Kaizen Discovery Inc V.KZD

Pinaya Drilling............

[shneps]

Kaizen finally moving ahead with new exploration drilling of the Pinaya properties in Peru. They had two years to scan all the data and pick up rocks. Now it's time to see if they are any good at it.
Cheers


Vancouver, British Columbia--(Newsfile Corp. - January 13, 2020) - Kaizen Discovery Inc. (TSXV: KZD) (otherwise "Kaizen" or "the Company") is pleased to announce the commencement of a 1,500-metre exploration drilling program at its 100%-owned Pinaya Copper-Gold Project, located in the prolific Andahuaylas-Yauri Porphyry-Skarn Belt in southeastern Peru.......Diamond Drilling to Test Three Priority Targets
The first 500 metres of the 2020 diamond drill program will target the previously-untested Pedro Dos Mil prospect, located just over 2 km due east of the current Mineral Resource (Figure 2).
Pedro Dos Mil is defined by an outcropping suite of granodiorite to quartz-diorite porphyries and associated breccias with potassic alteration; mineralized "A" - type porphyry veins with copper oxides after chalcopyrite; prominent soil copper and gold anomalies; as well as a ground-magnetic high and a chargeability anomaly.
The next 1,000 metres of diamond drilling will focus on the Cerro Antaa and Viscachani targets, identified following detailed surface mapping and re-logging of core drilled by previous operators.
The Cerro Antaa target is a conceptual unroofed porphyry below an outcropping advanced argillic lithocap. The partially-covered Viscachani target is defined by chargeability and magnetic anomalies potentially associated with a potassic-altered intrusive centre.
Based on the results received, Kaizen may look to expand the drilling program.
Figure 2. The 2020 Pinaya drill program will target three priority areas identified by Kaizen's technical team, including Pedro Dos Mil, Cerro Antaa and Viscachani.

[vanex]

Two years wasted for nothing and all they had to do was to contact previous owners of this property to get a necessary permits and all this information

[explman]

Curious how the previous owners could have issued the permits they needed. Care to comment?

[vanex]

I understand that previous owners had all permits in hand but there was some extra payments to be made to them and KZD directors decided to go ahead and apply for their own permits. I am not associated with previous owners so I don't know for sure but this is what I heard.

[explman]

Sounds like fake news. Too bad the previous owners can not confirm.

[shneps]

It was actually the Consulta Priva that took so long to get. The previous owner did not hold this consultation permit. Mind you that was approved back in July. Obviously since that time they have been trying to find somebody to pay for the drilling but to no avail. Once again I-Pulse (Robert Friedland) chipped in the money, incurring more dilution but increasing their ownership. The one highlight

[MegaPeezies]

They actually had a bunch of hurdles to clear with the government. Those take awhile in that country.