Dec 12 2014
Kaizen Discovery Inc. is pleased to announce that drilling at the Par prospect of its Aspen Grove Project has intersected widespread alteration and copper (Cu), zinc (Zn), molybdenum (Mo), silver (Ag) and gold (Au) mineralization. The Par prospect was tested by four diamond drill holes totalling 2,012 metres over a strike length of 880 metres.
Drilling highlights include a nine-metre interval in hole AG14-01 assaying 0.241% copper, 0.79% zinc and 6.4 grams per tonne (g/t) silver; and a 16-metre interval in hole AG14-02 assaying 0.313% copper.
The induced polarization (IP) and phase one drill programs were the initial step in a two-year, C$4 million campaign funded by ITOCHU Corporation to aggressively explore key targets at the Aspen Grove Project. Aspen Grove is favourably situated in southern B.C.'s premier porphyry belt, 45 kilometres north of the Copper Mountain Mine and 85 kilometres south of the Highland Valley Mine. Kaizen's mineral claims comprising the Aspen Grove Project cover 11,237 hectares.
"These results confirm the existence of at least two distinct types of mineralized systems at Aspen Grove and when taken together with recently completed geophysics, yield a series of high priority, future drill targets. Subject to final input from our project partners, we look forward to further exploration in 2015 at Par and other copper prospects at the Aspen Grove Project," said B. Matthew Hornor, Kaizen's President and Chief Executive Officer.
Kaizen and ITOCHU are party to a framework agreement that established a collaborative working arrangement under which both companies agreed to evaluate opportunities to explore and develop selected, high-quality, international mineral projects. Aspen Grove is the first such project.
Kaizen announced the receipt of C$4 million in project financing from ITOCHU on August 22, 2014, following the execution of a definitive investment agreement, whereby ITOCHU earned a 40% interest in the Aspen Grove Project.
All drill holes intersected broad intervals of intense silicification and phyllic (quartz-sericite-pyrite) to advanced argillic (pyrophyllite, dickite, diaspore, kaolinite) alteration in high-level quartz-feldspar porphyry intrusions and related submarine felsic volcanic and volcaniclastic rocks. In addition, drill hole AG14-02 intersected a well mineralized diorite porphyry intrusion underlying a mineralized breccia pipe.
Source: http://www.kaizendiscovery.com/