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Kennady Diamonds Inc.
Summary
| Project: | Kennady North | |
|---|---|---|
| Deposit: | Faraday 2 | |
| Location: | Canada | |
| Commodities: | Diamonds | |
| Date: | 5/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-5-2017: Kennady Diamonds Inc. announces an Exploration/Drilling Update report for its Faraday 2 deposit at the Kennady North project. Faraday 2 sample grade of 2.81ct/t recovered by large diameter RC drilling. Toronto, Ontario, May 23, 2017 – Kennady D | |
| Resources: | (Resource, Ind.): 8.50Mt @ 1.60cpt diamonds for 13.62Mct diamonds contained at Kelvin | |
| CP/QP: | [Overall Report]: Rory Moore, Howard Coopersmith (Internal;Independent) | |
| ABSTRACT: | Toronto, Ontario, May 23, 2017 – Kennady Diamonds Inc. (“Kennady Diamonds”, the “Company”) (TSX-V: KDI) is pleased to announce diamond recovery results from its large diameter drilling program on the Faraday 2 kimberlite. A total of 737.6 carats of diamonds (+0.85mm) were recovered from 262.6 tonnes for a sample grade of 2.81 carats per tonne. The result is similar to the mini-bulk sample grade of 2.69 carats per tonne reported in 2016 (see news release, July 25, 2016). In this latest result, 45 diamonds of one carat or greater were recovered of which 12 are described as white in color. The largest stone is a 4.72 carat white/colorless octahedron with minor inclusions. Table 1 below summarizes the diamond recovery results from the 2017 Faraday 2 bulk sample. President and CEO of Kennady Diamonds, Dr. Rory Moore commented: “We are delighted with this excellent result from Faraday 2, as it confirms the high diamond grade suggested by the 21 tonne mini-bulk sample completed in 2016. Moreover, even with the limitation of the small parcel size, the size distribution and quality characteristics of the Faraday 2 diamonds are better than the diamonds recovered from Kelvin to date. These results firmly support the potential for Faraday 2 to add additional high-grade diamond resources to those already established for the Kennady North Project.” The Faraday 2 kimberlite was sampled by large diameter reverse circulation drilling, with the recovered material processed by dense media separation (‘DMS’) at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council (“SRC”). | |
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