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Kaizen Discovery Reports 78 Meters of 0.5 Percent Copper and 0.15 G/t Gold at Aspen Grove
Kaizen Discovery (TSXV:KZD) reported the latest drill results from its Aspen Grove project in southern British Columbia. The company intersected 78 meters of 0.5 percent copper and 0.15 grams per tonne of gold in the first hole drilled at the project’s Ketchan prospect.
Kaizen Discovery (TSXV:KZD) reported the latest drill results from its Aspen Grove project in southern British Columbia. The company intersected 78 meters of 0.5 percent copper and 0.15 grams per tonne of gold in the first hole drilled at the project’s Ketchan prospect.
As quoted in the press release:
The Aspen Grove Project covers 11,237 hectares in southern British Columbia’s premier copper porphyry belt, part way between the Copper Mountain and Highland Valley mines. Kaizen owns 60% of Aspen Grove, with Kaizen’s strategic partner, ITOCHU Corporation of Japan, owning a 40% interest.
Exploration at the Aspen Grove Project is being funded by C$4 million in dedicated financing for the project provided by ITOCHU in 2014. Approximately 7,000 metres of drilling is planned for 2015, with Kaizen as the project operator.
The initial drill hole at Ketchan, K15-01, tested a magnetic and chargeability high near the southwestern margin of the Ketchan porphyry. The hole was drilled to a depth of 390 metres, and intersected a 265.5-metre thick zone of copper-gold mineralization, starting at surface. The intersection included a 78-metre interval grading 0.50% copper and 0.15 grams per tonne (g/t) gold.
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