Kennady Diamonds Intersects Over 73 Meters of Kimberlite at Faraday 2

Kennady Diamonds Inc. (TSXV:KDI) announced the latest drill results at its Kennady North diamond project in the Northwest Territories, which intersected the longest kimberlite intersect to date at Faraday, at over 73 meters.

As quoted in the press release:

Drilling since mid-March has successfully defined the Faraday 2 kimberlite over a strike of approximately 200 meters, trending from southeast, where it outcrops at surface, to the northwest where the country rock overburden is approx. 100 meters. The latest intersection of over 73 meters is the longest kimberlite intersect to date at Faraday.

Exploration drill hole KDI-15-036a, drilled with NQ core, deviated to the northwest from the planned direction and appears to have “clipped” the northwest edge of the F2 kimberlite. Drill hole KDI-15-036b, drilled with HQ core from the same platform, maintained a straight drill line resulting in the long kimberlite intersection of 73.90 meters with only minor country rock intercepts present in the core.

Patrick Evans, CEO of Kennady Diamonds, commented:

We are very satisfied with the results of our two-month spring drill program at Faraday 1 and 2 which has successfully delineated two new pipe-like kimberlites at Kennady North. Based on these results we have increased our tonnage target for the Kelvin – Faraday kimberlite corridor, which we now estimate has the potential to host between 12 million and 15 million tonnes.

Based on exploration drilling over the past two weeks, we believe that the F2 kimberlite is trending from northwest to the west and increasing in volume. Given the close proximity to the shoreline, we are planning land-based drilling of the F2 kimberlite as part of the summer drill program in the expectation that we’ll be able to continue tracking it on strike further to the west.

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