Kennady Diamonds Reveals Initial Summer Drill Program Results

Kennady Diamonds Inc. (TSXV:KDI) announced the results from seven of 15 batches of kimberlite recovered from its Northwest Territories-based Kennady North diamond project during this year’s summer drill program; together they returned a sample grade of 5.37 carats per tonne.

Results for the remaining eight batches should be released in the next few weeks.

As quoted in the press release:

Approximately 3,454 kilograms of kimberlite was recovered from 21 holes drilled at the Northwest Lobe of the Kelvin kimberlite. The kimberlite is being processed at the Geoanalytical Laboratories Diamond Services at the Saskatchewan Research Council, which is accredited to the ISO/IEC 17025 standard by the Standards Council ofCanada as a testing laboratory for diamond analysis using caustic fusion. For processing purposes, the kimberlite has been divided into 15 batches, each weighing approximately 220 kilograms.

Patrick Evans, CEO of Kennady, commented:

A sample grade of 5.37 carats per tonne is outstanding and confirms that the Kelvin kimberlite has a coarse diamond size distribution as well as the potential to host a high grade diamond resource. The 2013 winter drill program returned an exceptional Kelvin sample grade of 8.13 carats per tonne, which included an extraordinary 2.48 carat diamond. Adjusting for the impact of the 2.48 carat diamond, there is a remarkable similarity between the 2013 winter sample grade and the sample grade of the first seven batches recovered from the 2013 summer program.

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