Kennady Diamonds Completes 2016 Winter Drilling Program

June 2, 2016

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Kennady Diamonds (TSXV:KDI) has announced that the 2016 winter drilling program has been completed. A total of 10,712 meters of core drilling was completed with kimberlite intersected in each of the 74 drill holes comprising the program.

Rory Moore, president and CEO, said:

The 2016 winter drill program was the Company’s most successful to date. Highlights include the discovery of the Faraday 3 kimberlite, the subsurface delineation of both Faraday 1 and 3 up to and beyond the shoreline of Faraday Lake, the successful bulk sampling of the Kelvin North Lobe and the successful mini-bulk sampling of Faraday 2. The way is now clear for further land-based drilling at the Faraday kimberlites during the summer.

As quoted in the press release:

Kennady Diamonds is also pleased to announce that four more diamonds were identified in core from four separate drill holes during detailed core logging operations. A description and the maximum dimension for each partially-exposed diamond in core is presented below:

  • Faraday 1: a clear <1 mm irregular diamond identified in Hole KDI-16-029a at 77.8m.
  • Faraday 1: a clear <0.5 mm irregular diamond identified in Hole KDI-16-033 @ 31.3 m
  • Faraday 3: a clear 4 mm stepped octahedron identified in Hole KDI-16-023a at 115m.
  • Faraday 3: a clear 2 mm stepped octahedron identified in Hole KDI-16-032 @ 105m.

Click here to read the full press release.

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Category: Gem