|By Marketwired .||
|May 20, 2014 07:24 AM EDT||
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 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.
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.
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.
Continuous processes around the development and deployment of applications are both impacted by -- and a benefit to -- the Internet of Things trend. To help better understand the relationship between DevOps and a plethora of new end-devices and data please welcome Gary Gruver, consultant, author and a former IT executive who has led many large-scale IT transformation projects, and John Jeremiah, Technology Evangelist at Hewlett Packard Enterprise (HPE), on Twitter at @j_jeremiah. The discussion...
Nov. 27, 2015 04:15 AM EST Reads: 696
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Nov. 27, 2015 04:00 AM EST Reads: 315
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
Nov. 27, 2015 04:00 AM EST Reads: 207
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company Logz.io. In the past, he was co-founder of social-trading platform Currensee, which...
Nov. 27, 2015 04:00 AM EST Reads: 172
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound...
Nov. 27, 2015 02:30 AM EST Reads: 449
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
Nov. 27, 2015 02:00 AM EST Reads: 514
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facin...
Nov. 27, 2015 01:30 AM EST Reads: 460
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Y...
Nov. 27, 2015 01:00 AM EST Reads: 458
PubNub has announced the release of BLOCKS, a set of customizable microservices that give developers a simple way to add code and deploy features for realtime apps.PubNub BLOCKS executes business logic directly on the data streaming through PubNub’s network without splitting it off to an intermediary server controlled by the customer. This revolutionary approach streamlines app development, reduces endpoint-to-endpoint latency, and allows apps to better leverage the enormous scalability of PubNu...
Nov. 27, 2015 01:00 AM EST Reads: 306
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem"...
Nov. 27, 2015 01:00 AM EST Reads: 420
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, San...
Nov. 27, 2015 01:00 AM EST Reads: 555
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user e...
Nov. 27, 2015 12:45 AM EST Reads: 393
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at Built.io, examined how Docker has evolved into a highly effective tool for application del...
Nov. 27, 2015 12:00 AM EST Reads: 332
I recently attended and was a speaker at the 4th International Internet of @ThingsExpo at the Santa Clara Convention Center. I also had the opportunity to attend this event last year and I wrote a blog from that show talking about how the “Enterprise Impact of IoT” was a key theme of last year’s show. I was curious to see if the same theme would still resonate 365 days later and what, if any, changes I would see in the content presented.
Nov. 26, 2015 10:00 PM EST Reads: 395
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Nov. 26, 2015 04:00 PM EST Reads: 384