Kennady Diamonds Announces Latest Kelvin Mini-Bulk Sample Results

(IDEX Online News) – Kennady Diamonds Inc. has announced the diamond recovery results from the Kelvin summer/fall mini-bulk sample program. According to the analysis, the Kelvin-Faraday kimberlite cluster has the potential to hold between 9 and 12 million tons.

The company said the summer/fall mini-bulk sample grade of 2.59 carats per ton was approximately 40 percent higher than the 25 ton mini-bulk sample recovered last winter/spring. The summer/fall mini bulk sample was recovered from the north lobe of the Kelvin kimberlite, while the winter/spring sample came from the shallower and partly outcropping southeast lobe.

“We are very pleased with the latest diamond recovery results, which confirm that the Kelvin kimberlite has the potential to host a high-grade diamond resource,” said Kennady Diamonds CEO Patrick Evans, who added that drilling to extend the strike of the Kelvin kimberlite to the northwest will resume in mid-January.

So far, the four largest diamonds recovered from the Kelvin mini-bulk sample are a 1.11-carat off-white, transparent, aggregate with inclusions; a 1.10-carat white/colorless, transparent, irregular with inclusions; a 0.95-carat off-white, transparent, octahedral with no inclusions; and a 0.90-carat white/colorless, transparent, dodecahedron with no inclusions.

“Results to date confirm that our 100-percent controlled Kennady North project is Canada’s most exciting new diamond discovery. We are currently preparing to take a 500 to 700 ton bulk sample from Kelvin in early 2015 while we continue delineation drilling at the Kelvin and Faraday kimberlites. We also look forward to commencing our exploration drill program at the diamond-bearing MZ and Doyle kimberlites as well as a number of new exploration targets,” said Evans.