Kennady Diamonds Intersects 80 Meters of Kimberlite at Kelvin
February 25, 15
(IDEX Online News) – Kennady Diamonds Inc. has announced that kimberlite has been intersected over approximately 80 meters in the latest Kelvin delineation drill hole, a result it says is “very encouraging.”
"The core rig is now being moved to the Faraday kimberlite to resume delineation drilling from ice at Faraday Lake where drilling last winter resulted in the discovery of a kimberlite 'blow' at an area called Faraday 3,” said CEO Patrick Evans.
“An intercept of over 40 meters was recovered last winter which leads us to believe that the potential exists for substantial tonnage at the high grade Faraday kimberlite."
The company also announced that bulk sampling of the Kelvin kimberlite has begun. Kennady plans to recover a 500 to 700 ton bulk sample, which is expected to result in the recovery of diamonds weighing more than 1,200 carats. This diamond parcel will be used for revenue modeling of the Kelvin kimberlite.
Up to the end of 2014, Kennady Diamonds had recovered 53.15 tons of kimberlite from Kelvin by drilling. Processing by dense media separation and caustic fusion methods yielded 124.90 carats greater than 0.85mm.
The largest diamond recovered from that sample weighed 2.48 carats.
The Kennady North diamond project is located immediately to the north, west and south of the Gahcho Kué diamond mine currently under development by De Beers and Mountain Province Diamonds.