Kennady Diamonds Releases Further Kennady North Drill Results

Kennady Diamonds Inc. (TSXV:KDI) released results from drilling at its Northwest Territories-based Kennady North diamond project, noting that three core drill rigs are currently at work there.

As of 2:12 p.m. EST the company’s share price was up 4.44 percent, or $0.20, on the news.

As quoted in the press release:

The first drill rig continued exploration/delineation drilling at the Faraday 2 kimberlite, where kimberlite has now been defined over a strike of approx. 170 meters from southeast to northwest.

The second rig is drilling ‘confirmatory’ drill holes at the southeast lobe of the Kelvin kimberlite pipe. The core from these holes will be processed by caustic fusion in order to provide diamond recovery results to compare to the results from the Kelvin 436 tonne bulk sample, which will be processed through a dense-media separation plant. This will support grade modeling for the Kelvin kimberlite. Processing of all the kimberlite will take place at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council (‘SRC’).

The third rig is drilling infill delineation holes at the Kelvin sheet to increase confidence in the continuity of the sheet.

Patrick Evans, CEO of Kennady, commented:

We are pleased that we continue to get wide intercepts on strike to the northwest. The latest holes indicate that the strike of the Faraday 2 pipe-like body is changing direction. Following interpretation of the latest results further holes will be plotted to continue tracking F2.

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