EXPLORATION & DEVELOPMENT

Kenadyr claims new discovery in Kyrgyz

Canadian junior Kenadyr Mining Holdings Corp (CN:KEN) has claimed a new discovery after wrapping up its 2017 drill programme at its Borubai gold project in the Kyrgyz Republic.

Staff reporter
Kenadyr is planning step-out drilling in 2018

Kenadyr is planning step-out drilling in 2018

The company's project encircles Zijin Mining Group's majority-owned Taldy Bulak Levoberejnyi (TBL) gold mine, and a highlight from drilling at the start of Kenadyr's programme had included 50m at 8.15g/t gold from 151m.

Kenadyr CEO Dr Alexander Becker said the 2017 drilling had demonstrated the TBL orebody continued in two directions along strike onto the Borubai licence, plus identified a new zone of mineralisation.

"This new section (EZ-2), in combination with section EZ-1, clearly demonstrates that the mineralisation found at the East Zone is an en echelon body of mineralisation separate from the TBL deposit and that this recently-drilled zone can be considered a new discovery," he said.

The Borubai project has been subject to extensive historic exploration and the company said the 2017 results would provide guidance for step-out drilling to the east this year.

Kenadyr is adding to its Kyrgyz holdings, entering an option agreement in November to acquire nine exploration licences spanning 1,200km2 from Realgold Resources Corp. Kenadyr's CFO Kevin Ma is also Realgold's CFO.

Kenadyr had C$5.37 million (US$4.29 million) in working capital at the end of September.

Shares in the company last traded up 9.68% at C$0.17.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.