Kennady Diamonds Finishes 2015 Field Program at Kennady North

Kennady Diamonds Inc. (TSXV:KDI) announced the conclusion of a 2015 field program at its Kennady North project.
It completed over 33,400 meters of drilling, with highlights including the discovery of two pipe-like kimberlites at Faraday 1 and Faraday 2, as well as the confirmation of continuity of the strike of the Kelvin kimberlite beyond the current geological model.
As quoted in the press release:

The focus of core drilling and bulk sampling during 2015 was the Kelvin–Faraday kimberlite corridor. A 443 tonne bulk sample was recovered from the Kelvin Southeast Lobe and returned an average grade of 2.02 carats per tonne. In addition, approx. 12,600 meters of core drilling was completed at the Kelvin pipe, 1,400 meters at the Kelvin sheet, 10,700 meters at Faraday 2 and 2,370 meters at Faraday 1.
The following samples, recovered by core drilling during the summer/fall of 2015, have been delivered to the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council (“SRC”) for processing by caustic fusion:

1. 2.76 tonnes from Kelvin North Lobe (processing approx. 80 percent complete);
2. 2.28 tonnes from Kelvin North Lobe (processing approx. 45 percent complete);
3. 0.93 tonnes from Faraday 2;
4. 1.89 tonnes from Faraday 2;
5. 1.33 tonnes from Faraday 2; and
6. 0.55 tonnes from Faraday 1.

Patrick Evans, president and CEO of Kennady, commented:

The results of the Kelvin bulk sample confirm that Kelvin has the potential to host a large, highgrade diamond deposit. Preparation of the maiden NI 43-101 resource statement is underway and expected to be completed shortly. A high point of the 2015 exploration season was the discovery of two pipe-like kimberlite bodies at Faraday 1 and 2. Techniques that supported the discovery of these two kimberlite pipes are expected to aid in the discovery of further pipe-like bodies within the Kelvin– Faraday corridor when drilling resumes in early 2016.
The achievements of 2015 have laid the groundwork for an exciting field program at Kennady North during 2016. Thanks to the successful completion of the recent $48 million nonbrokered private placement, Kennady is fully funded to the end of 2017 at which time we expect to be a in a position to make a decision to build the first mine at Kelvin.

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