News Releases

Kaizen Discovery provides exploration update for the Pinaya Copper-Gold Project in Peru

March 24, 2021

Kaizen Discovery Inc. (TSXV: KZD) is pleased to provide an exploration update for its 100%-owned Pinaya Copper-Gold Project. The Pinaya Project is located in the prolific Andahuaylas-Yauri Porphyry-Skarn Belt in southeastern Peru, which contains some of the world’s largest recent copper mine developments.

Highlights:

  • Historic shallow-penetrating Induced Polarization (“IP”) geophysical surveys highlight several shallow chargeability anomalies, coincident with gold and geochemical anomalies, over a 6 km long by 2 km wide zone. These have high potential for skarn and vein-related gold mineralization and are mostly untested by drilling.
  • Kaizen is planning to test these gold targets with up to ten, 300 m diamond drill holes.
  • Planning is also underway for an IP-resistivity survey using the proprietary deep-penetration Typhoon(tm) high-power transmitter system owned by parent company HPX TechCo Inc. (“HPX”) – a wholly-owned subsidiary of High Power Exploration Inc., to trace the Pinaya Mineral Resource and shallow chargeability anomalies to depth, to identify deeper concealed mineralized bodies within the 10 km-long Pinaya hydrothermal system, and to explore beneath Miocene cover rocks west of the Mineral Resource.

“This planned program is an exciting new phase in the advancement of the Pinaya Project. The existing Pinaya Mineral Resource is only part of a much larger hydrothermal system, with plenty of scope for new discoveries.” commented Eric Finlayson, Kaizen’s interim Chief Executive Officer.

Planned 2021 Drill Program

Multiple untested shallow gold targets have been identified by Kaizen after reviewing historical geophysical and geochemical data, combined with Kaizen’s more recent geologic mapping and soil re-sampling. Of the seven large chargeable features identified, only three have been partially drill tested in the past with encouraging results. The focus of exploration by previous operators was to define the current Pinaya Mineral Resource and much less on drill-testing regional exploration targets.

The first phase of the 2021 diamond drill plan at Pinaya will comprise up to 3,000 m of diamond drilling over 10 holes (~300 m each) across six of the seven shallow gold targets (see Figure 1 below).  Strike extensions of mineralized cross structures in the area of the Pinaya Mineral Resource are also planned to be drilled.

Permitting of the drill holes is underway and the Company is considering available options to finance the exploration program.

Planned 2021 Typhoon(tm) Deep-Penetration IP-Resistivity Survey

As indicated previously (refer to Kaizen’s news release dated July 7, 2020), an IP-resistivity survey using HPX’s proprietary deep-penetration Typhoon(tm) high-power transmitter system is planned to trace the Pinaya Mineral Resource and shallow chargeability anomalies to depth, to identify deeper concealed bodies of mineralization within the 10 km-long Pinaya hydrothermal system and to explore beneath Miocene cover rocks to the west of the Puno Group host rock sequence. Subject to Typhoon(tm) availability, this survey could commence as early as May.

Please see the Kaizen news release for complete details.


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