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Kennady Diamonds Inc.
Summary
| Project: | Kennady North | |
|---|---|---|
| Deposit: | Faraday 3 | |
| Location: | Canada | |
| Commodities: | Diamonds | |
| Date: | 1/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-1-2017: Kennady Diamonds Inc. announces an Exploration/Drilling Update report for its Faraday 3 deposit at the Kennady North project. Faraday 3 sample grade of 2.18cpt recovered by RC drilling. Toronto, Ontario: January 17, 2017 – Kennady Diamonds Inc. | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rory Moore, Tom McCandless (Internal;Independent) | |
| ABSTRACT: | Toronto, Ontario: January 17, 2017 – Kennady Diamonds Inc. (“Kennady”, the “Company”) (TSX‐V: KDI) is pleased to announce diamond recovery results from the Faraday 3 kimberlite at the Company’s 100 percent‐controlled Kennady North project. A total of 3.03 tonnes of kimberlite recovered by core drilling at Faraday 3 in 2016 was processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council (“SRC”) to return a sample grade of 2.18 carats per tonne. Kennady Diamonds President and CEO Dr. Rory Moore noted: “Our first diamond results for Faraday 3 since its discovery in March 2016 confirm its high‐grade, similar to our other kimberlites within the Kelvin‐Faraday Corridor. Significant progress was made delineating and sampling the Faraday 3 kimberlite during 2016, defining its strike over 375 meters with the pipe still open to the northwest. We expect further positive results from Faraday 3 as our winter sampling program begins.” Table 1 below summarizes the caustic fusion diamond recovery results for the Faraday 3 kimberlite from 2016 drilling. | |
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