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Kenadyr Mining Announces Partial Drill Results from Drill Hole DHSZ-1-17 at the South Zone: 40 meters at 6.17 g/t Au
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 25, 2017) - Kenadyr Mining (Holdings) Corp. (TSX VENTURE:KEN) (OTCQB:KNDYF) (FRANKFURT:KM0) (the "Corporation" o
About this update from Algo Grande Copper Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 25, 2017) - Kenadyr Mining (Holdings) Corp. (TSX VENTURE:KEN) (OTCQB:KNDYF) (FRANKFURT: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. Partial Assay Results received to date are listed in the table below: From To Intervals (meters) Grade Au g/t 598 m 615 m 17 meters 1.76 g/t Au 638 m 678 m 40 meters 6.17 g/t Au 714 m 719 m 5 meters 5.8 g/t Au 719 m 850 m 131 meters assys pending Readers are cautioned that the results from a single drill hole may not be representative of the mineralization on the Borubai Project. Complete drill results will be announced once they become available. Kenadyr is in a strong position having a robust balance sheet, no debt nor significant payments owing, and a supportive institutional shareholder base. The management team has extensive in- country operational experience, and merger and acquisition expertise. Dr. Alexander Becker, Kenadyr Chief Executive Officer, states, \"Partial results from our initial 2017 drill hole at Borubai have exceeded our expectations. Based on the geometry of the adjacent TBL orebody, it is the Corporation's interpretation that these intersections are close to true widths. Subject to obtai...