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.

Kaizen Discovery Inc.
Bill Trenaman

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
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
A completely new computing platform is on the horizon. They’re called Microservers by some, ARM Servers by others, and sometimes even ARM-based Servers. No matter what you call them, Microservers will have a huge impact on the data center and on server computing in general. Although few people are familiar with Microservers today, their impact will be felt very soon. This is a new category of computing platform that is available today and is predicted to have triple-digit growth rates for some ...
Governments around the world are adopting Safe Harbor privacy provisions to protect customer data from leaving sovereign territories. Increasingly, global companies are required to create new instances of their server clusters in multiple countries to keep abreast of these new Safe Harbor laws. Is it worth it? In his session at 19th Cloud Expo, Adam Rogers, Managing Director of Anexia, Inc., will discuss how to keep your data legal and still stay in business.
SYS-CON Events announced today that MathFreeOn will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MathFreeOn is Software as a Service (SaaS) used in Engineering and Math education. Write scripts and solve math problems online. MathFreeOn provides online courses for beginners or amateurs who have difficulties in writing scripts. In accordance with various mathematical topics, there are more tha...
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Successful transition from traditional IT to cloud computing requires three key ingredients: an IT architecture that allows companies to extend their internal best practices to the cloud, a cost point that allows economies of scale, and automated processes that manage risk exposure and maintain regulatory compliance with industry regulations (FFIEC, PCI-DSS, HIPAA, FISMA). The unique combination of VMware, the IBM Cloud, and Cloud Raxak, a 2016 Gartner Cool Vendor in IT Automation, provides a co...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...