Tag Archives: Kaizen Discovery

Interview with Kaizen President and CEO, B. Matthew Hornor

YouTube, Aug 4, 2015

Kaizen Discovery (TSXV: KZD) recently participated in the Sprott Natural Resource Symposium 2015 in Vancouver, BC. In an interview with SNNLive, B. Matthew Hornor, President and CEO provided an overview of Kaizen’s business model and growth strategies.

Please view the interview here: https://www.youtube.com/watch?v=CH0Q7iQXqBA

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NEWS: Kaizen Discovery Receives Remaining Permits for Exploration at Its Coppermine Project in Nunavut, Northern Canada

Jul 30, 2015

Kaizen Discovery (TSX VENTURE:KZD) announced today that it has received the remaining land and water use permits and mineral rights required for its exploration program at the Coppermine Project in Canada’s Arctic territory of Nunavut. The company’s planned diamond drilling program, consisting of 14 holes totalling 1,500 metres, is now underway.

Kaizen’s wholly owned Nunavut operating entity, Tundra Copper Corp., reports the following:

  • The Nunavut Water Board granted an amendment to Tundra’s existing Type “B” licence, which extends the project boundaries and allows an increase in water use;
  • Aboriginal Affairs and Northern Development Canada has issued a Class “A” Land Use Permit covering all Crown Lands held by Tundra in the Coppermine Project;
  • The Kitikmeot Inuit Association has issued Land Use Licences granting Tundra authority to carry out various mineral exploration activities, including drilling on specific parcels of Inuit Owned Lands contiguous with the company’s land holdings; and
  • Nunavut Tunngavik Incorporated and Tundra have signed a Mineral Exploration Agreement, granting Kaizen rights to a 100% interest in the minerals contained in the parcels of Inuit Owned Lands. The Mineral Exploration Agreement includes a form of Mineral Production Lease and details of a net profits royalty benefiting Nunavut Tunngavik Incorporated.

The newly granted permits and mineral rights are important to Kaizen fully exploring the approximately 3,500-square-kilometre Coppermine Project.

“We are pleased to have received all of the permits we applied for, which will allow us to fully explore the prospective licences acquired and staked last year,” said Dr. David Broughton, Kaizen’s Executive Vice President, Exploration.

Kaizen’s current exploration campaign targets district-scale, sediment-hosted, stratiform copper mineralization and high-grade, volcanic-hosted copper-silver within the larger permit area. The Coppermine Project contains 115 kilometres of strike of an easterly-trending belt of Meso-Proterozoic continental flood basalts (the Coppermine River Group) and unconformably overlying marine sedimentary rocks of Neo-Proterozoic age (the Rae Group). Drill mobilization was completed on July 26 and drilling has commenced with initial holes designed to test volcanic-hosted targets.

“Kaizen is advancing discussions with various potential partners, including a number of prominent Japanese corporations, with a view of securing funding for the development of Coppermine,” said B. Matthew Hornor, Kaizen’s President and Chief Executive Officer.

About Kaizen and the Coppermine Project

Kaizen is a Canadian mineral exploration and development company. Kaizen entered into a collaboration agreement with ITOCHU Corporation of Japan in January 2014 and has access to HPX TechCo’s proprietary, geophysical, Typhoon technology under a dedicated services agreement. Kaizen’s long-term growth strategy is to work with Japanese entities to identify, explore and develop high-quality mineral projects that have the potential to produce and deliver minerals to Japan’s industrial sector.

More information on Kaizen and the Project is available at www.kaizendiscovery.com.

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NEWS: Kaizen Discovery Intersects 78 Metres of 0.5% Copper and 0.15 g/t Gold at the Aspen Grove Project in Southern BC

Jul 20, 2015

Drilling Also Commences at Tanzilla Project in Northwestern BC

Kaizen Discovery Inc. (TSX VENTURE:KZD) is pleased to report that significant copper-gold mineralization has been intersected in the first hole drilled by Kaizen at the Aspen Grove Project’s Ketchan prospect (see location map below).

The Aspen Grove Project covers 11,237 hectares in southern British Columbia’s premier copper porphyry belt, part way between the Copper Mountain and Highland Valley mines. Kaizen owns 60% of Aspen Grove, with Kaizen’s strategic partner, ITOCHU Corporation of Japan, owning a 40% interest.

Exploration at the Aspen Grove Project is being funded by C$4 million in dedicated financing for the project provided by ITOCHU in 2014. Approximately 7,000 metres of drilling is planned for 2015, with Kaizen as the project operator.

The initial drill hole at Ketchan, K15-01, tested a magnetic and chargeability high near the southwestern margin of the Ketchan porphyry. The hole was drilled to a depth of 390 metres, and intersected a 265.5-metre thick zone of copper-gold mineralization, starting at surface. The intersection included a 78-metre interval grading 0.50% copper and 0.15 grams per tonne (g/t) gold.

Table 1: Assay results for drill hole K15-01, July 2015.
Drill Hole From
(metres)
To
(metres)
Drilled
metres
Copper
(%)
Gold
(g/t)
K15-01 4.5 270 265.5 0.265 0.112
Incl. 30 58 28 0.310 0.167
and 192 270 78 0.502 0.145
and 248 262 14 1.032 0.125
Note: The true width of the drill intersections reported throughout this release is unknown as the geometry of the mineralized zone is not yet known.

The upper part of the mineralized zone (to a depth of approximately 170 metres) consists of strong magnetite-K-feldspar (potassic) and epidote alteration, veining in diorite porphyry, and intrusive and hydrothermal breccia. Chalcopyrite (copper mineralization) occurs in magnetite and chalcopyrite-pyrite veins and as disseminations. Below 201 metres, the higher-grade chalcopyrite mineralization occurs mainly in hydrothermal breccia with remnant potassic alteration overprinted by intense epidote, chlorite, sulphide stringers and disseminations.

The highest copper grades occur in the deepest part of the intersection, which from 248 to 262 metres returned 1.03% copper and 0.13 g/t gold over 14 metres. This interval also returned 126 ppm (parts per million) molybdenum.

The assayed copper grades reported to date at the Ketchan prospect are consistent with average head grades of mines operating in the region. In Q1 2015, the average copper grade of ore milled at Teck Resources’ Highland Valley Mine was 0.31% copper and at the Copper Mountain Mine, 25% owned by Mitsubishi Materials Corporation, it was 0.345%.*

“We are very encouraged that our first drill hole at the Ketchan prospect has yielded significant copper-gold mineralization over a lengthy interval,” said B. Matthew Hornor, President and CEO. “We plan to undertake step-out drilling from this intercept later in the summer after completing the rest of our planned initial 10 exploration holes at Aspen Grove.”

*Source: Copper Mountain Mining Corporation and Teck Resources Q1 2015 production results.

To view the map of the location of the Ketchan and Par prospects at Kaizen’s Aspen Grove Project, please visit the following link: http://media3.marketwire.com/docs/MapLocationKetchanParProspectsKaizensAspenGroveProject.pdf.

The second drill hole in the Ketchan program, K15-02b, was collared 255 metres east of K15-01 and tested a second magnetic and chargeability high near the southwestern margin of the Ketchan diorite. K15-02b was completed at 485 metres after intersecting the contact between the diorite and Nicola Group marine sedimentary rocks at 401 metres. A 386-metre thick zone of copper-gold mineralization was intersected.

Table 2: Assay results for drill hole K15-02b, July 2015.
Drill Hole From
(metres)
To
(metres)
Drilled
metres
Copper
(%)
Gold
(g/t)
K15-02b 4.65 391 386.35 0.136 0.097
Incl. 57 129 72 0.340 0.060
and 275 351 76 0.141 0.268

Higher grade mineralization between 57 and 129 metres is marginal to the magnetic high and is associated with multi-stage texturally destructive alteration including early potassic and later epidote, chlorite, actinolite, albite and chalcopyrite. Higher gold values (up to 1.81 g/t over a single 2-metre sample width) in the lower zone occur at depth beneath the magnetic high.

Exploration at Ketchan is continuing with 150- to 250-metre spaced drill holes, designed to test the entire 300-to-500 by 1,800-metre-long mineralized system as defined by airborne magnetics, geological mapping and rock sampling, and induced polarization surveys. Follow-up drilling is expected once the initial program is complete.

To view the photo of the mineralized copper drill core from Ketchan prospect, please visit the following link: http://media3.marketwire.com/docs/mineralizedcopperdrillcoreketchanprospect.pdf.

Drill results at Par prospect

The Par prospect west of Ketchan contains a central chargeability and magnetic high not tested by Kaizen’s 2014 drill program. This anomaly was tested by drill hole AG15-01, which intersected over 100 metres of mineralized breccia from surface before being completed at a depth of 459 metres.

Table 3: Assay results for drill hole AG15-01, July 2015.
Drill Hole From
(metres)
To
(metres)
Drilled
metres
Copper
(%)
Gold
(g/t)
AG15-01 1.8 105 103.2 0.204 0.084
Incl. 1.8 75 73.2 0.245 0.096
Incl. 48 75 27.0 0.380 0.114

Mineralization consists of polyphase magnetite-hematite-pyrite-chalcopyrite stockwork veining and disseminated sulphides in a hydrothermal breccia which cuts chlorite-silica altered microdiorite porphyry. The porphyry intrudes a thick sequence of intensely phyllic altered, silicified quartz-feldspar porphyry and volcanics containing widespread quartz-pyrite-molybdenite veins and minor disseminated sphalerite.

Table 4: Azimuth and dip of Ketchan and Par prospect drill holes.
Drill Hole Azimuth
(degrees)
Dip
(degrees)
Length
(metres)
K15-01 30 -60 390
K15-02b 235 -60 485
AG15-01 110 -50 459

Tanzilla Project

Drilling also has been initiated at the Tanzilla Project near Dease Lake, in northwestern BC. Approximately 1,800 metres of drilling is planned to test deep porphyry potential of the Silica Ridge and Gopher Zone targets in 2015. The Tanzilla program is being funded under an Earn-in Agreement by Freeport-McMoRan Corporation of Canada Limited, a wholly owned, indirect subsidiary of Freeport-McMoRan Copper & Gold Inc. Freeport can earn an initial 51% interest by funding cumulative expenditures of C$8 million over a four-year period. Kaizen is the operator under the agreement for the 2015 program.

Qualified Person

Kaizen’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by John Bradford, M.Sc., P.Geo. a geological consultant for Kaizen, who serves as a Qualified Person as defined under National Instrument 43-101. Mr. Bradford is not independent of Kaizen for purposes of NI 43-101.

Drill-core samples (2-metre sample length) for the Aspen Grove Project were prepared at Kaizen’s core logging facility in Merritt, BC, and samples were shipped to ALS Minerals’ preparation lab in Kamloops, BC. Ketchan samples were analyzed at ALS’s ISO 9001:2008-certified North Vancouver laboratory for gold, platinum and palladium by fire assay and ICP-AES, and for 35 elements, including copper, molybdenum and silver, by ICP-AES using an aqua regia digestion. Par samples were analyzed at ALS’s ISO 9001:2008-certified North Vancouver laboratory for gold by fire assay and ICP-AES, and for 35 elements, including copper, molybdenum and silver, by ICP-AES using a four acid digestion. Core intervals cited above represent apparent, not true widths; true widths are not known. Assay intervals above have been calculated with no cutoff value. Blanks, standards and duplicate samples were inserted into the sample sequence with a ratio of approximately one sample out of 15. The 2015 drilling program and sampling protocol is supervised by Nils Peterson, M.Sc, P.Geo, a geological consultant for Kaizen, and by John Bradford, M.Sc., P.Geo. Mr. Bradford has verified the data disclosed in this news release.

About Kaizen Discovery
Kaizen is a Canadian mineral exploration and development company. Kaizen entered into a collaboration agreement with ITOCHU Corporation of Japan in January 2014 and has access to HPX TechCo’s proprietary, geophysical, Typhoon technology under a dedicated services agreement. Kaizen’s long-term growth strategy is to work with Japanese entities to identify, explore and develop high-quality mineral projects that have the potential to produce and deliver minerals to Japan’s industrial sector.

More information on Kaizen is available at www.kaizendiscovery.com.

Full release

NEWS: Kaizen Discovery to Participate in Upcoming Investor Conferences in Vancouver and New York

Jul 16, 2015

Kaizen Discovery (TSX VENTURE:KZD) announced today its participation in forthcoming investor conferences in Vancouver and New York.

  • July 28 to 31: Sprott-Stansberry Vancouver Natural Resource Investment Conference, Fairmont Hotel Vancouver. B. Matthew Hornor, Kaizen’s President and Chief Executive Officer, and Dr. David Broughton, Executive Vice President, Exploration, will be presenting on July 30 at 3:45 to 4:15pm to provide a progress update on the company’s activities since last year’s inaugural conference in Vancouver. Attendees are invited to meet members of the Kaizen team and view information on Kaizen’s exploration projects at booth 6.
  • September 8 to 10: Rodman and Renshaw’s 17th Annual Global Investment Conference, St. Regis Hotel, New York. Mr. Hornor and Dr. Broughton will be presenting and meeting with investors at the conference.

About Kaizen Discovery
Kaizen is a Canadian mineral exploration and development company. Kaizen entered into a collaboration agreement with ITOCHU Corporation of Japan in January 2014 and has access to HPX TechCo’s proprietary, geophysical, Typhoon technology under a dedicated services agreement. Kaizen’s long-term growth strategy is to work with Japanese entities to identify, explore and develop high-quality mineral projects that have the potential to produce and deliver minerals to Japan’s industrial sector.

More information on Kaizen is available at www.kaizendiscovery.com.

Full release

NEWS: Kaizen Discovery Achieves Important Permitting Milestone at the Coppermine Project in Nunavut, Northern Canada

Jul 14, 2015

Kaizen Discovery (TSX VENTURE:KZD) announced today that the company’s plan for an expanded exploration program at its Coppermine Project in Canada’s Arctic territory of Nunavut has received a positive screening review by the Nunavut Impact Review Board.

The decision by the Nunavut Impact Review Board (NIRB), following its comprehensive review, means that final processing of the required permits for an expanded, multi-year exploration program may proceed. Kaizen’s existing permits cover an area of 350 square kilometres, that in light of the NIRB decision is expected to expand to encompass approximately 3,500 square kilometres.

Kaizen intends to focus this summer’s exploration campaign on district-scale, sediment-hosted, stratiform copper mineralization within the larger permit area. As part of this program, the company will implement its carefully developed Wildlife and Environmental Impact Mitigation Plan. Camp construction and mobilization of equipment and supplies are underway, with diamond drilling expected to commence later this month.

Also during this month, Kaizen will be hosting property tours at the Coppermine Project for executives of several Japanese corporations with the objective of selecting a project funding partner or partners. In addition to a detailed project review, potential partners will visit the Hamlet of Kugluktuk where they will meet members of the community and be introduced to Inuit culture and traditions.

“We are very encouraged by the Nunavut review board’s screening decision,” said B. Matthew Hornor, President and CEO of Kaizen.

“Since initiating the permitting process, we have worked diligently to engage with the community of Kugluktuk and the various agencies and organizations involved in the assessment and monitoring of the Coppermine Project. In the process, we’ve gained a deep appreciation for the concerns, customs and values of the people of Nunavut. In particular, we welcome the support that the project has received from the community of Kugluktuk, the Kugluktuk Hunters and Trappers Organization and the Kitikmeot Inuit Association.”

The NIRB decision may be viewed in the “Public Registry” at www.nirb.ca.

About Kaizen and the Coppermine Project

Kaizen is a Canadian mineral exploration and development company. Kaizen entered into a collaboration agreement with ITOCHU Corporation of Japan in January 2014 and has access to HPX TechCo’s proprietary, geophysical, Typhoon technology under a dedicated services agreement. Kaizen’s long-term growth strategy is to work with Japanese entities to identify, explore and develop high-quality mineral projects that have the potential to produce and deliver minerals to Japan’s industrial sector.

The 3,500-square-kilometre Coppermine Project contains 115 kilometres of strike of an easterly-trending belt of Meso-Proterozoic continental flood basalts (the Coppermine River Group) and unconformably overlying marine sedimentary rocks of Neo-Proterozoic age (the Rae Group). The belt has numerous showings and occurrences that demonstrate its prospectivity for two distinct deposit types: sediment-hosted stratiform copper-silver and structurally controlled, volcanic-hosted copper-silver.

More information on Kaizen and the Project is available at www.kaizendiscovery.com.

Full release