|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.
Kennady Diamonds Inc. (“Kennady”, the “Company”) (TSX-V: KDI) is pleased to announce the completion of a maiden Mineral Resource estimate for the Kelvin kimberlite, located at the Company’s 100 percent owned Kennady North Project, NWT, Canada. An Indicated Mineral Resource of 13.62 million carats of diamonds is contained in 8.50 million tonnes of kimberlite, with an overall grade of 1.60 carats per tonne and an average value of US$63 per carat. The resource has been calculated with a 1mm diamond bottom cutoff size.