Click here to close now.




















Welcome!

News Feed Item

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 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.

Contacts:
Kaizen Discovery Inc.
Bill Trenaman
+1-604-669-6446
www.kaizendiscovery.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Countless business models have spawned from the IaaS industry. Resell Web hosting, blogs, public cloud, and on and on. With the overwhelming amount of tools available to us, it's sometimes easy to overlook that many of them are just new skins of resources we've had for a long time. In his General Session at 16th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, broke down what we've got to work with and discuss the benefits and pitfalls to discover how we can best use them to d...
The essence of cloud computing is that all consumable IT resources are delivered as services. In his session at 15th Cloud Expo, Yung Chou, Technology Evangelist at Microsoft, demonstrated the concepts and implementations of two important cloud computing deliveries: Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). He discussed from business and technical viewpoints what exactly they are, why we care, how they are different and in what ways, and the strategies for IT to tran...
Containers are changing the security landscape for software development and deployment. As with any security solutions, security approaches that work for developers, operations personnel and security professionals is a requirement. In his session at DevOps Summit, Kevin Gilpin, CTO and Co-Founder of Conjur, will discuss various security considerations for container-based infrastructure and related DevOps workflows.
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
SYS-CON Events announced today that Agema Systems will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Agema Systems is the leading provider of critical white-box rack solutions to data centers through the major integrators and value added distribution channels.
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
"Our biggest growth area has been the security services, the managed services - the things that differentiate us in the market that there is no client that's too small and there's no client that's too big," explained Paul Mazzucco, Chief Security Officer at TierPoint, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Converging digital disruptions is creating a major sea change - Cisco calls this the Internet of Everything (IoE). IoE is the network connection of People, Process, Data and Things, fueled by Cloud, Mobile, Social, Analytics and Security, and it represents a $19Trillion value-at-stake over the next 10 years. In her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, discussed IoE and the enormous opportunities it provides to public and private firms alike. She will share w...
"Alert Logic is a managed security service provider that basically deploys technologies, but we support those technologies with the people and process behind it," stated Stephen Coty, Chief Security Evangelist at Alert Logic, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
"We specialize in testing. DevOps is all about continuous delivery and accelerating the delivery pipeline and there is no continuous delivery without testing," noted Marc Hornbeek, Sr. Solutions Architect at Spirent Communications, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
"ProfitBricks was founded in 2010 and we are the painless cloud - and we are also the Infrastructure as a Service 2.0 company," noted Achim Weiss, Chief Executive Officer and Co-Founder of ProfitBricks, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
"We do data integration for B2B also application to application, and we do data management and enable Big Data," explained Pat Adamiak, Vice President, Product Marketing at Liaison Technologies, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
The Cloud industry has moved from being more than just being able to provide infrastructure and management services on the Cloud. Enter a new era of Cloud computing where monetization’s services through the Cloud are an essential piece of strategy to feed your organizations bottom-line, your revenue and Profitability. In their session at 16th Cloud Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, discussed how to easily o...