Kaizen Discovery Acquires 100 Percent of Pinaya Copper-Gold Project in Peru

Kaizen Discovery (TSXV:KZD) has closed its acquisition agreement with AM Gold (TSXV:AMG), and now holds 100 percent ownership of the Pinaya copper-gold project in Peru.
As quoted in the press release:

The Pinaya Project covers 192 square kilometres and includes more than 25 kilometres of strike length within the Andahuaylas-Yauri Porphyry Belt in southeastern Peru. This belt hosts numerous productive and world-class porphyry and skarn systems, including Las Bambas, Tintaya, Constancia and Haquira. Project infrastructure consists of an exploration camp with a Hydracore 2000 hydraulic diamond drill and office facilities (see photos below). The exploration camp facilities also include a dormitory, dining facilities, a first aid station, general storage bays, a diamond saw station and two permanent drill core storage facilities, one of which is used for core logging and sampling.
The Pinaya Project contains Mineral Resources within three zones that are essentially contiguous over a 1.7-kilometre strike in the central part of the property. The Western and Northwestern porphyry zones hold estimated Measured and Indicated Resources of 32.3 million tonnes at 0.39% copper and 0.44 grams per tonne (g/t) of gold, for contained metal of 280 million pounds of copper and 452,000 ounces of gold. These porphyry zones also have additional Inferred Resources of 35.4 million tonnes grading 0.40% copper and 0.27 g/t gold, containing 314 million pounds of copper and 307,000 ounces of gold.

Kaizen CEO, Matthew Hornor, said:

The acquisition of the Pinaya Project is an important step forward in the transformation of Kaizen, positioning the company for future growth. Pinaya fits well with our long-term strategy of acquiring exploration and development-stage projects of interest to our Japanese funding partners, and we look forward to continued growth in the years to come.

Click here for the full press release.