Kaizen Discovery Inc. [KZD-TSXV] has announced significant copper-gold mineralization has been intersected in 12 of 13 diamond drill holes from the remainder of its 2015 drilling program on the Ketchan copper-gold porphyry prospect at its Aspen Grove Project in southern BC.
Drill hole assay highlights from the Ketchan prospect include:
- 68 metres grading 0.40% copper and 0.34 grams per tonne (g/t) gold (0.65% copper equivalent) in drill hole K15-11;
- 26 metres grading 1.05% copper and 0.05 g/t gold (1.09% copper equivalent) in drill hole K15-10; and
- 72 metres grading 0.31% copper and 0.20 g/t gold (0.46% copper equivalent) in drill hole K15-03.
All 13 drill holes intersected potassic and/or calc-potassic alteration within the host Ketchan Lake intrusive stock. Kaizen tested and confirmed the size of the porphyry body and continuity of mineralization across 1,800 metres of strike length. Due to widely spaced drilling (150 to 250 metres between collars) and shallow historic drilling, the system remains open in most directions.
Total diamond drilling meterage for the 2015 program at Aspen Grove was 6,483 metres in 14 holes, including one hole at the Par prospect and 13 at the Ketchan prospect. Results from the Par (AG15-01) and first two Ketchan holes (K15-01 and 02b) previously were reported and included a 78-metre interval grading 0.50% copper and 0.15 g/t gold (0.61% copper equivalent) in hole K15-01 (see Kaizen’s news release on July 20, 2015).
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 $4 million in dedicated financing for the project provided by ITOCHU, with Kaizen as the operator.
Exploration at the Ketchan prospect is targeting a 300-to-500 by 1,800-metre long, north-northwest trending, copper-gold mineralized porphyry system, as defined by airborne magnetics, geological mapping, rock sampling and induced polarization surveys. The mineralized system is hosted in the Ketchan Lake intrusive stock, and is characterized geophysically by a central zone of high chargeability flanked by parallel magnetic highs. The 2015 drill program tested these geophysical targets with inclined holes spaced at 150 to 250 metres, over a strike length of 1,800 metres.
“We are very encouraged that drilling has yielded significant copper-gold mineralization over lengthy intervals throughout the Ketchan porphyry system, and in particular the presence of high copper and gold grades at shallow depths,” said B. Matthew Hornor, President and CEO. “We plan to follow up next field season with a focused drilling program aimed at expanding these high-grade zones, utilizing funding already in place.”
See company website for more details and assay tables.