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Kenadyr Mining Announces Results from Step out Holes EZ-3,5,7 and 8-18 of the 2018 Drill Program at the East Zone
VANCOUVER, British Columbia, July 05, 2018 (GLOBE NEWSWIRE) -- Kenadyr Mining (Holdings) Corp. (TSXV:KEN) (OTC-MKTS:KNDYF) (FRA:KM0) (the “Corporation” or “Kena
About this update from Algo Grande Copper Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, July 05, 2018 (GLOBE NEWSWIRE) -- Kenadyr Mining (Holdings) Corp. (TSXV:KEN) (OTC-MKTS:KNDYF) (FRA:KM0) (the “Corporation” or “Kenadyr”) is pleased to announce further results of the 2018 drill program at Kenadyr’s Borubai property comprising drill holes EZ- 3,5,7 and 8 – 18. These drill holes are collared approximately 50 meters east of the last section reported at the end of March this 2018 season and further demonstrate good continuity of mineralization continuing eastward from the TBL mine. Results are tabled below: Hole Number From To Interval g/t Au EZ-03-18 208 227 19m 2.25 including 214 220 6m 5.15 and including 217 220 3m 7.66 EZ-03-18 248 267 19m 0.90 EZ-05-18 209 237 28m 2.53 including 223 235 12m 4.38 and including 233 238 5m 5.78 EZ-07-18 223 261 38m 0.89 including 244 250 6m 1.92 and including 248 250 2m 3.89 EZ-08-18 201 268 67m 1.19 including 212 248 36m 1.68 and including 227 230 3m 6.51 also including 237 239 2m 2.76 The results continue to support the extension of significant widespread gold mineralization to the east of the TBL Mine, operated by Zijin Mining. The company is now finishing the next 50-meter step out section which includes holes EZ-06 and 09-18. This next step out section will be announced shortly. 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. This will be an internal study for management’s review of the drill program. Figure 1 Figure 2 Dr. Alexander Becker, Kenadyr Chief Executive Officer, states, “Kenadyr’s 2018 drill program continues to demonstrate that the mineralization comprising the mineralized body found at the TBL Mine, operated by Zijin, continues strongly in two directions along strike onto Kenadyr’s Borubai License. This new section (EZ-3,5,7,8-18), in combination with section EZ-1, 2 and 3, 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 operatio...