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Kennady Reports Diamond Recovery Results from Faraday 2

Charlotte McLeod
Jul. 15, 2015 04:11PM PST
Diamond Investing

Kennady Diamonds Inc. (TSXV:KDI) announced diamond recovery results from spring core drilling at the Faraday 2 kimberlite.

Kennady Diamonds Inc. (TSXV:KDI) announced diamond recovery results from spring core drilling at the Faraday 2 kimberlite. About 0.93 tonnes of kimberlite from the southeast lobe at Faraday were processed, returning a sample grade of 1.93 carats per tonne for commercial-sized diamonds.
The three largest diamonds recovered are as follows:

  • 0.22 carat off-white, transparent octahedral with minor inclusions;
  • 0.22 carat off-white, transparent aggregate with inclusions; and
  • 0.21 carat brown, transparent, broken macle with inclusions.

The press release also states:

A total of 247 individual diamonds from the above sample were described by the SRC. Ninety-three percent are described as transparent and white/colorless (37%) or off-white (56%). Ten diamonds are described as yellow, six as brown and just two as gray.

Patrick Evans, CEO of Kennady, commented:

We are very pleased with these high diamond recovery results, which confirm that the Faraday 2 kimberlite has the potential to host a high grade diamond resource. We continue to estimate that the Kelvin – Faraday kimberlite cluster has the potential to host between 12 and 15 million tonnes at a grade of between 2 and 2.5 carats per tonne.

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

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