Kenadyr OverviewThe content below is what I received from Skanderbeg's email newsblast regarding Kenadyr. I believe Skanderbeg was the incubator where Kenadyr was formed.
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Kenadyr Gold is a HIGH GRADE GOLD exploration and development company with assets in the Kyrgyz Republic. Kenadyr Gold is a new company that will list on Friday March 31and will trade under the symbol KEN on the TSX Venture Exchange. Kenadyr's Borubai project contains a historic resource of approx 900k oz at 8.3 g/t Au contained in the South Zone (connecting to Zijin's TBL deposit).
Kenadyr Gold is the ONLY junior company that has a CONNECTING deposit to a producing mine that is owned by a SUPER MAJOR, Zijin Mining - China's largest mining company. Kenadyr's property FULLY surrounds Zijin's newly built and producing TBL Mine.
Kenadyr owns all of the ground surrounding the TBL MINE
In the past 4 years, Zijin’s (largest miner in China) deals have been on WORLD CLASS ASSETS:
- Ivanhoe: $412M into Kamoa
- Pretium: $81M into Brucejack
- Barrick: $298M into Porgera
- Private Co: TBL MINE - $66M into Kyrgyz Republic Gold Mine
- Rumored $250/oz C1 cost
- 3.2m oz @ 7.2 g/t Au
- 125,000 oz/year operation
Soviet Drilling to Modern Drilling
Kenadyr Mining aims to unlock value on the Borubai project by proving/improving the historic resource to NI43-101 standards AND improving the grade by using modern drilling/assaying techniques.
- The project area has a historical resource of 900,000oz @ 8.3 g/t Au in the South Zone (connecting to Zijin deposit). Further drilling has been done on other zones.
- Soviet drilling has poor core recoveries (50%-60%)
- Soviet drilling used old assay technique (spectral analysis) vs modern fire assay method
- The Borubai project has 81,800m of historic drilling completed
- WHAT THIS MEANS: Drilling Soviet holes with modern drill rigs and modern assays techniques leads to a Massive Increase in resource and grade.
- This table highlights the difference. Notice that average Soviet holes are 2.5 g/t Au or less and the Malaysian Mining Company twinned holes are very high grade
We surround Zijin 
WE HAVE THEIR ORE BODY ON OUR LAND
The Tien Shan Gold Belt - Giant Mine Potential
The Tien Shan Gold Belt intersects the Kyrgyz Republic and hosts some of the worlds largest mines.
- Murunatu - 170 mm oz Au
- Kumtor - 18 mm oz Au (8.5 m oz remaining at 3 g/t)
- Chaarat - 6.5 mm oz @ 4 g/t Au
- TBL (Zijin) - 3.5 mm oz @ 6.2 g/t Au
Management
R. Stuart (Tookie) Angus - Chairman
Mr. Angus is the former chairman of the board of B.C. Sugar Refinery Ltd.; he was a director of First Quantum Minerals until June, 2005, a director of Canico Resources Corp. until its takeover by CVRD in 2005 and a director of Bema Gold until its takeover by Kinross Gold in 2007. More recently, he was managing director of mergers and acquisitions for Endeavour Financial, a director of Ventana Gold until its takeover by AUX Canada Acquisition in 2011 and a director of Plutonic Power until its merger with Magma Energy in 2011. He is presently chairman of K92 Mining Inc., which operates the Kainantu Gold Project located in the Eastern Highlands province of Papua New Guinea.
Dr. Alexander Becker - CEO/Director
Dr. Becker has a long and distinguished career in mining including acquiring and targeting the gold potential of the Chaarat deposit in the Kyrgyz Republic (gold resource of 6.5 million ounces). He was a director of Perseus Mining, Kentor Gold, Manas Petroleum (CEO and director), Action Hydrocarbons, Caspian Oil and Gas, and vice-president of geology for Apex Asia (a subsidiary of Apex Silver Mines). He started his career during Soviet times as the chief geologist of the geological mapping division of North Kyrgyz Geological Expedition. Dr. Becker is one of the world’s authorities on the geology of Central Asia and has authored numerous papers in international scientific journals including Geological Society of America, Tectonophysics, Structual Geology, Geology and International Geology Review. Dr. Becker holds a MSc in geology and a PhD in structural geology.
Bryan Slusarchuk - President/Director
Mr. Slusarchuk has significant international experience structuring, financing and operating companies involved in mineral exploration, development and production. In addition to experience operationally and in the conducting of equity raises, Mr. Slusarchuk has structured complex debt financing transactions in the United States, Canada and Europe with multiple top-tier banks. This includes negotiating and securing the first-ever financing of a mineral exploration company by European Bank for Reconstruction and Development. Mr. Slusarchuk is a past TEDx speaker on the topic of capital markets, was a senior adviser at a top-tier Canadian brokerage firm and is a member of multiple mining industry advocacy associations in emerging markets, through which he has regularly advised various governments on the formation of mining policy. He has experience on the board of and as an officer of multiple publicly traded and private companies in Canada, the United States and Europe. Mr Slusarchuk was a founder of, and is currently the President of K92 Mining Inc, a gold producer in Papua New Guinea.
Douglas J. Kirwin - Director
Mr. Kirwin is an independent geologist with 45 years of international exploration experience. He held senior positions with Anglo American and Amax during the 1970’s and was Managing Director of a successful international geological consulting firm during the 1980’s and early 1990’s. In 1995 he accepted a role as vice president, exploration for Indochina Goldfields and subsequently became the executive vice president for Ivanhoe Mines Limited until 2012 after which Ivanhoe was acquired by Rio Tinto. Mr. Kirwin was also a director of South Gobi Energy, Jinshan Gold and a founding non-executive director of Ivanhoe Australia Ltd.
As a member of the joint discovery team for the Hugo Dummett deposit at Oyu Tolgoi in Mongolia, he was a co-recipient of the PDAC inaugural Thayer Lindsley medal awarded for the most significant international mineral discovery in 2004. Other mineral discoveries made by Mr. Kirwin’s exploration team include the Jelai-Mewet and Seryung epithermal deposits in north east Kalimantan, the Eunsan-Moisan gold mines in South Korea, the Moditaung gold deposits in Myanmar and the Merlin Re-Mo deposit in Australia.
Brian Lueck - COO/Director
Mr. Lueck is a Professional Geologist with over 25 years of experience as an officer and director of Canadian and London public companies involved in mineral exploration, resource definition and feasibility studies. He is a practicing member of the Association of Professional Engineers and Geoscientists of British Columbia and a Member of the Society of Economic Geologists. He is an Advisor to the Board of K92 Mining Inc.
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