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
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities. In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, posited that disruption is inevitable for comp...
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, Doug Vanderweide, an instructor at Linux Academy, discussed why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers wit...
The Internet giants are fully embracing AI. All the services they offer to their customers are aimed at drawing a map of the world with the data they get. The AIs from these companies are used to build disruptive approaches that cannot be used by established enterprises, which are threatened by these disruptions. However, most leaders underestimate the effect this will have on their businesses. In his session at 21st Cloud Expo, Rene Buest, Director Market Research & Technology Evangelism at Ara...
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
"We are a monitoring company. We work with Salesforce, BBC, and quite a few other big logos. We basically provide monitoring for them, structure for their cloud services and we fit into the DevOps world" explained David Gildeh, Co-founder and CEO of Outlyer, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, highlighted the current challenges of these transformative technologies and shared strategies for preparing your organization for these changes. This “view from the top” outlined the latest trends and developments i...
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...