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) -- 05/20/14 -- 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
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
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
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 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:
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
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:
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.
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