][2][3] Summary by Sections Metallurgical Testwork Program - The new testwork program will include composite samples from six deposits and mineralized zones at MPD: Gate, Man, Dillard, West, Adit, and South [2] - The focus will be on enhancing recoveries for both copper and gold through gold characterization studies and optimizing flotation processes [2] - Results from this program are expected in Q1 2026 and will support Mineral Resource definition work and guide future project development [2] Company Leadership and Management - Claudia Tornquist, President and CEO of Kodiak, emphasized the importance of this metallurgical testwork as a de-risking step for the MPD project [3] - JDS Energy and Mining Inc. has been engaged to manage the metallurgical testwork program, with technical guidance from Kodiak advisor Mike Westendorf [3] - The laboratory work will be conducted at Base Metallurgical Laboratories Ltd in Kamloops, supervised by JDS Senior Metallurgist Tad Crowie, P.Eng [3] Project Overview - Kodiak is focused on its copper porphyry projects in Canada and the USA, with the MPD project being the most advanced asset located in a mining district with excellent infrastructure [5] - The MPD project has multiple substantial mineralized zones, with a maiden resource estimate planned for 2025 [5] - The company also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, near the Bagdad mine [7]

Core Insights - West Red Lake Gold Mines Ltd. has reported significant drill results from its 100% owned Madsen Mine in the Red Lake Gold District, Ontario, Canada, highlighting the potential for high-grade gold mineralization [1][2][44]. Summary by Sections Drill Results - The South Austin Zone has an Indicated mineral resource of 474,600 ounces grading 8.7 grams per tonne gold, with an additional Inferred resource of 31,800 ounces at the same grade [2][44]. - Recent drilling has confirmed high-grade mineralization, with notable intercepts including 6.9 meters at 36.85 g/t Au and 2 meters at 92.39 g/t Au [7][9][22]. Historical Context - The Madsen Mine's mineral resources are estimated at a cut-off grade of 3.38 g/t Au, based on a gold price of US$1,800 per ounce [5][44]. - The mine currently hosts a National Instrument 43-101 Indicated resource of 1.65 million ounces grading 7.4 g/t Au and an Inferred resource of 0.37 million ounces grading 6.3 g/t Au [44][45]. Geological Insights - The South Austin Zone is characterized by a complex geological structure, with mineralization occurring within broad alteration corridors that have been reactivated during gold mineralization events [26][27]. - High-grade zones are visually identifiable by fine grains of free gold and are associated with strong alteration and veining [29][30]. Future Plans - The ongoing underground drilling program aims to further define near-term mining inventory and expand the current mineral resource, focusing on higher-grade portions of the Austin, South Austin, North Austin, and McVeigh Zones [30][44].