Continued from Part 3 ...

Here are some further notes on Kodiak’s presentation January 18 at the Cambridge mining show in Vancouver.

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A short reference is included here relating to Agoracom poster explorationguy's independent work on the West Millennium property. Exguy obtained the publicly-disclosed Canalaska VTEM survey (gradient in milliseconds) covering Kodiak's property, as shown here, and overlaid Kodiaks' 2009 drill holes (in black). The black outline is the Canalaska land just obtained by Kodiak this year - it should be obvious why they were happy to have this piece:

I had the lucky opportunity to discuss this at length at Kodiak's booth with Keith Metcalfe, the geologist in charge of West Millennium, and the person who brought WM as well as Mines Point to Kodiak's attention. Exguy, our Agoracom poster, is a professional working somewhat in this field, and had deduced a further understanding of likely conductors trends as well as intersecting faults. He had projected some possible drill targets, which are shown as grey stars in the image above. It is likely that he will speak further to these in Agora posts.

The "conductors" (dotted magenta lines) are conductors in the EM (electromagnetic) sense, in which induced fields take longer to decay when an airborne emitter impresses a signal from above. Last season's drill holes as noted above are mostly on conductor D1, and the other shown is D2 (which has been discovered to branch in the same manner as D1). Since last season, Kodiak has outlined three additional conductors, D3 (directly south of D1), and D4, and D5 (northeast of D1 and D2).

Hathor's deposit (the most significant in recent memory) matches the conductive anomaly in their area closely. Kodiak's McTavish VTEM anomaly (roughly 1000m x 2000m) is approximately 10 times the lineal extent of Hathor's (100m x 200m) in each direction.

As it turns out one of Exguy's proposed drill holes (the one on D1) is exactly one of the holes Kodiak is drilling (so - kudos to Exguy, nice work). Exguy's other proposed hole was not colocated with Kodiak's planned holes due to other geophysical imaging modalities which pointed away from the D2 conductor, as well as last season's results from hole WM-09-02. The remainder of Kodiak's holes will test where the anomaly is strongest, and downstream on D1 as well as testing the new D4 and D5. Results from those holes will guide the remainder of the 2010 Winter drilling at West Millennium. The key region of interest somewhat corresponding to southern 2/3rds of the yellow and orange areas in the image above is further delinated by a fault at the northeastern extent of the anomaly and a postdeposition dyke at its southwestern boundary.

Each hole takes about a week to drill and then move the drill. There is budget in place for 9 holes at least (6000m, approx. 675m each), and possibly more e.g. to 14 if initial results justify. I look forward to any more insights Kodiak and exguy may have. It could be a very exciting season at WM.