re: Milestone... confirmation of historical holes but still a significant property... 41m of almost 1g/t Au is more than a good start...plus...

"MS09-02 which cut 41.2 metres grading 0.98 grams per tonne gold and 30.2 metres grading 0.29 gpt gold."...

i.e. 1 hole with 2 wide zones just 40m apart... Pag North and South... I think I overlooked these results when they first came out... if they can locate a slightly richer zone of say 50m at 1.5-2g/t Au then watch out... that could change things here dramatically... Again... "additional drilling is being planned"... no idea when this is/was planned to start.

red911

Kodiak Exploration drills 41.2 m of 0.98 gpt Au

2009-11-26 15:40 NT - News Release

Mr. Brian Maher reports

KODIAK DRILLS THICK ZONE OF GOLD MINERALIZATION AT MILESTONE IN THE BEARDMORE-GERALDTON GOLD CAMP

Kodiak Exploration Ltd. has intercepted a thick zone of potentially bulk-minable gold mineralization at its Milestone property at the eastern end of the Beardmore-Geraldton gold camp. Drilling by Kodiak has cut two parallel zones of gold-mineralized sheared granitic rock. Four diamond drill holes, totalling 1,023 metres, targeted the zone, establishing a minimum strike length of 400 metres. Historical drilling suggests the zones may extend at least 2,000 metres farther along strike. Gold has been intercepted to depths of 200 metres, implying a very large body of gold-mineralized rock. Highlights include MS09-02 which cut 41.2 metres grading 0.98 grams per tonne gold and 30.2 metres grading 0.29 gpt gold. Drill hole MS09-03 cut 38.4 metres grading 0.64 gpt gold while drill hole MS09-04 intercepted 25.0 metres grading 0.90 gpt gold. All three drill intercepts discussed above occur in the Pag shear zone where historical drill hole M17-84 intercepted 60.7 metres grading 0.61 gpt gold. The company's exploration program has verified the older drilling and expands the target size considerably. The historical drilling demonstrates that gold mineralization extends to the surface, confirming the large depth potential of this system. Additional drilling is being planned.

Drill hole Depth    From    To     Width    Au   Target description 
              (m)     (m)   (m)       (m)  g/t   

MS09-01      237    136.4  149.10     12.7  0.40       Pag North zone 
                              165.0   176.4      11.4  0.44       Pag South zone 
MS09-02      207   62.0   103.2     41.2  0.98       Pag North zone 
                             143.0   173.2     30.2  0.29       Pag South zone 
MS09-03      339   170.0  208.4         38.4  0.64       Pag North zone 
MS09-04      240   125.0  150.0         25.0  0.90       Pag North zone 
                             163.8  170.0           6.2  0.24       Pag South zone 

Gold mineralization at Milestone has a geologic setting similar to Kodiak's flagship Hercules project located roughly 80 kilometres to the west -- structurally controlled shear-hosted gold in Archean granitic rock. Milestone differs from the high-grade Hercules system in that mineralization is widespread within a broad shear zone; shearing occurring over widths of up to 200 metres. The long strike length, large width and depth potential suggest the presence of a large, potentially open-pit-exploitable zone of gold mineralization. This exploration results continue to validate the company's exploration model for the Beardmore-Geraldton district. Based on analogy to similar Archean gold camps in Ontario and Quebec, the Beardmore-Geraldton camp could contain numerous undiscovered gold deposits yielding a gold endowment similar to the other famous gold camps of the region like Red Lake, Timmins and Val d'Or. Drill results for Hercules will be released in a few days.

The geological information for the Beardmore-Geraldton regional exploration project has been reviewed and approved by Robert B. Hawkins, Kodiak's chief geologist, who is a qualified person under the definitions established by National Instrument 43-101.

Kodiak quality-assurance/quality-control procedures

Kodiak channel samples are five centimetres wide, cut perpendicular to the strike of the vein and/or shear zone from mapped alteration in the footwall continuously through the vein and/or shear zone and into mapped alteration in the hangingwall. Channels are cut with a motorized circular saw to a depth of 20 cm and removed with a hammer. Channel sample spacing is nominally every 20 metres along strike, dependent on outcrop size and geometry. Sample intervals are selected according to geologic contacts and visible mineralization, placed into a sample bag, and shipped to the assay lab for quantitative analysis of select elements. Kodiak drill cores are split down the centre with a typical table feed circular rock saw. Sample intervals are selected according to geologic contacts, visible mineralization and alteration, placed into sample bags, and shipped to the assay lab where they are quantitatively analyzed for select elements. Drill cores are boxed, covered and sealed at the drill rig and moved to the Kodiak logging and sample preparation facilities by Kodiak personnel. Kodiak angle core holes are directed perpendicular to the mapped dip of the vein therefore reported drill hole intercepts approximate true thickness of the vein. All Kodiak samples are currently being assayed by Activation Laboratories Ltd., Ancaster, Ont., L9G 4V5, and TSL Laboratories Inc., Saskatoon, Sask., S7K 6A4. Blank and standard samples are routinely submitted with all sample batches sent to the lab for assay. Screened metallic assays are routinely run on all anomalous gold results as a check on nugget effects. Samples are routinely sent to other labs for additional checks.

We seek Safe Harbor.