Kennady Diamonds Intersects Kimberlite in First Faraday Drill Hole

- March 18th, 2015

Kennady Diamonds Inc. (TSXV:KDI) announced that it has intersected kimberlite over about 32 meters in the first of 14 delineation drill holes planned for the Faraday kimberlite.

Kennady Diamonds Inc. (TSXV:KDI) announced that it has intersected kimberlite over about 32 meters in the first of 14 delineation drill holes planned for the Faraday kimberlite.

Faraday is located at the company’s Kennady North project in Canada’s Northwest Territories.

As quoted in the press release:

Up to the end of 2014 Kennady Diamonds had recovered approx. 1 tonne of kimberlite from Faraday by drilling. Processing of the Faraday core samples by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council yielded 4.76 carats greater than 0.85mm with a resultant ‘commercial’ sample grade of 4.54 carats per tonne.

Patrick Evans, CEO of Kennady, commented:

We are very pleased with this first kimberlite intersect at Faraday 2 where drilling in the winter of 2014 resulted in the discovery of a shallow kimberlite ‘blow’ or small pipe-like body. Recently completed ground geophysics at Faraday has identified anomalies comparable in size to the main Kelvin kimberlite. This leads us to believe that the potential exists for substantial tonnage at the high grade Faraday kimberlite where we are planning to establish continuity over the approx. 1 kilometer strike.

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

Leave a Reply