Kaizen Discovery Announces Exploration Programs at the Fairholme
Copper and Gold Project in Australia and the Ebende PGE, Nickel and
Copper Project in the Democratic Republic of Congo
Deep geological targets to be evaluated by Kaizen using High
Power Exploration's innovative exploration technologies
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 20, 2014) -
Kaizen Discovery Inc. (TSX-VENTURE:KZD) today announced details of
its planned 2014 exploration programs for the joint venture
Fairholme copper and gold project in Australia and for Kaizen's
100%-owned Ebende PGE, nickel and copper project in the Democratic
Republic of Congo.
These planned exploration programs will include Kaizen's
deployment of High Power Exploration's (HPX) proprietary,
geophysical technologies on both projects. HPX's technologies have
been developed to facilitate rapid and deep electrical geophysical
exploration in areas that have proved difficult to evaluate using
conventional induced polarization (IP) systems. The Ebende project
is characterized by highly resistive cover, and the Fairholme
project is characterized by highly conductive lake sediment
overburden, each of which hinders traditional electrical
surveys.
HPX TechCo, a subsidiary of High Power Exploration, is the
majority shareholder of Kaizen. A description of HPX's unique
geophysical technologies is available at
www.kaizendiscovery.com/s/technology.asp.
Under the terms of a January 2014 agreement with ITOCHU of
Japan, ITOCHU has the opportunity to participate in each of the
Fairholme and Ebende projects. Discussions with ITOCHU about
project-level participation are ongoing. ITOCHU is one of the
leading Japanese trading corporations, with approximately 130 bases
in 66 countries, and is a shareholder of Kaizen.
Surveys designed to investigate copper-gold porphyry targets at
Fairholme Project
Kaizen and its joint-venture partner, Clancy Exploration, plan
to continue their geophysical program, which will include an
airborne magnetic survey over the entire property and a 3D IP
survey to follow-up on gradient-array IP anomalies defined in 2013.
The geophysical program will be followed by a drilling program to
test the prospects.
The detailed 3D IP survey will cover a 33-square-kilometre area
encompassing the Boundary, Dungarvan and Gateway prospects. The
work program is planned to commence in June 2014. Past IP surveys
were inhibited by the thick, conductive, clay-bearing sediments
which cover the project area. The HPX exploration technologies are
designed specifically to function in these environments.
To view Figure 1: Location of Boundary, Dungarvan and Gateway
prospects within the Fairholme project area in NSW, Australia,
please visit the following link:
http://media3.marketwire.com/docs/946879_FIG_1.pdf.
The Boundary, Dungarvan and Gateway prospects are associated
with highly anomalous basement copper-gold-molybdenum geochemistry,
as well as discrete magnetic anomalies. The mineralization and
alteration encountered during historic drilling by Newcrest is
thought to be related to a porphyry copper system.
The Fairholme Project is located within the Macquarie Arc, which
hosts world-class porphyry copper-gold deposits such as Cadia and
Northparkes. Kaizen currently holds a 49% interest in the Fairholme
Project. Under the terms of its earn-in agreement with Clancy
Exploration, Kaizen has the option to earn up to a 95% interest in
the project through staged work programs ultimately leading to a
feasibility study. Clancy is managing the exploration activities
during the earn-in phase.
Multi-faceted exploration program planned for Ebende
Kaizen's planned exploration program this season will include a
gradient-array IP survey, as well as a soil sampling survey. The
design of the regional gradient-array survey consists of
approximately 155-line kilometres covering a total area of 89
square kilometres. A soil geochemical survey will be conducted
along the geophysical survey lines at 200-metre spacings.
The surveys will cover an area of the Ebende licences that
Kaizen has identified as prospective through the use of historic
stream-sediment geochemistry, as well as natural remnant
magnetization anomalies.
The stream-sediment sampling and regional mapping during the
2013 field season resulted in the confirmation of the historic
sampling data as being anomalous along a discrete area within the
very large Ebende structure. This 90-square-kilometre area has been
named the Mani Prospect.
The Ebende Project is 100% owned by Kaizen and covers
approximately 5,400 square kilometres in the Kasai Orientale and
Katanga provinces of the Democratic Republic of Congo.
Kaizen is focusing on nickel-copper and platinum-group elements
(PGE) targets along a 130-kilometre northwest to southeast corridor
characterized by a distinctive magnetic anomaly known as the Ebende
Structure. Anomalous levels of platinum, palladium, nickel, copper,
cobalt, chromium and magnesium have been identified through
stream-sediment sampling carried out by past exploration programs
in the region over parts of the Ebende Structure.
The Ebende Structure, located on the margin of the Achaean
Congo-Kasai Craton, is related to a thick basalt sequence and
apparently was extruded from feeders passing through a carbonate
platform. These geological features are comparable to the region in
Russia that hosts the giant Norilsk PGE, nickel and copper deposit.
Continuing exploration at the Ebende Project aims to identify
possible mineralization related to this mafic structure. The Ebende
project is characterized by highly resistive lateritic overburden,
which requires the use of an IP system effective at injecting
current into areas of very high contact resistance.
To view Figure 2: Map of 2014 planned gradient array survey to
be conducted by HPX, please visit the following link:
http://media3.marketwire.com/docs/946879_FIG_2.pdf.
Qualified Person
The scientific and technical information in this release has
been reviewed and approved by Barry De Wet, a Qualified Person
under the terms of National Instrument 43-101. Mr. De Wet has
verified the data disclosed in this news release.
Independent NI 43-101 Technical Reports for the Edenbe and
Fairholme projects are available at www.kaizendiscovery.com and
www.sedar.com.
About Kaizen Discovery
Kaizen is a Canadian technology-focused, mineral exploration
company formed in late 2013 through a combination of Concordia
Resource Corp. and assets acquired from HPX TechCo Inc., a
100%-owned subsidiary of High Power Exploration Inc. Backed by its
collaboration agreement with ITOCHU Corporation of Japan and access
to HPX TechCo's proprietary geophysical technology, Kaizen's
long-term growth strategy is to work with Japanese partners to
identify, explore and develop high-quality mineral projects with
potential to produce and deliver minerals to Japan's industrial
sector.
Kaizen and West Cirque Resources Ltd. (TSX-VENTURE:WCQ) signed a
definitive agreement on April 16, 2014, that would see Kaizen
acquire all of West Cirque's common shares in an all-share
transaction. West Cirque is a Vancouver-based mineral exploration
company with seven highly prospective copper-gold porphyry
exploration projects in British Columbia, Canada.
Additional details of the planned West Cirque transaction and
more information about Kaizen is available at
www.kaizendiscovery.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Statements
Statements in this release that are forward-looking statements
are subject to various risks and uncertainties concerning the
specific factors disclosed here and elsewhere in the company's
periodic filings with Canadian securities regulators. When used in
this document, the words such as "will, could, plan, estimate,
expect, intend, may, potential, should," and similar expressions,
are forward-looking statements. Specific forward-looking statements
in this press release include statements concerning Kaizen's
deployment of High Power Exploration's (HPX) proprietary,
geophysical technologies on the Fairholme and Ebende projects;
Kaizen and Clancy's planned Fairholme geophysical and drilling
program; and the planned Ebende exploration program.
All such forward-looking information and statements are based on
certain assumptions and analyses made by members of Kaizen's
management in light of their experiences and perceptions of
historical trends, current conditions and expected future
developments, as well as other factors that they believe are
appropriate in the circumstances. Such factors include, among
others, the results of exploration activities at the Fairholme
Project. These statements, however, are subject to a variety of
risks, uncertainties and other factors that could cause actual
events or results to differ materially from those projected in the
forward-looking information or statements. Readers are cautioned
not to place undue reliance on forward-looking information or
statements.
Kaizen Discovery Inc.Bill
Trenaman+1-604-669-6446www.kaizendiscovery.com
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