Kennady Diamonds Starts Bulk Sampling at Kelvin North Lobe

Kennady Diamonds Inc. (TSXV:KDI) announced that it’s started bulk sampling of the Kelvin North lobe using two large-diameter reverse-circulation drill rigs. The company intends to recover about 500 tonnes for the bulk sample, and expects to recover diamonds weighing over 1,000 carats.
The company also released more results from the winter program at Faraday 1. Commenting, CEO Patrick Evans said:

We were very encouraged by the 60 meter kimberlite intersect in the first series of holes and stepped out 40 meters to the northwest. While kimberlite has been intersected in the latest holes, the relatively narrow widths indicate that the side of the pipe was intersected at depth. In order to confirm the direction of emplacement the drill has been moved back 20 meters to the southeast to drill a series of infill holes.

The press release also states:

Finally, Kennady Diamonds reported that following a review of the draft Kelvin NI 43-101 report it is apparent that further time is required to complete the work needed to capture the north end of the Kelvin North Lobe in the geological model. Drilling at the north end was completed late last year and it is estimated that it could represent approximately 20 percent of the overall tonnage. In addition, further time is required to complete the analysis of the Bx kimberlite zone to fully understand the volume and grade variances between three Bx sub-units that have been identified. The additional work will be completed as soon as possible and it is expected that the results will be announced during the second quarter.

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