Kennady Diamonds Begins Summer Exploration Program

August 2, 2016

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Kennady Diamonds (TSXV:KDI) has announced the summer drilling program on the Kennady North Project is underway.

As quoted in the press release:

Two diamond core drill rigs are conducting exploration and delineation drilling on the Faraday kimberlite bodies from land-based setups. One drill rig is drilling on the Faraday 1-Faraday 3 kimberlite complex, and the second is drilling on Faraday 2. Kimberlite has been intersected in the first two drill holes at Faraday 3 and the first drill hole on Faraday 2 is currently nearing the target zone. Core logging is underway and results will be reported at regular intervals throughout the program.

The President and CEO of Kennady Diamonds, Dr. Rory Moore commented: “The focus of our summer program is to define the extension of the Faraday bodies to the northwest as they extend from beneath Faraday Lake toward the shore.  We established in the last few drill holes of the winter drilling program that the Faraday 1 and 3 kimberlites merge at depth, and we are excited to determine whether the Faraday bodies have north-limb extensions similar to that defined at Kelvin.  The systematic drilling planned for the summer will ultimately determine the size and shape of these bodies.”

Kelvin Bulk Sample Processing
Processing of the 620-tonne Kelvin bulk sample through the dense media separation plant is also well underway. Approximately 40% of the bulk sample recovered during the 2016 winter program has been successfully processed at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council (“SRC”), with final grade results expected within the next four to six weeks. The Kelvin sample includes roughly 580 tonnes from Kelvin North limb and 40 tonnes from the Kelvin South limb. It is anticipated that diamonds totaling more than 1,200 carats will be recovered from the Kelvin sample. Valuation of the diamond parcel, which will be used for revenue modeling of the Kelvin North Lobe, is expected to be completed before the end of Q3 2016.

Click here to read the full press release.

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Category: Diamond