Saturday, March 19, 2016

Kennady Diamonds Inc. - KDI.v

Kennady Diamonds Inc. - KDI.v focus is on 13 leases and claims located immediately adjacent to the De Beers/Mountain Province Diamonds joint venture property in Canada’s Northwest Territories.

The Kennady North Project is located 280 kilometres east-northeast of Yellowknife, NT in the District of Mackenzie.

On March 17, 2016 the company reported News
Kennady Diamonds Inc. is pleased to announce that exploration drilling at the Kennady North project has resulted in the discovery of a third kimberlite body at the high-grade Faraday kimberlite cluster. Following the completion of ice-based infill drilling at the Faraday 1 kimberlite, the core rig was moved to a geophysical target approximately 80 meters to the southwest where indications of the presence of volcaniclastic kimberlite were discovered during the winter of 2015. Three exploration drill holes have been completed at the Faraday 3 discovery within the past week with the latest hole intersecting more than 55 meters of kimberlite. Table 1 below summarizes the latest Faraday 3 drill results.

Table 1 Faraday 3 2016 Winter Drill Program
Drill Hole Target Azimuth Inclination Kimberlite Intercepts (m) End of Hole (m) From To Intercept*
KDI-16-006a Faraday 3 140 -46 42.90 78.00** 26.26 115
KDI-16-006b Faraday 3 140 -65 54.25 84.88** 27.96 115
KDI-16-006c Faraday 3 140 -90 56.90 112.70 55.80 124
*Intercepts in sub-vertical holes not true widths
** Includes minor country rock intercepts

Kennady Diamonds President and CEO, Patrick Evans, commented: “Faraday 3 is the fourth kimberlite body that we have discovered at Kennady North over the past three years. Methodical exploration over the Kelvin – Faraday kimberlite corridor has increased our confidence in the potential for the discovery of further kimberlite bodies within the corridor.”

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