Drilling at the South Zone of Kenadyr Mining (Holdings) Corp’s Borubai project in the Kyrgyz Republic has intersected widespread gold mineralisation, including 40 metres from 638 metres @ 6.17 g/t gold.

The South Zone is directly adjacent to Zijin Mining’s Taldy Bulak Levoberejnyi (TBL) Mine, which is in production.

Initial drilling was designed to intersect an area previously drilled by the Soviets between 1970 and 1990, and which intersected significant gold mineralisation.

The current drill hole provides support for the validity of the historic Soviet results and indicates that widespread gold mineralisation may exist on Kenadyr’s licence within 100 metres 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 greater than 95% and all intervals have been assayed using fire assay methods at an internationally accredited laboratory operated by ALS Global.

The hole has reached its target depth of 850 metres and the remainder of the hole is being split by diamond saw and prepared for assay.

Other results from the hole are 17 metres from 598 metres @ 1.76 g/t and 5 metres from 714 metres @ 5.8 g/t. Complete drill results will be announced once they become available.

Kenadyr’s CEO Dr Alexander Becker said, “Partial results from our initial 2017 drill hole at Borubai have exceeded our expectations. Based on the geometry of the adjacent TBL ore body, it is the corporation’s interpretation that these intersections are close to true widths.

“Subject to obtaining additional drill results, the corporation believes that the mineralisation encountered in our initial drill hole validates and supports the findings reported in historic drilling and indicates that the mineralisation being mined at the adjacent TBL Mine may continue onto Kenadyr’s Borubai licence.”

Kenadyr’s Borubai project comprises a 100%-owned exploration licence covering a 164sqkm land package that encircles the Zijin/Kyrgyz/Altyn newly constructed and operational TBL mine, in northern Kyrgyz Republic.

www.kenadyr.com

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