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Kelvin North Lobe Bulk Sampling at 540 tonnes Faraday 3 kimberlite defined over 150 meter strike Preliminary economic assessment commences
Shares Issued and Outstanding: 46,906,970 TSX-V: KDI
TORONTO, April 11, 2016 /CNW/ - Kennady Diamonds Inc. ("Kennady Diamonds", the "Company") (TSX-V: KDI) is pleased to announce that the Kelvin North Lobe bulk sampling program is progressing well with 26 of 28 planned large-diameter holes completed and 540 tonnes of kimberlite recovered to date, surpassing the Company's target of 500 tonnes. Further on in the release they mention drilling the Hobbes anomally. The shallowness of the overburden is good to see. While not relevant today whne the time comes to mine the capital cost will be important and the closer the kimberlite is to surface the better. Now they need some good grade and value here. If there is one thing we know from MPV, in today's environment finding money is tough. So the less that is needed the better the chance for success.
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