Post by
aebestacey on Jul 18, 2015 12:18am
Like playing Black Jack! Love the odds!
............... Kennady Diamonds CEO Patrick Evans commented: "It is exceptionally rare to find a macro diamond in drill core during logging and this is the second time that our geologists have made such a find. .................. This is a reflection of the high diamond content of both the Kelvin and Faraday kimberlites." ................ The first diamond was found in August 2014 during logging of core from the Kelvin kimberlite and was described as a 0.94 carat white/colorless transparent octahedral twin with etched trigons. ................ The core containing the Faraday 2 diamond will be processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council and the final weight and description of this diamond will be announced as soon as those results are received. A photograph of the Faraday 2 diamond in core has been posted on the Company's website at www.kennadydiamonds.com. ............... Kennady Diamonds is also currently processing a 436 tonne Kelvin bulk sample through the SRC dense-media separation plant 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
Comment by
MrBigger on Jul 18, 2015 1:31pm
Financing next week? Probably around 3.50- 3.75 IMO
Comment by
MrBigger on Jul 19, 2015 10:54am
Too bad they have found so very few in many tons of kimberlite recovered. Good grade, but macro's rare. Guess the 400+ ton sample will tell the tale.