Even as Kennady Diamonds Inc announced   the successful completion of the 2016 winter drilling programme, it revealed the discovery of the Faraday 3 kimberlite.    

Dr. Rory Moore, president and CEO of Kennady Diamonds, noted: “The 2016 winter drill programme  was the Company’s most successful to date. Highlights include the discovery of the Faraday 3 kimberlite, the subsurface delineation of both Faraday 1 and 3 up to and beyond the shoreline of Faraday Lake, the successful bulk sampling of the Kelvin North Lobe and the successful mini-bulk sampling of Faraday 2. The way is now clear for further land-based drilling at the Faraday kimberlites during the summer.”

The Company said that a total of 10,712 meters of core drilling was completed with kimberlite intersected in each of the 74 drill holes under the programme.

“Of particular note in the above results is the 72.8 m kimberlite intersection achieved on drill hole KDI-16-035 completed on Faraday 2,” Kennady Diamonds stated. “This represents one of the longest kimberlite intercepts to date for any of the Faraday bodies.” 

The bulk sampling programme recovered a total of  580 tonnes of kimberlite  from the Kelvin North Lobe;  approximately 40 tonnes from the Kelvin South Limb and approximately 23 tonnes from Faraday 2.

The  processing of all the samples will begin in early June at   the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council, where they have been sent.  

“It is expected that diamonds weighing more than 1,200 carats will be recovered from the Kelvin sample,” Kennady Diamonds said. “The valuation of the diamond parcel, which will be used for revenue modeling of the Kelvin North Lobe, will be completed during Q3 2016.”

Kennady Diamonds said that it had also  drill-tested the Hobbes anomaly, which is located approximately 150 meters south of the Kelvin kimberlite where  volcaniclastic kimberlite was discovered during the winter of 2015. “Drilling completed this season continued to intersect volcaniclastic kimberlite and further work is planned to fully resolve this anomaly,” the Company revealed.

The  maiden resource statement on the Kelvin body is expected to be released in Q3 of 2016 after the results of the 2016 winter drilling and bulk sampling programme have been incorporated into the geological model, the Company indicated.  “The updated geological model together with the combined 2015 and 2016 diamond grade and value estimates will then be incorporated into the Preliminary Economic Assessment being managed by JDS Energy and Mining, which is scheduled for completion in Q4 of 2016,” Kennady Diamonds announced.

Pic Cap:  One of Kennady Diamonds’ sites  (Courtesy Kennady Diamonds)