The Canadian junior Kennady Diamonds (TSXV:KDI) just announced drill results from the Kennady North project in the Northwest Territories.The samples from the drilling show a high yield of 5.1 carats per tonne.
Kennady Diamonds North Project is close to Mountain Province’s project. Good newsa for Kennady as they hosting four kimberies in the region: Kelvin, Doyle, MZ and Faraday.
Recently, diamond industry analyst and consultant stated that Gahcho Kué “will be the seventh-largest diamond mine in the world in terms of value produced, and 11th in the world in terms of carats produced once ramped up to full production capacity in 2017/18.”
Kennady CEO Patrick Evans confirmed the Faraday kimberlite has the potential to host a high-grade diamond resource, noting that it returned “amongst the highest diamond sample grades recorded in Canada.”
“We are very pleased with the Faraday diamond recovery results and are keenly looking forward to the diamond recovery results from the Kelvin 25 tonne mini-bulk sample that is currently being processed at the SRC,” Evans told investors in a recent statement. “The summer delineation and mini-bulk sample drill program at Kennady North is progressing well with over 10 tonnes of kimberlite having been recovered to date from the Kelvin kimberlite pipe.”
According to Diamond Investment News, ‘The sample comes from 933 kilograms of kimberlite recovered from Faraday and processed at Geoanalytical Laboratories Diamond Services at the Saskatchewan Research Council; it is accredited to ISO/IEC 17025 standards by the Standards Council of Canada as a testing laboratory for diamond analysis using caustic fusion.’
Kennady, states that the sample contained a total of 97 commercial-sized diamonds grading 3.88 carats per tonne and noted that most of the commercial diamonds are transparent and either white/colorless or off white. Furthermore, roughly 75 percent of the diamonds either have no or only minor inclusions.
Kennady is working to identify between 5 and 8 million tonnes along the Kelvin and Faraday kimberlite corridor and well as conducting exploratory work to identifying new kimberlites outside the corridor.