Kennady Diamonds Inc., which controls 100 percent of the Kennady North diamond project located in Canada’s Northwest Territories in proximity to the Gahcho Kué Diamond Mine, announced that their bulk sampling of the Faraday 2 kimberlite is progressing well with 12 drill holes completed and 100 tons of kimberlite collected since the program began on January 20. Kennady plans to recover a total of approximately 570 tons of kimberlite from the Faraday kimberlites during the 2017 winter program, including 260 tons from Faraday 2, 300 tons from the Faraday 3 and approximately 10 tons from Faraday 1. The objective of the program is to advance the Faraday 2 and 3 kimberlites to an inferred resource status and advance the Faraday 1 kimberlite to a Target for Further Exploration (TFFE).
It is anticipated that diamonds weighing more than 1,000 carats will be recovered from the bulk samples and the diamond parcel will be used for revenue modeling of the Faraday 2 and 3 kimberlites. Diamonds recovered from the Faraday 1 mini-bulk sample will be used to correlate diamond grade and quality potential with the nearby Faraday 3 kimberlite. The bulk sampling program is expected to be completed in early Q2 of 2017. Kennady Diamonds President and CEO, Dr. Rory Moore stated: “We are delighted with the very productive early start to the 2017 winter program, which was facilitated by having stored an RC drill rig on site after completion of the 2016 program. Moreover, we have decided to mobilize a second RC rig up the winter road this week in order to take further advantage of optimal drilling conditions.”