Tag Archives: nunavut

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 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