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Kennady Diamonds Inc. (TSXV:KDI) announced that it has finished its Kennady North winter drill program at its Kelvin and Faraday kimberlites, noting that it intersected kimberlite in all but two of the 26 infill holes completed.
Kennady Diamonds Inc. (TSXV:KDI) announced that it has finished its Kennady North winter drill program at its Kelvin and Faraday kimberlites, noting that it intersected kimberlite in all but two of the 26 infill holes completed.
As quoted in the press release:
A preliminary interpretation of the drill results suggests the Kelvin kimberlite body and the Faraday kimberlite body should be treated separately. Both the Kelvin and Faraday kimberlites each have a strike of over 1 kilometer, trending southwest to the northeast, and appear to be steep dipping dyke/sheet structures.
Of significance in the main Kelvin kimberlite area are the broad intersections of 33.04 meters, 99.13 meters and 51.6 meters in three different holes (KDI-13-001, KDI-13-025 and KDI-13-027, respectively). The geometry of this area has yet to be confirmed, but indications are that these wide intersections are due to possible blows along the dyke/sheet system or the main Kelvin kimberlite may be coincident with a small kimberlite pipe.
Patrick Evans, CEO of Kennady, commented:
Based on our preliminary interpretation, it appears that the Kelvin – Faraday kimberlite corridor has significant exploration potential. Although preliminary, a conceptual model might be De Beers’ Snap Lake deposit, which is a 1 to 3 meters wide kimberlite dyke with an indicated resource of 2.5 million tonnes (grading approx. 1.90 carats per tonne) and an inferred resource of 23.1 million tonnes (grading approx. 1.77 carats per tonne). It would be premature to compare the Kelvin – Faraday grade and tonnage to the Snap Lake deposit, but the significant widths encountered along the Kelvin – Faraday corridor exceed those present at the Snap Lake deposit.
Click here to read the full Kennady Diamonds Inc. (TSXV:KDI) press release.