Kennady Diamonds Provides Update on North Summer Drilling Program

August 11, 2016

Responsive image

Kennady Diamonds (TSXV:KDI) has provided an update on the summer drilling program at its Kennady North Project.

As quoted in the press release:

All six of the drill holes completed to date have intersected kimberlite, with two drill holes at Faraday 2 and one drill hole at Faraday 3 intersecting over 30 meters of kimberlite. Both Faraday 2 and Faraday 3 have also been confirmed as extending from beneath Kennady Lake onto land.

President and CEO of Kennady Diamonds, Dr. Rory Moore commented: “We are delighted that kimberlite was intersected in all six drill holes completed to date, as the results confirm our exploration model that predicted both Faraday 2 and 3 would continue onto land. The drill holes on Faraday 2 have returned robust kimberlite intersections, and current drilling continues to track the body in a westerly direction. At Faraday 3 the northeastern margin has been established with our latest drill holes, and the next drill holes will define its southwestern margin.” Dr. Moore concludes, “Our systematic approach to expanding the Faraday bodies is exactly the same as that which expanded Kelvin to its present size. We have no doubt that as we continue, additional kimberlite will be discovered with this exploration model.”

At the Kennady North project, exploration and delineation drilling is presently being conducted from two land-based setups. One drill rig is focused on the Faraday 1-Faraday 3 kimberlite complex, and the second rig is active at Faraday 2. It is anticipated that over 8,000 meters of core drilling will be completed on the Faraday kimberlites by the end of the summer program, with the results incorporated into defining a diamond resource along the Kelvin – Faraday corridor.

Click here to read the full press release.

“The Secret Truth Of Why The
Rich Buy Diamonds”

Discover why the world’s smartest, most affluent men and women have always invested in diamonds as a safe-haven for their wealth. Click here to access a special INN Insider’s Report on the diamond market (value: $49) – For FREE. Limited time offer. No credit card required.


The post Kennady Diamonds Provides Update on North Summer Drilling Program appeared first on Investing News Network.

Category: Gem