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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kaizen Discovery Inc.
Bill Trenaman
+1-604-669-6446
www.kaizendiscovery.com

Kaizen Discovery (TSXV:KZD)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Kaizen Discovery Charts.
Kaizen Discovery (TSXV:KZD)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Kaizen Discovery Charts.