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Kennady Diamonds Inc.
Summary
| Project: | Kennady North | |
|---|---|---|
| Deposit: | Kelvin North | |
| Location: | Canada | |
| Commodities: | Diamonds | |
| Date: | 9/19/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-9-2016: Kennady Diamonds Inc. announces an Exploration/Drilling Update report for its Kelvin North deposit at the Kennady North project. Kelvin North sample grade of 2.09cpt recovered by RC drilling. Toronto, Ontario, September 19, 2016 – Kennady Diamo | |
| Resources: | x | |
| CP/QP: | [Overall Report]: H Coopersmith, R Moore, T McCandless (Independent;Internal) | |
| ABSTRACT: | Toronto, Ontario, September 19, 2016 – Kennady Diamonds Inc. (“Kennady Diamonds”, the “Company”) (TSX-V: KDI) is pleased to announce diamond recovery results from its large diameter drilling program focused on the north limb of the Kelvin kimberlite. A total of 1,278 carats of diamonds (+0.85mm) was recovered from 612 tonnes for a sample grade of 2.09 carats per tonne. The result is very similar to the 2015 bulk sample grade of 2.02 carats per tonne reported in 2015 from the south limb (see news release, August 26, 2015). In this latest result, 44 diamonds of one carat or greater were recovered with the largest stone a 3.43 carat white/colourless transparent octahedral twin with no inclusions. The Kelvin 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”). The SRC is accredited by the ISO/IEC 17025 standard by the Standards Council of Canada as a testing laboratory for diamond analysis. As a measure of Quality Assurance and Quality Control, a total of 95 laser-marked natural diamond tracers were added to select sample bags at the SRC facility and 95 of the tracers were recovered (spikes ranging in size from 0.10 carat to 2.14 carat were used). Under the guidance of SRK Consulting (Vancouver, B.C.), three broadly-defined zones of kimberlite labeled A, B and C have been identified at the Kelvin kimberlite, with zone B further subdivided into zones B and Bx. The thickness of each zone is variable along the length of the body and individual sub-units within each zone were processed separately in order to better understand the diamond size and grade variability between each zone. | |
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