Click to enlarge
100%-owned by Kaizen
The Pinaya Project covers 100.65 square kilometres and includes more than 10 kilometres of strike length within the Andahuaylas-Yauri Porphyry Belt in southeastern Peru. This Eocene-Oligocene aged-belt hosts numerous productive and world-class porphyry and skarn systems, including Las Bambas, Tintaya, Constancia, Haquira, and Antapaccay.
On July 8, 2019, Kaizen announced the successful completion of permitting and new land-access and community agreements with the Pinaya community. On January 13, 2020, the Company announced the commencement of an exploration drilling program at Pinaya to test three priority targets. On March 23, 2020, the Company announced the completion of the program, with 1,946 metres completed over three drill holes. Full assay results from the drilling were announced on July 7, 2020. Assay results returned intercepts with anomalous levels of copper mineralization in all three holes. Based on observations of drill core from holes PDH-163, -164 and -165, Kaizen believes that potential exists for a large, unroofed porphyry copper system, which could extend to depth and laterally beyond the bounds of the historic geophysical surveys.
The Pinaya Project contains mineral resources within three contiguous zones over a 1.7-kilometre strike in the central part of the property. The project's estimated measured resource totals 8.2 million tonnes grading 0.33% copper and 0.60 grams per tonne (g/t) of gold, for contained metal of 27,000 tonnes of copper and 158,000 ounces of gold. The project's estimated indicated resource totals 33.5 million tonnes grading 0.32% copper and 0.46 g/t gold, for contained metal of 108,000 tonnes of copper and 497,000 ounces of gold. The project also has an Inferred resource of 40.2 million tonnes grading 0.36% copper and 0.30 g/t gold, containing 145,000 tonnes of copper and 388,000 ounces of gold.
Previous exploration on the property was focused mainly on defining the current Mineral Resources and much less on systematic regional exploration. Kaizen has reviewed existing geochemical and geophysical surveys and has identified multiple untested targets along and across the strike of the current mineral resources.
Kaizen has signed land access agreements with the community of Pinaya and individual private landholders that provide Kaizen with access rights to conduct its planned exploration program at the Pinaya Project for a two-year period. Kaizen also signed two separate agreements with the community outlining social development and employment commitments.
Pinaya camp facilities.
Pinaya core shed.
An updated National Instrument 43-101 ("NI 43-101") technical report
for the Pinaya Project was prepared jointly by Brian Cole, P.Geo and GeoSim Services Inc., with an effective date of April 26, 2016.