Kennady’s Kelvin Kimberlite Expanding in a Northerly Direction

Kennady Diamonds Inc. (TSXV:KDI) announced that it has intersected over 129 meters of kimberlite in a diagonal delineation hole at the far north of the Kelvin kimberlite.

The company also said that funds raised via a recently announced C$5-million private placement will go towards an “extended fall drill program.”

As quoted in the press release:

Hole KDI-14-058a was drilled from west to east across the elongated Kelvin kimberlite at a dip of minus 62 degrees and intersected kimberlite from a downhole depth of approx. 235 meters to 364 meters.

Patrick Evans, CEO of Kennady, commented:

The 129 meter diagonal kimberlite intersect is the widest drilled to date at Kelvin. Combined with the 215 meters of kimberlite intersected in the south – north delineation drill hole KDI-14-055, it is apparent that the volume of the Kelvin kimberlite is expanding in a northerly direction. Based on these results, the Company is reviewing its tonnage target for the Kelvin – Faraday kimberlite corridor, which currently stands at 7 to 10 million tonnes.

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