Kennady Diamonds Announces 'Exceptional Diamond Recovery Results'

The core was recovered during a successful 5,000 meter drill program undertaken last winter.

Patrick Evans, Kennady Diamonds CEO, commented: “The sample grade of 8.44 carats per tonne is exceptional and confirms that the Kelvin-Faraday kimberlite cluster has a coarse diamond size distribution as well as the potential to host a high grade diamond resource.”

The largest three diamonds recovered are a 2.48-carat off-white transparent octahedral, a 0.90-carat off-white transparent irregular, and a 0.75-carat off-white transparent octahedral. The company said that the recovery of three diamonds of this size and quality from a 1.1 tonne sample was highly encouraging.

"Besides the high frequency of large diamonds, approximately 64 percent of the recovered diamonds are classified as white and transparent," the firm said in a statement. "Almost all the white diamonds have either no inclusions or only minor inclusions. In addition, approximately 3 percent of the diamonds are classified as yellow and transparent with either no or only minor inclusions. The bulk of the balance of the diamonds are classified as off-white. Only seven microdiamonds (out of 8,708) are described as either brown or grey. Together with grade, these characteristics are key value drivers."

Evans concluded: “The infill drilling at Kelvin and Faraday is designed to advance our plans to declare a maiden resource at Kennady North. Based on these very encouraging results, the Company is now also examining the options to fast-track a bulk sample of the Kelvin and Faraday kimberlites."