2017-10-31 09:32 ET - News Release Dr. Alexander Becker reports
KENADYR MINING ANNOUNCES ASSAY RESULTS FROM THE FIRST 9 DRILL HOLES AT THE EAST ZONE
Kenadyr Mining (Holdings) Corp. has released the first nine 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.
South Zone
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.
Ongoing Program
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.