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Kennady Diamonds Inc.
Summary
| Project: | Kennady North | |
|---|---|---|
| Deposit: | Faraday 1, Faraday 2 | |
| Location: | Canada | |
| Commodities: | Diamonds | |
| Date: | 1/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-1-2017: Kennady Diamonds Inc. announces an Exploration/Drilling Update report for its Faraday 1, Faraday 2 deposit at the Kennady North project. Faraday 2 sample grade of 3.22cpt recovered by RC drilling. Toronto, Ontario: January 23, 2017 – Kennady Di | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rory Moore, Tom McCandless (Internal;Independent) | |
| ABSTRACT: | Toronto, Ontario: January 23, 2017 – Kennady Diamonds Inc. (“Kennady”, the “Company”) (TSX‐V: KDI) is pleased to announce diamond recovery results from the Faraday 1 and 2 kimberlites at the Company’s 100 percent‐controlled Kennady North project. The samples were recovered by core drilling during 2016 and processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council (“SRC”). Kennady Diamonds President and CEO Dr. Rory Moore noted: “We are very pleased with the consistently high diamond recoveries emerging from the Faraday kimberlites. The sample grades of 3.14 carats per tonne for Faraday 1 and 3.22 carats per tonne for Faraday 2 build on our previousresultsreported in 2016, and provide further confidence for a positive outcome to the 2017 winter bulk sampling of these kimberlites.” Kennady Diamonds is also pleased to announce that large diameter reverse circulation drilling commenced on Friday last week, and the first drill hole on Faraday 2 has been successfully completed. The aim of the program is to recover approximately 250 tonnes from each of Faraday 2 and 3, and to obtain a small (~20 tonne) representative sample from Faraday 1. This will advance the Faraday 2 and 3 kimberlites towards an inferred mineral resource, and provide diamond grade and quality potential data from Faraday 1 for correlation with Faraday 3 results. The program is expected to be completed in early Q2 of 2017. | |
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