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Project: | Borubai | |
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Deposit: | East Zone | |
Location: | Kyrgyzstan | |
Commodities: | Gold | |
Date: | 10/31/2017 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 31-10-2017: 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 - October 31, 2017 Kenadyr Mining (Holdings) Corp. (TSX-V: | |
Resources: | x | |
CP/QP: | [Overall Report]: Brian Lueck (Internal) | |
ABSTRACT: | VANCOUVER, BC - October 31, 2017 Kenadyr Mining (Holdings) Corp. (TSX-V: KEN: OTC-MKTS: KNDYF; FRA: KM0) (the “Corporation” or “Kenadyr”) is pleased to announce the first 9 drill holes at The East Zone. The Corporation has completed drilling to define the extent of mineralization on the section approximately 100 meters from the boundary to Zijin Mining Group Co Ltd.’s (“Zijin”) Taldy Bulak Levoberejnyi (“TBL”) Mine, and directly on strike from the last mine section of the TBL Orebody. Although the TBL Mine is highly variable in shape and grade from section to section, the section defined on Kenadyr’s Borubai License is typical of the sections within the TBL Orebody. As well, previously announced Hole SZ-1-17 (40m @ 6.17 g/t Au and 5m @ 5.8 g/t Au) intersected what appears to be the extension of the TBL Orebody to the South, an area of gold mineralization (partially defined by extensive (over 98,200 meters on the Borubai Licenses) historic Soviet drilling). The mineralized zones extending in both directions onto the Borubai License (South Zone and East Zone) are open along strike, and well mineralized at the current extent of drilling. Kenadyr is continuing with the drill program on the East Zone, initially stepping out drill fans on 50 meter sections, to test for the strike extension of the mineralization defined in these initial 9 drill holes. The mineralized zone (East Zone) on Kenadyr’s Borubai License is rising in elevation (as compared to the TBL orebody) and the Corporation intends to evaluate the East Zone as a potential open pit mining target. | |
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