The Golden Mile is a massive gold-bearing system with a strike extent of at least 4 kilometres and remains open to depth and along strike. 100% of the 70 drillholes to date have intersected gold mineralization , and 41% of grab samples collected along the Golden Mile to date have returned more than 10 g/t Au, confirming the strength and continuity of this prolific gold system. Continuous quartz veining 1 to 3 metres thick has been exposed over a strike length of more than 1000 metres, and visible gold is frequently found on surface and in drill core. Continuous gold mineralization has been traced along strike for 400 m, with an average grade of 20.20 g/t Au over an average width of 3.8 m. This remains open along strike and to depth. Channel highlights within this interval include AMX-01: 3.1 m grading 119.63 g/t Au, and 11.6 m grading 32.96 g/t Au; AMX-04: 9.55 m grading 27.04 g/t Au; AMX-07: 4.8 m grading 28.64 g/t Au. Drill holes HR07-09 and HR07-10 drilled successively deeper below channel AMX-01 intersected 0.8 m grading 20.55 g/t Au and 4.0 m grading 6.89 g/t Au respectively, showing the gold mineralization is continuous from surface to a depth of at least 40 m and remains open. Hole HR07-29 graded 54.1 g/t (1.57 oz/t) gold over a mineable width of 2.0 m, including 134.4 g/t (3.9 oz/t) gold over 0.8 m, and drill hole HR07-31 graded 12.64 g/t gold over 1.4 m. Channel sample AMX-16 graded 63.45 g/t gold over 1.0 m and 27.83 g/t gold over 1.6 m in channel cut AMX-09.

Drill hole highlights from the Central Golden Mile: Hole HR07-65 intersected 2.9 m grading 203 g/t Au (5.92 oz/t); Hole HR07-51 intersected 3.6 m grading 358.56 g/t Au (10.46 oz/t); Hole HR07-50 intersected 4.1 m grading 20.77 g/t Au (0.61 oz/t); and Hole HR07-44 intersected 2.9 m grading 45.25 g/t Au (1.32 oz/t). These drillholes remain open to depth and along strike. In the Far SE Golden Mile, drillhole HR07-29 intersected 2.0 m grading 54.09 g/t Au (1.57 oz/t) and remains open.

The gold bearing structure at the Golden Mile has now been shown to have a surface scale and geometry unprecedented in the Geraldton–Beardmore Gold camp’s history, confirming its potential to host a very significant new gold resource. The results of the current drilling program and channel sampling have confirmed high grade gold mineralization over a strike length which is the equivalent of more than 12 football fields, and this system remains open at depth and along strike. Drilling continues to intersect impressive structure and alteration, confirming the extent and continuity of this system along strike and at depth. Kodiak has commissioned additional drill rigs and will continue its 60,000 m drilling program with a view to quickly building tonnage at economic grades within this mineralized system. Kodiak’s ongoing drill program will test the Golden Mile and parallel structures both at depth and along strike. In particular, the drilling will focus on testing the Golden Mile at depth to further determine the geometry and depth extent of this impressive new gold system.