KXL.V Makes Major Discovery 2km from PG Deposit!!!

Kodiak Exploration is another long followed stock that has been highly promoted in the past only for investors to lose interest as a major discovery has eluded Kodiak. The stock has soared to highs of in excess of $4 in 2008 as excitement and heavy promotion of the Hercules project pushed KXL to highs that only the best of results would have supported. Gold was there at Hercules but not enough from the drilling campaign to suggest anything in excess of a million oz's that could support the lofty SP.

KXL has been punished ever since for disappointing and even after almost doubling in price in the last 3 days of trading is well off its year high of .84. So after releasing impressive results from an initial 4 hole exploratory program on a property that borders PG's recent discovery on the Hardrock Project, the market has been taken a bit by surprise and there is good value for a run.

KXL released results of a high grade zone of 8.1 meters grading 27.75 g/t gold within a wider section of 24.9 meters grading 9.31 g/t au. From the map below and the drilling data it is interpreted that mineralization is open along strike to the west and down dip. At .34 today, KXL.V represents good value for the amount of projects in the pipeline and with this new discovery near PG's Hardrock project will definitely generate market interest. This hole is a complete surprise and has caught KXL at year lows so if they can follow up and show that this little high grade vein extends to the west and down dip for some distance, you could see KXL.V up near its year highs before you know it.

There is also some other very prospective targets in the area including the Shields property with the most significant structure extending for more than 500 meters with samples grading as high as 292 g/t gold.

Read the news below...

Kodiak Drills 24.9 Metres Grading 9.31 gpt Gold at West Geraldton

AS YOU CAN SEE... NO DRILLING TO THE WEST OF DISCOVERY HOLE... IT IS WIDE OPEN... READY TO GO AND A COUPLE GOOD HOLES A FEW HUNDRED METERS TO THE WEST WILL SEND THIS STOCK SOARING!