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
DevOps and microservices are permeating software engineering teams broadly, whether these teams are in pure software shops but happen to run a business, such Uber and Airbnb, or in companies that rely heavily on software to run more traditional business, such as financial firms or high-end manufacturers. Microservices and DevOps have created software development and therefore business speed and agility benefits, but they have also created problems; specifically, they have created software securi...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business. Though, IoT is far more complex than most firms expected with a majority of IoT projects having failed. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, Chief IoTologist at Wipro, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology portfolios and business models to adopt and leverage IoT. He will delve in...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at @ThingsExpo, Steve Wilkes, CTO and founder of Striim, will delve into four enterprise-scale, business-critical case studies where streaming analytics serves as the key to enabling real-time data integration and right-time insights in hybrid cloud, IoT, and fog computing environments. As part of this discussion, he will also present a demo based on its partnership with Fujitsu, highlighting their technologies in a healthcare IoT use-case. The demo showcases the tracking of pati...
Tricky charts and visually deceptive graphs often make a case for the impact IT performance has on business. The debate isn't around the obvious; of course, IT performance metrics like website load time influence business metrics such as conversions and revenue. Rather, this presentation will explore various data analysis concepts to understand how, and how not to, assert such correlations. In his session at 20th Cloud Expo, Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Sys...
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Stratoscale, the software company developing the next generation data center operating system, exhibited at SYS-CON's 18th International Cloud Expo®, which took place at the Javits Center in New York City, NY, in June 2016.Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere, IT is empowered to take control of their data ce...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change the...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
To manage complex web services with lots of calls to the cloud, many businesses have invested in Application Performance Management (APM) and Network Performance Management (NPM) tools. Together APM and NPM tools are essential aids in improving a business's infrastructure required to support an effective web experience... but they are missing a critical component - Internet visibility.
Both SaaS vendors and SaaS buyers are going “all-in” to hyperscale IaaS platforms such as AWS, which is disrupting the SaaS value proposition. Why should the enterprise SaaS consumer pay for the SaaS service if their data is resident in adjacent AWS S3 buckets? If both SaaS sellers and buyers are using the same cloud tools, automation and pay-per-transaction model offered by IaaS platforms, then why not host the “shrink-wrapped” software in the customers’ cloud? Further, serverless computing, cl...