Kaizen Discovery Inc. (TSX VENTURE:KZD) announced today that its Phase 1 diamond
drilling has started at the Tanzilla Copper-Gold Porphyry Project in
northwestern British Columbia. Phase 1 is scheduled to include a minimum of
1,600 metres in three holes and will be the first known drilling campaign
testing Tanzilla's lithocap porphyry target at this prospective property in one
of B.C.'s most prolific copper districts. 


The 4,625-hectare Tanzilla property is 100%-owned by Kaizen's wholly-owned
subsidiary, West Cirque Resources, which Kaizen acquired in an all-share
transaction that closed on July 7, 2014.


The primary goal of the Phase 1 drilling program is to test a 2,000-metre by
1,500-metre chargeability anomaly underlying and flanking a 1,500-metre by
1,000-metre silica-advanced argillic alteration zone, or lithocap, known as
Silica Ridge. The current drilling is expected to test the zone to a depth of at
least 500 metres below surface. The chargeability anomaly is open to the east
and south. 


Tanzilla is 20 kilometres southeast of Dease Lake, approximately eight
kilometres east of Highway 37 and 69 kilometres north of Imperial Metal's Red
Chris Mine. Previous exploration on the property by West Cirque Resources,
Kennco, Utah Mines and others identified a seven-kilometre-long alteration zone
in mafic volcanics and dioritic to monzonitic intrusive rocks inferred to be
Early Jurassic in age. 


Kaizen's Phase 1 Tanzilla drilling program is being funded by Freeport-McMoRan
of Canada Limited, a wholly-owned, indirect subsidiary of Freeport-McMoRan Inc.,
as part of an earn-in agreement. Freeport can earn an initial 51% interest by
funding cumulative expenditures of C$8 million over a four-year period,
including C$1.5 million of mandatory expenditures in the first 18 months. Kaizen
is the operator of the 2014 exploration program. 


Disclosures of a technical or scientific nature in this news release have been
reviewed and approved by John Bradford, M.Sc., P.Geo., Kaizen's Chief Geologist
and a Qualified Person under the definition of National Instrument 43-101.


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. With its collaboration agreement with ITOCHU 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 that have the potential to produce and deliver minerals to
Japan's industrial sector.


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 news release that are forward-looking statements are subject
to various risks and uncertainties concerning the specific factors disclosed
here and elsewhere in Kaizen's periodic filings with Canadian securities
regulators. When used in this news release, words such as "will, could, plan,
estimate, expect, intend, may, potential, should," and similar expressions, are
forward-looking statements. Information provided in this document is necessarily
summarized and may not contain all available material information.


Forward-looking statements may include, without limitation, statements regarding
the number of holes and metres that are planned to be drilled in the Phase 1
drilling program at the Tanzilla Property.


Although Kaizen has attempted to identify important factors that could cause
actual results, performance or achievements to differ materially from those
contained in the forward-looking statements, there can be other factors that
cause results, performance or achievements not to be as anticipated, estimated
or intended. There can be no assurance that such information will prove to be
accurate or that management's expectations or estimates of future developments,
circumstances or results will materialize. As a result of these risks and
uncertainties, the proposed transaction could be modified, restricted or not
completed, and the results or events predicted in these forward-looking
statements may differ materially from actual results or events. 


Accordingly, readers should not place undue reliance on forward-looking
statements. The forward-looking statements in this news release are made as of
the date of this release. Kaizen disclaims any intention or obligation to update
or revise such information, except as required by applicable law, and Kaizen
does not assume any liability for disclosure relating to the other company
mentioned herein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
B. Matthew Hornor
President and CEO
+1-604-669-6446
matthew@kaizendiscovery.com


Bill Trenaman
+1-604-669-6446
bill@kaizendiscovery.com

Kaizen Discovery (TSXV:KZD)
過去 株価チャート
から 5 2024 まで 6 2024 Kaizen Discoveryのチャートをもっと見るにはこちらをクリック
Kaizen Discovery (TSXV:KZD)
過去 株価チャート
から 6 2023 まで 6 2024 Kaizen Discoveryのチャートをもっと見るにはこちらをクリック