Kennady Diamonds Inc. (TSXV:KDI) announced diamond recovery results from the summer drill program that took place at the Kelvin kimberlite, located at its Kennady North project in Canada’s Northwest Territories. The average sample grade was 4.56 carats per tonne.
As quoted in the press release:
A total of 362 commercial size diamonds were extracted from 3,314 kilograms of kimberlite from the Kelvin 2013 summer drill program. By comparison, 112 commercial size diamonds were recovered from approximately 1,000 kilograms from the Kelvin 2013 winter drill program. This illustrates a high degree of consistency between the 2013 summer and winter samples of approximately one commercial size diamond for every nine kilograms of kimberlite.
While the 362 commercial size diamonds from the 2013 Kelvin summer drill program were recovered from the Northwest Lobe of the Kelvin kimberlite, the 110 commercial size diamonds recovered from the 2013 winter program came from sixteen different drill holes across the approximate 1 kilometer strike of the Kelvin kimberlite. Based on this, it is apparent that the Kelvin kimberlite hosts commercial size diamonds across the length and breadth of the kimberlite.
Patrick Evans, CEO of Kennady, commented:
2013 has been a remarkably successful year for Kennady Diamonds. Our two drill campaigns have produced results which far exceeded our expectations. We recovered a total of 4.3 tonnes of kimberlite from Kelvin containing more than 16,000 microdiamonds of which 474 are commercial size diamonds. The Kelvin summer drill program returned an outstanding sample grade of 4.56 carats per tonne and the winter program returned an exceptional sample grade of 8.13 carats per tonne, for a combined sample grade of 5.38 carats per tonne. These are amongst the highest kimberlite sample grades ever recorded and confirm that the Kelvin kimberlite has both a coarse diamond size distribution as well as the potential to host a high grade diamond resource.