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KENNADY DIAMONDS INC V.KDI

"Kennady Diamonds Inc. is a Canada-based diamond exploration company. It is engaged in the exploration, discovery, and development of diamond properties in Canada's Northwest Territories."


TSXV:KDI - Post by User

Post by MrBiggeron Jun 04, 2015 1:31pm
101 Views
Post# 23797436

More drilling news for those who care.

More drilling news for those who care.Kennady Diamonds Drills 178 meters of Kimberlite at Kelvin Shares Issued and Outstanding: 28,633,122 TSX-V: KDI TORONTO, June 4, 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 immediately adjacent to the new Gahcho Kué diamond mine currently under development by De Beers Canada and Mountain Province Diamonds. Following the successful completion of the Faraday ice-based spring drill program, land-based infill/delineation drilling commenced at the north lobe of the Kelvin kimberlite and four of approximately twenty planned holes have been completed. This drilling is designed to increase confidence in the Kelvin geological model in preparation for a maiden resource statement expected prior to yearend. Table 1 below details the latest drill results from the Kelvin 2015 spring drill program. Table 1 Kelvin North Lobe 2015 Spring Drill Program Drill Hole Target Azimuth Inclination Kimberlite Intercepts (m) Approximate End of Hole (m) From To Intercept* KDI-HQ15-008 Kelvin North 355 -90 181.05 359.65 178.60 370 KDI-HQ15-009b Kelvin North 255 -60 219.37 320.67 101.30 331 *Intercepts in sub-vertical holes not true widths Mr. Evans noted: "The 178 meter intersect in hole 008 confirmed the existing geological model, while the 101 meter intersect in hole 009b expanded the existing model marginally." Drilling with two core rigs at the Kelvin North Lobe is expected to continue until late June at which time the Company expects to be able to commence land-based exploration/delineation drilling at the Faraday 2 kimberlite. One drill rig is currently on standby at Faraday 2. Updated location maps of drilling at Kelvin North Lobe will be available on the homepage of the Company's website at www.kennadydiamonds.com.
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