KENNADY DIAMONDS INC V.KDI

Crappy results, I am out!!

[MrBigger]

Kennady Diamonds Announces Faraday 2 Diamond Recovery Results Sample Grade 1.93 carats per tonne Shares Issued and Outstanding: 28,633,122 TSX-V: KDI TORONTO, July 15, 2015 /CNW/ - Kennady Diamonds Inc. ("Kennady Diamonds," the "Company") (TSX-V: KDI) is pleased to announce the diamond recovery results from the Faraday 2 2015 spring core drilling program. Approximately 0.93 tonnes of kimberlite from the southeast lobe of Faraday 2 was processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council ("SRC") and 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." Table 1 below summarizes the caustic fusion diamond recovery results from the Faraday 2 Southeast Lobe 2015 spring drill program. Table 1 Faraday 2 Southeast Lobe 2015 Spring Caustic Fusion Diamond Recovery Results Sample Weight (dry tonnes) Number and Weight of Diamonds According to Sieve Size Fraction (mm) Total diamonds Carats (+0.85mm sieve size) +0.106 -0.150 +0.150 -0.212 +0.212 -0.300 +0.300 -0.425 +0.425 -0.600 +0.600 -0.850 +0.850 -1.180 +1.180 -1.700 +1.700 -2.360 +2.360 -3.350 +3.350 -4.750 +4.750 0.9337 1,275 872 488 283 179 99 48 16 3 3 0 0 3,266 1.81 *Sample grade of diamonds greater than 0.85mm: 1.93 carats per tonne The three largest diamonds recovered from the Faraday 2 sample are described as: 0.22 carat off-white, transparent octahedral with minor inclusions; 0.22 carat off-white, transparent aggregate with inclusions; and 0.21 carat brown, transparent, broken macle with inclusions. A total of 247 individual diamonds from the above sample were described by the SRC. Ninety-three percent are described as transparent and white/colorless (37%) or off-white (56%). Ten diamonds are described as yellow, six as brown and just two as gray. Mr. Evans noted: "We are encouraged by the very high percentage of transparent white and off-white diamonds recovered from the Faraday 2 kimberlite. We expect this to have a positive impact on diamond values." Kennady Diamonds is also pleased to announce that processing of the 436 tonne Kelvin bulk sample through the SRC dense-media separation plant is progressing according to plan and the diamond recovery results are expected before the end of Q3 2015. In addition, processing of a further 2.6 tonnes of Kelvin South Lobe kimberlite by caustic fusion has commenced at the SRC. The diamond recovery results from this sample are expected by early September 2015. **** About Kennady Diamonds Kennady Diamonds Inc. controls 100 percent of the Kennady North diamond project located in Canada's Northwest Territories immediately adjacent to the Gahcho Ku diamond mine currently under development by De Beers and Mountain Province Diamonds (T:MPV, NASDAQ:MDM). 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.

[factRbest]

Mr Bigger Crappy results, I am out!! You do realize that if you are giving these drill results a negative by extension and applying the same metrics the awsome drill results are then awesome. So using your logic of interpetation we have a grade of somewhere around 4-4.5C/ton overall; Not bad!! Mind you I am not using that 'analysis' to interpret grade just extrapolating a number using

[MrBigger]

Have no idea what you are talking about. Way over my grade 13 education. I sold because all the largest diamonds were small and included. I sold because they will be out of money by August. I sold because the last batch of diamonds recovered before these ones were small and included. A serious issue has been raised as how do they even mine this very deep deposit. The strip ratio will be horrendous

[factRbest]

Don't look now but they just annouced they found a macro diamond in a core. That is like a 2 inch diameter tube. A freakin macro diamond!!!!!!!

[MrBigger]

Well since they are drilling kimberlite to recover ore to process for diamonds that is not a big surprise. Not the 1st time they have done this. Does not change the fact that they have had very few macro's with the amount of tons processed recently. They will finance soon, at what price? It will be a private placement bought deal with perhaps a flow through component. I would expect KDI to

[ekim]

They should have put a reference point on that photo of that diamond. No reference..unless you know exactly the size of the core. Would it have hurt to put a penny or paper clip next to the stone? Doesn't look gem quality by first glance....unless I'm missing something. Curious as to the final size (carats). EKIM