Kennady Diamonds Announces Faraday 2 Diamond Recovery Results

Mining and Exploration
16/07/2015 12:29

Kennady Diamonds announced the diamond recovery results from the Faraday 2 2015 spring core drilling program. Approximately 0.93 tonnes of kimberlite returned a sample grade of 1.93 carats per tonne for diamonds of commercial size. Kennady Diamonds CEO Patrick Evans commented: "We are very pleased with these high diamond recovery results, which confirm that the Faraday 2 kimberlite has the potential to host a high grade diamond resource. We continue to estimate that the Kelvin – Faraday kimberlite cluster has the potential to host between 12 and 15 million tonnes at a grade of between 2 and 2.5 carats per tonne." Of 247 individual diamonds sampled, 93% are described as transparent and white/colorless (37%) or off-white (56%).