Ivanhoe’s Kipushi zinc mine in DRC officially reopens
The restart marked exactly a century since the mine first went into production.
Mining legend Robert Friedland and his protege Matthew Hornor’s Kaizen Discovery (KZD:TSXV) continues to be one of the few extremely active junior resource companies. This morning Kaizen announced the sale of a non-core project and the preliminary exploration results from their newly acquired Coppermine project in Nunavut, Canada.
The results, although early-stage, are very promising.
In rock chip sampling across seven different site locations, assays as high as 23% copper were reported.
Highlights include:
“These results confirm the spectacular high-grade nature of copper mineralization in the basalts of the Coppermine District. This type of mineralization was the focus of a major staking rush in the 1960s. Since then, there has been little systematic exploration in the area. We look forward to further exploration in this fascinating geologic environment, which hosts a large number of these high-grade occurrences,” said B. Matthew Hornor, Kaizen’s President and CEO.
On November 12th, Kaizen announced the acquisition of Tundra Copper, a small private company, for approximately $2.5 million in shares. In return, Kaizen gets a 310 square kilometre parcel of land that is highly prospective for high-grade copper. In that same announcement, Kaizen told investors that they had been busy ground staking an additional 3,320 square kilometres of land earlier this fall.
Exploration geologist and mining entrepreneur Rob McLeod cheered the acquisition on via Twitter:
Posted by Travis McPherson
Comments
LAMB
All sounds exciting but when you put in dilution and ‘mineable’ widths, what do you have at these small intercept widths? I will wait for the Resource estimates to come out in another year.