Kennady Diamonds Inc. (TSXV:KDI) announced diamond recovery results from a 0.93-tonne sample recovered via core drilling from the Kelvin North lobe. According to the company, the sample’s grade came in at 3.55 carats per tonne for diamonds of commercial size.
The three biggest diamonds recovered from the Kelvin North lobe sample are as follows:
- 0.67 carat off-white, transparent broken octahedron with minor inclusions;
- 0.23 carat off-white, transparent broken octahedron with inclusions; and
- 0.15 carat white/colorless, transparent fragment with minor inclusions.
Patrick Evans, president and CEO of Kennady, commented:
Kelvin North Lobe drill samples continue to return outstanding diamond recovery results. Over the course of 2015 we have processed by caustic fusion a total of 14.7 tonnes of core samples from the Kelvin North Lobe, which have returned an average sample grade of 2.83 carats per tonne. These correspond well with a December 2014 North Lobe mini-bulk sample processed by dense media separation at the SRC, which returned a grade of 2.59 carats per tonne.
Planning is now well underway to recover an approximate 500 tonne bulk sample from the North Lobe in February/March next year, with results expected by mid-2016. The bulk sample is expected to deliver more than 1,200 carats to support revenue modeling for the Kelvin kimberlite.
Get Our Expert Guide to Diamond Investing FREE!
Download this FREE Special Report, Investing in Stornoway Diamonds or Other Canadian Diamond Mines – Beyond the Diamond Price Calculator.
The post Kennady Reports Kelvin North Sample Grade of 3.55 Carats per Tonne appeared first on Investing News Network.