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Kaizen Discovery Enters MOU for Financing of Pinaya Copper-Gold Project
Dec. 22, 2015 09:19AM PST
Base Metals Investing Kaizen Discovery (TSXV:KZD) has entered a non-binding memorandum of understanding (MOU) with ITOCHU Corporation of Japan for a “sizable exploration financing” for its Pinaya Copper-Gold Project.
Kaizen Discovery (TSXV:KZD) has entered a non-binding memorandum of understanding (MOU) with ITOCHU Corporation of Japan for a “sizable exploration financing” for its Pinaya Copper-Gold Project.
As quoted in the press release, Kaizen President and CEO Matthew Hornor, said:
This initial agreement sets in place the framework and commitment to continue discussions toward a comprehensive, binding agreement. We expect to complete definitive documentation in early 2016, after which we will begin a comprehensive exploration program to test Pinaya’s potential to host large-scale, copper-gold porphyry and skarn systems.