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Kennady Diamonds Intercepts Kimberlite at Kelvin

Investing News Network
Feb. 02, 2015 10:24AM PST
Diamond Investing

Kennady Diamonds Inc. (TSXV:KDI) announced that it has intersected kimberlite in the latest Kelvin delineation drill hole.

Kennady Diamonds Inc. (TSXV:KDI) announced that it has intersected kimberlite in the latest Kelvin delineation drill hole.

As quoted in the press release:

Preparations are also underway to recover a 500 to 700 tonne bulk sample from the Kelvin kimberlite by large diameter drilling while we continue delineation drilling at the Kelvin and Faraday kimberlites. It is expected that diamonds weighing more than 1,200 carats will be recovered from the bulk sample, which will be used for revenue modeling of the Kelvin kimberlite. We also look forward to commencing exploration drilling at the diamond-bearing MZ and Doyle kimberlites as well as a number of new exploration targets.

Kennady Diamonds’ CEO, Patrick Evans, stated:

We are pleased to have intersected the Kelvin kimberlite well beyond drill hole 033a. We had delineated the Kelvin pipe-like body over a strike of approx. 610 meters up to 033a. Drill hole KDI-15-001 HQ, drilled across the pipe from southwest to northeast , indicates that Kelvin is trending to the NNW. Recently completed ground geophysics supports this.

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

tsxv-kdi kennady-diamonds-inc
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