Jul 18 2014
Kaizen Discovery Inc. 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.
Source: http://www.kaizendiscovery.com/