Diamond

Kennady Diamonds Inc.(TSXV:KDI) announced further diamond recovery results from the Kelvin 2014 summer/fall core drilling program.

Kennady Diamonds Inc.(TSXV:KDI) announced further diamond recovery results from the Kelvin 2014 summer/fall core drilling program.

As quoted in the market news,

Approximately 1.83 tonnes of kimberlite from the Kelvin South Lobe and 47.62 kilograms from the Kelvin Sheet was processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council (“SRC”). The 1.83 tonne Kelvin South Lobe sample was recovered by HQ diamond drilling and these core holes also served as pilot holes for the 2015 Kelvin bulk sample that was recovered using large diameter reverse-circulation drill rigs.

Kennady Diamonds CEO Patrick Evans stated:

We are very pleased with these excellent diamond recovery results, which returned a sample grade of 3.64 carats per tonne from the Kelvin South Lobe and 5.95 carats per tonne from the Kelvin Sheet for diamonds having commercial characteristics. These results support the potential for the Kelvin kimberlite to host a high grade diamond resource. Based on drilling and sampling completed to date, we estimate that the Kelvin – Faraday kimberlite cluster has the potential to host between 10 and 13 million tonnes at a grade of between 2 and 2.5 carats per tonne.

Click here for the full Kennady Diamonds Inc.(TSXV:KDI) press release

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