Assays reporting ‘mineable widths’ propel Kodiak Exploration (KXL.TSX-V) stock
November 30, 2007
Greetings investors!
Shares in Kodiak Exporation are on a tear again today, rising better than 20% to almost $4 1/2 Cdn per share in afternoon trading.
Yesterday the stock was halted pending drilling news from the company’s wholly-owned Golden Mile project in Ontario’s Geraldton Gold Camp.
The news, when it came, reported gold intersections of ‘mineable widths’ from multiple new drill holes, expanding the mineralized zone to depth and along strike.
The Golden Mile vein system is now at a vertical depth of 130 meters, which is double the previously known depth extent, and remains open. The intersections from recent drilling are small, under 5 meters in fact, but numerous, and in proximity to each other.
Kodiac is calling Golden Mile an ’extensive new gold discovery’, and I have no problem with that description.
Gosh, maybe it’s another Hemlo!
Wouldn’t that be nice?
Watch this space for more information on Kodiak and Golden Mile, as it becomes available. I’m going to follow this puppy closely!
Careful out there.
Kb
The BarkerLetter on November 30th 2007 in Commodity investing, Gold
