Business
Kenadyr Mining Drills 50 Meters of 8.15 g/t Gold at Borubai Project in the Kyrgyz Republic
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 31, 2017) - Kenadyr Mining (Holdings) Corp. (TSX VENTURE:KEN) (OTCQB:KNDYF) (FRANKFURT:KM0) (the "Corporation"
About this update from Algo Grande Copper Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 31, 2017) - Kenadyr Mining (Holdings) Corp. (TSX VENTURE:KEN) (OTCQB:KNDYF) (FRANKFURT:KM0) (the \"Corporation\" or \"Kenadyr\") is pleased to announce the first 9 drill holes at The East Zone. East Zone Drilling 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. A table of significant drill intersections from the initial 9 drill holes are tabled below: Hole Number From To Interval g/t Au EZ-1 151 201 50 meters 8.15 including 161 179 18 meters 12.8 EZ-2 110 116 6 meters 1.13 EZ-2 132 136 4 meters 1.17 EZ-2 141 151 10 meters 1.03 EZ-2 194 200 6 meters 1.18 EZ-2 208 231 23 meters 2.19 including 213 229 16 meters 2.93 including 215 224 9 meters 3.55 EZ-3 190 250 60 meters 1.01 including 199 222 23 meters 1.23 including 199 202 3 meters 2.59 EZ-3 315 316 1 meter 2.27 EZ-4 180 209 29 meters 1.44 including 188 194 6 meters 2.01 EZ-4 237 239 2 meters 1.45 EZ-5 152 162 10 meters 1.02 includung 156 160 4 meters 1.53 EZ-5 174 212 38 meters 1 EZ-6 178 197 21 mete...