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Kenadyr Mining Announces Commencement of Drilling and Results from the First Two Holes of the 2018 Drill Program at the East Zone
VANCOUVER, British Columbia, March 23, 2018 (GLOBE NEWSWIRE) -- Kenadyr Mining (Holdings) Corp. (TSX-V:KEN) (OTC-MKTS:KNDYF) (FRA:KM0) (the “Corporation” or “Ke
About this update from Algo Grande Copper Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, March 23, 2018 (GLOBE NEWSWIRE) -- Kenadyr Mining (Holdings) Corp. (TSX-V:KEN) (OTC-MKTS:KNDYF) (FRA:KM0) (the “Corporation” or “Kenadyr”) is pleased to announce that the 2018 drill program at Kenadyr’s Borubai property is successfully underway and the company has received results from the first two drill holes of the season. These drill holes are collared approximately 50 meters east of the last section reported at the end of the 2017 season and demonstrate good continuity of mineralization continuing eastward from the TBL mine. Results are tabled below: Hole Number From To Interval g/t Au EZ-01-18 177 265 88m 1.15 including 181 186 5m 2.49 including 203 207 4m 3.05 including 211 222 11m 2.62 and including 218 222 4m 3.97 EZ-02-18 189 259 70m 2.09 including 193 211 18m 3.85 and including 193 198 5m 10.00 including 245 257 12m 3.07 and including 253 258 5m 5.50 The results confirm the extension of significant widespread gold mineralization to the east of the TBL Mine, operated by Zijin Mining, and the company has now stepped out a further 50 meters to the east and is continuing to track the mineralized zone. The company believes that there is a good possibility that the mineralization at the East Zone may be open pit mineable as the zone is rising in elevation. As the company continues to drill out the East Zone, it will commence a table top scoping study to determine the viability of an open pit mining scenario. New Section EZ-3 with Plan Map of East Zone Drilling Previously drilled sections EZ-6 and EZ-1 Dr. Alexander Becker, Kenadyr Chief Executive Officer, states, “Kenadyr’s 2018 drill program continues to demonstrate that the mineralization comprising the orebody found at the TBL Mine, operated by Zijin, continues strongly in two directions along strike onto Kenadyr’s Borubai License. This new section (EZ-3), in combination with section EZ-1 and 2, 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 significant new discovery.” Kenadyr's Borubai project comprises a 100-per-cent-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...