Kaizen Discovery Inc. announced today that it has commenced with its 2016 exploration drilling program at the company's Aspen Grove Project. Approximately 3,500 metres of drilling, in eight holes, is planned for this year's program.
The 2016 exploration program will follow up on significant 2015 drill intercepts within the Ketchan porphyry system; test new targets on the eastern margin of a major interpreted controlling structure; and test beneath undrilled surface mineralization and historic drill holes that ended in mineralization.
The Aspen Grove Project covers 112 km2 near the city of Merritt in southern British Columbia's premier porphyry copper belt, part way between the Copper Mountain and Highland Valley copper mines. The project covers part of an extensive belt of porphyry copper-gold mineralization hosted by Early Triassic Nicola Group volcanic rocks and Late Triassic to Early Jurassic intrusions.
Kaizen owns 60% of Aspen Grove and is the project's operator, with Kaizen's strategic partner, ITOCHU Corporation of Japan, owning the other 40% interest.
The 2016 exploration program at the Aspen Grove Project is being funded by the dedicated project financing provided for the Aspen Grove Project by ITOCHU in 2014.