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Kennady Reports Sample Grade of 3.04 Carats per Tonne for Faraday 2

Charlotte McLeod
Feb. 16, 2016 11:02AM PST
Diamond Investing

Kennady Diamonds Inc. (TSXV:KDI) announced final 2015 diamond recovery results from the Faraday 2 kimberlite, located at its Kennady North diamond project.

Kennady Diamonds Inc. (TSXV:KDI) announced final 2015 diamond recovery results from the Faraday 2 kimberlite, located at its Kennady North diamond project.
As quoted in the press release:

A total of 6.4 tonnes of kimberlite was recovered by core drilling at Faraday 2 and processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council (“SRC”) returning a total ‘commercial’ sample grade of 3.04 carats per tonne.

The three largest diamonds recovered from the Faraday 2 sample are:

  • 1.43 carat off-white, transparent tetra hexahedron with no inclusions;
  • 1.02 carat off-white, transparent broken aggregate with inclusions; and
  • 0.46 carat off-white, transparent fragment with inclusions.

Patrick Evans, president and CEO of Kennady, commented:

Significant progress was made delineating and sampling the Faraday 2 kimberlite during 2015. We are very pleased with the excellent results. Delineation drilling has defined the strike of the Faraday 2 kimberlite over approx. 390 meters and the pipe remains open on strike to the west. The ‘commercial’ sample grade of over 3 carats per tonne confirms that the Faraday 2 kimberlite has the potential to host a high grade diamond resource.

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

kennady diamonds inc tsxv:kdi
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