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Kenadyr Mining Corp.
Summary
| Project: | Borubai | |
|---|---|---|
| Deposit: | East Zone | |
| Location: | Kyrgyzstan | |
| Commodities: | Gold | |
| Date: | 12/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-12-2017: Kenadyr Mining Corp. announces an Exploration/Drilling Update report for its East Zone deposit at the Borubai project. Drilling results incl. 40m @ 6.17g/t Au from 638m. VANCOUVER, British Columbia, Dec. 29, 2017 -- Kenadyr Mining (Holdings) C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brian Lueck (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Dec. 29, 2017 -- Kenadyr Mining (Holdings) Corp. (TSX-V:KEN) (OTC-MKTS:KNDYF) (FRA:KM0) (the “Corporation” or “Kenadyr”) is pleased to announce that the company has completed the highly successful 2017 drill program at Borubai. A second section (Section EZ-2) has been completed at the East Zone which is approximately 25 meters west of Section EZ-1. These sections demonstrate good continuity of gold mineralization in this area and will provide clear guidance for the step out drilling to the east, in 2018. Kenadyr’s 2017 drilling program, designed to intersect the various areas surrounding the TBL Mining Lease which were previously drilled by the Soviet’s between 1970 and 1990, has been successful in demonstrating that significant mineralization continues both to the east and south of the Zijin-KyrgyzAltyn Mining Lease in close proximity to the TBL Mine. This drill program has intersected gold mineralization reported historically by the Soviets. Dr. Alexander Becker, Kenadyr Chief Executive Officer, states, “Kenadyr’s 2017 drill program has demonstrated 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-2), in combination with section EZ-1, 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 new discovery.” | |
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