North of 60 Mining News - The mining newspaper for Alaska and Canada's North

KZD: TSX.V

Chairman: Peter Meredith

President and CEO: B. Matthew Hornor

Executive VP, Exploration: David Broughton

Kaizen Discovery Inc. is leveraging strong business ties with Japan to explore its early-stage copper projects in Nunavut, British Columbia, Australia and Africa.

Shortly after the formation of Kaizen at the end of 2013, Tokyo-based Itochu Corp. provided the exploration company with C$5.1 million to acquire distressed assets around the world.

Kaizen acquired its first B.C. properties through an all-shares buyout of West Cirque Resources Ltd., including the Aspen Grove porphyry copper-gold-silver project in the southern part of the province and the Tanzilla porphyry prospect near the northern B.C. community of Dease Lake.

In 2013, Freeport-McMoRan Corporation of Canada Ltd. was granted the right to earn an initial 51 percent interest in three projects held by Kaizen subsidiary, West Cirque Resources, by funding C$8 million over a four-year period At June 30, Freeport had invested roughly C$2.5 million toward the earn-in, including C$1.5 million on Tanzilla.

The 2015 program at Tanzilla included 1,878 meters of drilling in three holes, with two-holes targeting the central Silica Ridge alteration zone and one-hole exploring the Gopher Zone, located about 2,750 meters to the southeast.

Late in 2014, Kaizen also acquired the Coppermine project in Nunavut through a shares exchange buyout of Tundra Copper Corp. The 3,500-square-kilometer Coppermine property blankets two geologically distinct exploration targets - sediment-hosted and volcanic-hosted copper-silver mineralization.

Rock chip sampling of near-vertical mineralized structures completed by Kaizen in 2014 returned spectacular copper grades.

Highlights from the sampling include: a 2.5-meter sample averaging 10.3 percent copper and five grams per metric ton silver at the Cu-Tar prospect; a six-meter sample averaging 4.74 percent copper and 23.3 g/t silver at the Nor 98 prospect; a 10-meter chip sample averaging 4.66 percent copper and 12.2 g/t silver at the Lars prospect; a one-meter chip sample averaging 23 percent copper and 47 g/t silver at the Jack prospect; a 0.5-meter chip sample averaging 22.3 percent copper and 243 g/t silver at the Lloyd prospect; and a 3.6-meters sample averaging 10.82 percent copper and 17.1 g/t silver at the Dick prospect.

This year, Kaizen budgeted C$1.65 million for an exploration program at Coppermine that included regional mapping, sampling and drilling.

Cash and short-term deposits: C$4.4 million (June 30, 2015)

Working capital: C$4.9 million (June 30, 2015)

Market capitalization: C$27.7 million (Sept. 18, 2015)