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Kennady Diamonds Inc.
Summary
| Project: | Kennady North | |
|---|---|---|
| Deposit: | Faraday 2, Faraday 3 | |
| Location: | Canada | |
| Commodities: | Diamonds | |
| Date: | 10/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-10-2017: Kennady Diamonds Inc. announces a Resource Estimation report for its Faraday 2, Faraday 3 deposit at the Kennady North project. Initial mineral resource at Faraday deposits. Aurora Geosciences Ltd. (AGL) was commissioned by Kennady Diamonds Inc | |
| Resources: | (Resource, Inf.): 3.27Mt @ 1.54cpt diamonds for 5.02Mct diamonds at Faraday | |
| CP/QP: | [Resources]: Tom Nowicki (Mineral Services Canada Inc.) | |
| ABSTRACT: | Aurora Geosciences Ltd. (AGL) was commissioned by Kennady Diamonds Inc. (KDI) to prepare an updated independent, Canadian National Instrument 43-101 Resource Assessment, for the Kennady North Property, located in the Northwest Territories, Canada. The Kennady North Property is wholly owned (100%) by KDI. The property was originally acquired through Mountain Province Inc’s (MPV) joint venture with De Beers Canada Ltd. The ground which became the Kennady North property was removed from the joint venture ground under an agreement with DeBeers. MPV then transferred the ground and related data to the Kennady North project into a subsidiary company called Kennady Diamonds Inc. (KDI). This would allow DeBeers Canada Inc (51%) and MPV (49%) to concentrate on the development of the Gahcho Kué Mine. KDI filed a maiden resource statement included in a report filed to Sedar on January 23, 2017 - “2016 Technical Report -Project Exploration Update and Maiden Mineral Resource Estimate, Kennady Lake North – Northwest Territories, Canada”. This report will provide details of the 2017 exploration work and an updated compliant NI-43-101 Inferred Resource for the Faraday kimberlites. | |
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