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Kenadyr Mining Corp.
Summary
| Project: | Borubai | |
|---|---|---|
| Deposit: | East Zone | |
| Location: | Kyrgyzstan | |
| Commodities: | Gold | |
| Date: | 6/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-6-2017: Kenadyr Mining Corp. announces an Exploration/Drilling Update report for its East Zone deposit at the Borubai project. Drilling results incl. 50m @ 8.15g/t Au from 151m. VANCOUVER, BC – (June 19, 2017) - Kenadyr Mining (Holdings) Corp. (TSX-V: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brian Lueck (Internal) | |
| ABSTRACT: | VANCOUVER, BC – (June 19, 2017) - Kenadyr Mining (Holdings) Corp. (TSX-V: KEN; OTCMKTS: KNDYF; FRA: KM0) (the “Corporation” or “Kenadyr”) is pleased to announce that the second drill hole of the 2017 season, collared at the East Zone on Kenadyr’s 100% owned Borubai License, Kyrgyz Republic, has intersected 50 meters at 8.15 g/t Au, from a downhole depth of 151 m to 201m. The East Zone, as is the case with the previously drilled South Zone (40m @ 6.17 g/t Au in drill hole SZ-1-17), is directly adjacent to Zijin Mining Group Co Ltd.’s (“Zijin”) Taldy Bulak Levoberejnyi (TBL) Mine, currently in production. The East Zone intersection, from drill hole EZ-1-17, is approximately 1 km from drill hole SZ-1-17, which was drilled in the South Zone. Zijin’s TBL Deposit occurs directly between these two drill holes. Both drill holes encountered identical mineralization consisting of pervasive quartz-tourmaline-pyrite stockwork veining. This mineralization is consistent with the mineralization being mined at the TBL Deposit. Kenadyr’s initial drilling was designed to intersect the various areas surrounding the TBL Mining Lease, which were previously drilled by the Soviets between 1970 and 1990, and where significant gold mineralization was reported. Subject to additional drilling results, Kenadyr’s initial drill holes SZ-1-17 and EZ-1-17 confirm the presence of highly significant widespread gold mineralization reported historically by the Soviets, however these drill holes also encountered stronger and thicker mineralization than was previously reported from both the South Zone and the East Zone. These intersections confirm that significant widespread gold mineralization exists on Kenadyr’s license directly adjacent to the TBL Mine, and that this mineralization continues in both directions along strike from the TBL Deposit. | |
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