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Kennady Diamonds (TSXV:KDI) has announced the delineation and infill drilling at the Faraday 1 kimberlite and exploration drilling at the Faraday 3 kimberlite and the Hobbes anomaly continues to return results. As quoted in the press release: Three diamond core drill rigs are drilling from the ice, but warming weather and deteriorating ice conditions will …
Kennady Diamonds (TSXV:KDI) has announced the delineation and infill drilling at the Faraday 1 kimberlite and exploration drilling at the Faraday 3 kimberlite and the Hobbes anomaly continues to return results.
As quoted in the press release:
Three diamond core drill rigs are drilling from the ice, but warming weather and deteriorating ice conditions will likely result in the program being wrapped up within the next week. The focus at Faraday 1 and Faraday 3 is to gather as much information on the size and shape of the bodies from ice-based setups while conditions permit in preparation for continued land-based in the summer. Kennady Diamonds is also continuing ice-based exploration drilling at the Hobbes anomaly, which is located approximately 150 meters south of the Kelvin kimberlite. Hobbes was initially thought to be part of the hypabyssal Kelvin Sheet that extends to the southwest of the Kelvin pipe. However, the presence of volcaniclastic kimberlite was discovered at Hobbes during the winter of 2015, warranting further exploration.
Dr. Rory Moore, president and CEO, said:
We are pleased with the ongoing success of the core drilling program. The newly discovered Faraday 3 body continues to grow in size with each drill hole, and it appears that Faraday 1 and Faraday 3 may be joined at depth as they approach the shore line of Faraday Lake. Further drilling will be required to confirm this. Kimberlite has now been defined over a strike of more than 200 meters and appears to be open to the northwest.
Click here for the full press release.