The Asia Miner

JUL-SEP 2017

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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38 | ASIA Miner | Volume 14 • Issue 3 | 2017 Central Asia KENADYR Mining has received excellent results from the first two holes drilled into the Borubai Gold Project in the Kyrgyz Republic. The first hole returned 40 metres from 638 metres @ 6.17 g/t gold in the South Zone and the second returned 50 metres from 151 metres @ 8.15 g/t in the East Zone. The two zones straddle Zijin Mining Group's operating Taldy Bulak Levoberejnyi (TBL) Project and the holes encountered mineralisation consisting of pervasive quartz-tourmaline-pyrite stockwork veining, which is consistent with that being mined at TBL. Kenadyr's initial drilling is designed to intersect the various areas surrounding the TBL Mining Lease, which were drilled by the Sovi- ets between 1970 and 1990, and where significant gold minerali- sation was reported. The results confirm that significant widespread gold mineralisation exists on Kenadyr's licence directly adjacent to TBL and that this continues in both directions along strike from that deposit. These holes encountered stronger and thicker mineralisation than previ- ously reported from both the South and East zones. 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 were assayed using fire assay methods at a laboratory operated by ALS Global. 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. The East Zone is open in two directions and to depth. The 50 metre intersection included 18 metres from 161 metres @ 12.8 g/t. Kenadyr's CEO Dr Alexander Becker said, "These results have exceeded our expectations. Technical staff believe, based on the strength of the mineralisation encountered in our first two 2017 drill holes, that mineralisation being mined at TBL continues strongly in two directions along strike onto the Borubai licence. As well, based on the geometry of the TBL deposit, the corporation is confident that these intersections are approximate 'true widths'." Kenadyr has a robust balance sheet, no debt or significant pay- ments owing, and a supportive institutional shareholder base. Man- agement also has extensive in-country operational experience. WHITE Cliff Minerals has finalised a drilling contract with Geostan- dart LLC for drilling at the Quartz Zone of its Aucu Gold Project in Kyrgyz Republic. Drilling will begin after access tracks and drill pads are completed. Once the tracks are complete, company geologists will map and sample outcropping mineralised zones with assays expected to be available in late July. After geologists have determined the location and strike extent of the Quartz Zone, drill hole positions can be finalised. The zone appears to extend at least 200 metres further southeast of existing drilling. Outcropping mineralised shear zones occur in a track cutting 50 metres southeast of the existing drilling with channel sample assay results of 2 metres @ 5.4 g/t and 1 metre @ 0.7 g/t. Quartz veins also outcrop 100 metres southeast of these samples. The start of the exploration program was hampered by heavy spring flooding and snow melt. Floods washed away a section of the main access road from the Chatkal. An alternative access road from the north was established to allow bulldozer and excavator access. The access track to Aucu deposit is 23km-long and runs along the bottom of Chanach valley. Snow up to 4 metres high in some drifts had to be cleared from the access track. A partially completed elevated access road built in Soviet times exists into the valley and as the project advances, it will be re-es- tablished to provide all-season access. Further up the valley the track crosses Chanach River several times and flooding washed away parts of the track and altered river crossings. The bulldozer and excavator have repaired the track to allow access. Phase one Quartz Zone RC drilling will comprise 15 holes for 1200 metres targeting the structure along strike from the existing drilling, which defined an inferred resource of 244,000 tonnes @ 9.5 g/t gold for 75,000 ounces. Once strike extent is defined, the company will drill a series of deeper holes to test mineralisa- tion at depth. Geostandart has a 15-year history in the Kyrgyz Republic and is a substantial provider of drilling services to varied clients, including several western exploration companies. It is one of only two drilling companies in the country able to conduct RC drilling. Aucu drilling contract finalised Kenadyr Mining's Borubai Gold Project directly adjoins Zijin Mining Group's operating TBL mine. Excellent initial gold results from Borubai

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