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Project: | Borubai | |
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Deposit: | South Zone | |
Location: | Kyrgyzstan | |
Commodities: | Gold | |
Date: | 5/25/2017 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 25-5-2017: Kenadyr Mining Corp. announces an Exploration/Drilling Update report for its South Zone deposit at the Borubai project. Drilling results incl. 40m @ 6.17g/t Au from 638m. VANCOUVER, BC – (May 25, 2017) - Kenadyr Mining (Holdings) Corp. (TSX-V: | |
Resources: | x | |
CP/QP: | [Overall Report]: Brian Lueck (Internal) | |
ABSTRACT: | VANCOUVER, BC – (May 25, 2017) - Kenadyr Mining (Holdings) Corp. (TSX-V: KEN; OTCMKTS: KNDYF; FRA: KM0) (the “Corporation” or “Kenadyr”) is pleased to announce that drilling at the South Zone of Kenadyr’s 100% owned Borubai License , Kyrgyz Republic, has intersected widespread gold mineralization including 40 meters at 6.17 g/t Au. The South Zone is directly adjacent to Zijin Mining Group Co Ltd.’s (“Zijin”) Taldy Bulak Levoberejnyi (“TBL”) Mine deposit, currently in production. Initial drilling was designed to intersect an area which was previously drilled by the Soviets between 1970 and 1990, and which intersected significant gold mineralization. The current drill hole provides support for the validity of the historic Soviet results and indicates that widespread gold mineralization may exist on Kenadyr’s license directly adjacent to (within 100 meters of) the TBL Mine. The South Zone is open in three directions and to depth, and there are strong indications that it connects to the TBL deposit. Core recovery is >95% and all intervals have been assayed using fire assay methods at an internationally accredited laboratory (ALS Global). The hole has reached its target depth of 850 meters and the remainder of the hole is being split by diamond saw and prepared for assay. | |
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