Kennady Diamonds Provides Update on North Summer Program

August 30, 2016

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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 but one of the latest drill holes completed since the last update dated August 11, 2016 have intersected kimberlite. In this latest round of drilling, Faraday 2 returned a 30.3m intersect of continuous kimberlite, with Faraday 3 producing three separate intersects of 18.3m, 20.7m and 28.7m.

President and CEO of Kennady Diamonds, Dr. Rory Moore commented: “Our exploration model continues to be validated at Kennady North, with eight of the nine latest drill holes intersecting kimberlite. We are pleased with our results to date and expect additional kimberlite to be intersected as we continue our summer program.”

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.

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Category: Diamond