Kaizen Discovery Files NI 43-101 Technical Report for Fairholme Copper-Gold Project in Australia
2014年3月11日 - 8:24AM
Marketwired
Kaizen Discovery Files NI 43-101 Technical Report for Fairholme
Copper-Gold Project in Australia
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 10, 2014) -
Kaizen Discovery (TSX-VENTURE:KZD) announced today that it has
filed an independent technical report for the Fairholme copper-gold
porphyry exploration project in central New South Wales, Australia.
The report was prepared by SRK Consulting (Australasia) Pty. Ltd.,
in accordance with National Instrument 43-101 Standards of
Disclosure for Mineral Projects, and is available on the company's
profile on SEDAR and on the Kaizen website at
www.kaizendiscovery.com.
The report provides information on the project's history,
previous exploration results and exploration potential; it also
recommends that Kaizen undertake a further 3-D induced-polarization
survey on the property, followed by diamond drilling of targets
that are generated. A second-phase drill program is recommended to
delineate the extent of any promising mineralization that is
encountered.
The technical report has been prepared and filed in satisfaction
of an undertaking made to the TSX Venture Exchange in connection
with the December 2013 reverse take-over involving Concordia
Resource Corp., which created Kaizen.
Fairholme is an early-stage exploration project targeting
porphyry-related gold and copper mineralization within the
Fairholme Igneous Complex, which forms part of the Macquarie Arc
that hosts porphyry copper-gold deposits at Cadia and Northparkes.
The project consists of two tenements that cover approximately 172
square kilometres.
The Fairholme Project is being explored by Kaizen under the
terms of an earn-in agreement between ASX-listed Clancy Exploration
Limited and Kaizen. Kaizen already has earned a 49% interest in the
project. The agreement gives Kaizen the right to increase its
interest in the project to 65% by funding an additional A$4 million
in exploration over the next two years. Kaizen can further increase
its stake up to 95% by funding additional, staged programs leading
to a feasibility study.
About Kaizen Discovery
Kaizen is a Canadian, technology-focused, mineral exploration
company that was 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. Kaizen's
existing portfolio of exploration projects consists of Ebende and
Kabongo in the Democratic Republic of Congo, Fairholme in Australia
and Kerboulé in Burkina Faso. With its collaboration agreement with
ITOCHU, the company's long-term growth strategy is to produce and
deliver minerals to Japanese industries. A strong management team
and an experienced board, combined with the improved project
portfolio and access to HPX TechCo's leading-edge, proprietary
technology, will help enable Kaizen to more effectively identify
and advance world-class mineral projects.
More information on Kaizen is available at
www.kaizendiscovery.com.
Neither the 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 future
earn-in to the Fairholme Project and future expenditures.
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.
Kaizen DiscoveryBill
Trenaman+1-604-669-6446www.kaizendiscovery.com
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