KENNADY DIAMONDS INC V.KDI

"expected shorty" LOL message delivered???

[MrBigger]

Kennady Diamonds Updates Kennady North Drill Program Substantial intercepts outside Kelvin geological model Strike of Faraday 2 Pipe extended to approx. 240 meters Shares Issued and Outstanding: 28,633,122 TSX-V: KDI TORONTO, July 13, 2015 /CNW/ - Kennady Diamonds Inc. ("Kennady Diamonds", the "Company") (TSX-V: KDI) is pleased to announce the latest drill results from the 100 percent-controlled Kennady North diamond project located in Canada's Northwest Territories. The Kennady North project is adjacent to the Gahcho Ku diamond mine currently under development by De Beers Canada and Mountain Province Diamonds (T:MPV; NASDAQ:MDM). Kennady Diamonds CEO Patrick Evans commented: "Delineation drilling at the Kelvin kimberlite continues to return excellent results. The focus of the drilling detailed below was to delineate the lower areas of the Kelvin pipe at the north end of the current geological model. Holes 43a and 43b retuned significant intercepts beyond the current model. We have now arranged for a larger fourth drill rig to be brought to site to facilitate further exploration/delineation drilling to extend the strike of the Kelvin pipe." Mr. Evans added: "We are also very pleased with the progress of the exploration/delineation drilling at the Faraday 2 kimberlite, which has now extended the strike of the Faraday 2 pipe to approximately 240 meters. The intercepts detailed in Table 2 below targeted the lower areas of the Faraday 2 pipe resulting in shorter intersections than previously reported." Table 1 below provides details of the latest drill results from the Kelvin 2015 summer drill program. Table 1 Kelvin North Lobe 2015 Summer Drill Program Drill Hole Target Azimuth Inclination Kimberlite Intercepts (m) Approximate End of Hole (m) From To Intercept* KDI-HQ15-043a Kelvin North 77 -80 374.94 414.33 39.39 455 KDI-HQ15-043b Kelvin North 70 -85 387.08 425.84** 37.74 460 * Intercepts in sub-vertical holes not true widths **Includes minor country rock intercepts Table 2 below details the latest drill results from the Faraday 2 2015 summer drill program. Table 2 Faraday 2 2015 Summer Drill Program Drill Hole Target Azimuth Inclination Kimberlite Intercepts (m) Approximate End of Hole (m) From To Intercept* KDI-15-042c Faraday 2 153 -64 180.13 207.43 27.30 241 KDI-15-044a Faraday 2 60 -50 161.00 192.00 31.00 220 KDI-15-044b Faraday 2 60 -60 198.04 206.64 8.6 247 KDI-15-045a Faraday 2 58 -56 178.75 215.95 37.20 258 * Intercepts in sub-vertical holes not true widths Kennady Diamonds is also pleased to report that processing of core samples by caustic fusion is continuing on schedule with the diamond recovery results from a Faraday 2 one tonne sample expected shorty. Processing of the Kelvin 436 tonne bulk sample by dense-media separation is progressing well and the results are expected in the third quarter. Processing of all the samples is taking place at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council. **** About Kennady Diamonds Kennady Diamonds Inc. controls 100 percent of the Kennady North project which comprises thirteen leases and claims located immediately to the north and west of the four leases controlled by the Gahcho Ku Joint Venture between De Beers Canada (51%) and Mountain Province (49%) located in Canada's Northwest Territories. Kennady Diamonds aims to identify a resource along the Kelvin Faraday kimberlite corridor of between a 12 and 15 million tonnes at a grade of between 2 and 2.5 carats per tonne and also to identify new kimberlites outside of the corridor. The Kelvin Faraday corridor is a target for further exploration. The tonnage estimate is based on the drilling completed to date. The potential quantity is conceptual in nature as there has been insufficient drilling to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

[diamondminder]

I overheard a conversation down at the gold range.  They say there are now 3 rigs at Faraday Lake.  The fourth-newer and larger-rig that has been ordered is a 54. The same people say there is drilling scheduled for the next 3 or 4 seasons.