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Kenadyr Mining Corp.
Summary
| Project: | Borubai | |
|---|---|---|
| Deposit: | East Zone | |
| Location: | Kyrgyzstan | |
| Commodities: | Gold | |
| Date: | 3/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-3-2018: Kenadyr Mining Corp. announces an Exploration/Drilling Update report for its East Zone deposit at the Borubai project. Drilling results incl. 70m @ 2.09g/t Au from 189m. VANCOUVER, British Columbia, March 23, 2018 -- Kenadyr Mining (Holdings) C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brian Lueck (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, March 23, 2018 -- Kenadyr Mining (Holdings) Corp. (TSX-V:KEN) (OTC-MKTS:KNDYF) (FRA:KM0) (the “Corporation” or “Kenadyr”) is pleased to announce that the 2018 drill program at Kenadyr’s Borubai property is successfully underway and the company has received results from the first two drill holes of the season. These drill holes are collared approximately 50 meters east of the last section reported at the end of the 2017 season and demonstrate good continuity of mineralization continuing eastward from the TBL mine. The results confirm the extension of significant widespread gold mineralization to the east of the TBL Mine, operated by Zijin Mining, and the company has now stepped out a further 50 meters to the east and is continuing to track the mineralized zone. The company believes that there is a good possibility that the mineralization at the East Zone may be open pit mineable as the zone is rising in elevation. As the company continues to drill out the East Zone, it will commence a table top scoping study to determine the viability of an open pit mining scenario. Dr. Alexander Becker, Kenadyr Chief Executive Officer, states, “Kenadyr’s 2018 drill program continues to demonstrate that the mineralization comprising the orebody found at the TBL Mine, operated by Zijin, continues strongly in two directions along strike onto Kenadyr’s Borubai License. This new section (EZ-3), in combination with section EZ-1 and 2, clearly demonstrates that the mineralization found at the East Zone is an en echelon body of mineralization separate from the TBL Deposit, and that this recently drilled zone can be considered a significant new discovery.” | |
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