TSXV:KDI - Post Discussion
Post by
aebestacey on Feb 16, 2016 2:58pm
News
February 16, 2016
Kennady Diamonds Inc. (TSXV:KDI) announced final 2015 diamond recovery results from the Faraday 2 kimberlite, located at its Kennady North diamond project.
As quoted in the press release:
A total of 6.4 tonnes of kimberlite was recovered by core drilling at Faraday 2 and processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council (“SRC”) returning a total ‘commercial’ sample grade of 3.04 carats per tonne.
The three largest diamonds recovered from the Faraday 2 sample are:
- 1.43 carat off-white, transparent tetra hexahedron with no inclusions;
- 1.02 carat off-white, transparent broken aggregate with inclusions; and
- 0.46 carat off-white, transparent fragment with inclusions.
Patrick Evans, president and CEO of Kennady, commented:
Significant progress was made delineating and sampling the Faraday 2 kimberlite during 2015. We are very pleased with the excellent results. Delineation drilling has defined the strike of the Faraday 2 kimberlite over approx. 390 meters and the pipe remains open on strike to the west. The ‘commercial’ sample grade of over 3 carats per tonne confirms that the Faraday 2 kimberlite has the potential to host a high grade diamond resource.
Click here to read the full Kennady Diamonds Inc. (TSXV:KDI) press release.
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