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Kenadyr Mining announces completion of drilling for 2017

Mining News - Published on Wed, 03 Jan 2018

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Kenadyr Mining Corp announced that company has completed the highly successful 2017 drill program at Borubai. A second section 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.

Highlights of the 2017 drill program include:

1. SZ-1 -17 (40 meters at 6.17 g/t Au)

2. EZ-1 -17 (50 meters at 8.15 g/t Au)

3. EZ-10-17 (29 meters at 5.35 g/t Au)

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 CEO of Kenadyr states that "Kenadyr's 2017 drill program has demonstrated that the mineralization comprising the orebody found at the TBL Mine, operated byZijin, continues strongly in two directions along strike onto Kenadyr's Borubai License. This new section, 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."

Kenadyr's Borubai project comprises a 100 % owned exploration license covering a contiguous 164-square-kilometre land package that encircles the Zijin/KygysAltyn newly constructed and operational TBL mine, in northern Kyrgyz Republic.

Zijin, the majority owner of the TBL mine, is one of China's largest gold producers, second- largest copper and zinc producer, as well as a major producer of tungsten and iron ore. According to a news release published by Zijin on August 15,2011, the table of Kyrgyz Republic stated that the TBL field contains 8,906,100 tonnes of gold ore (the average grade is 7.23 grams per tonne). The TBL mine is designed to produce 125,000 ounces of gold per annum. The TBL mine deposit is directly adjacent to Kenadyr's initial drill targets, the South Zone and East Zone, which were previously drilled by the Soviets, with drilling on the Bourubai License exceeding 98,000 meters.

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Posted By : Rabi Wangkhem on Wed, 03 Jan 2018
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