Updated coverage report on KXL website:

http://www.kodiakexp.com/_resources/...

Target price still the same @ $1.75. Mostly excerpts from latest NR. Relatively short.

"A number of other companies are well funded to continue exploration activities in the region in 2009. Other significant players include Premier Gold Mines, Sage Gold, Roxmark Mining and Ontex Resources. As a result, we anticipate strong news flow from the region in 2009."

red911

[Of note (disclosure: I own SGX as well as KXL) SGX has reportedly just iscovered 5 new vein structures (since Christmas break) on their property and have decided to postpone drilling orignial 7 veins until summer in light of this new significant discovery. SGX update re: Golden Extension expected soon. Over 200 channel samples from the orignial 7 veins in the lab. Channel sampling of new 5 veins continues as they are stripped and trenched. This discovery and results are very significant for both companies, SGX for obvioud reasons, but also KXL in that positive results will clearly increase the magnitude of KXL discovery (i.e. +5km)]

"The balance of the 2009 program will be primarily directed at exploring the untested 5 km of strike length between the Central Golden Mile and the claim boundary near Sage Gold’s new discovery to the northwest. Data compilation, analysis and interpretation are under way. Final results from Kodiak’s metallurgical testing program are also expected shortly and will be reported when received. "