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More kimberlite cut at Kennady North


Last updated 5/24/2015 at Noon

Kennady Diamonds Inc. May 13 and May 19 reported additional encouraging results from the current drilling at its Kennady North diamond project in Northwest Territories.

The company said drilling at the Faraday 2 kimberlite has now defined the kimberlite over a strike of roughly 200 meters from southeast to northwest.

One hole drilled in the northwest lobe of Faraday 2 cut 68 meters of kimberlite.

"Exploration drilling at the northwest end of the Faraday 2 kimberlite has yet to confirm the direction in which the pipe-like body is trending, but we have intersected a very encouraging 68 meters of undiluted kimberlite in vertical drill hole 033," said Kennady Diamonds CEO Patrick Evans.

Exploration hole KDI-15-036b, reported by the company on May 19, cut 73.9 meters of the Faraday 2 kimberlite with only minor country rock intercepts present in the core.

Drilling at the Faraday 1 kimberlite has defined a pipe-like kimberlite over a strike of roughly 120 meters trending from the southeast, where it comes close to surface, to the northwest where there is some 60 meters of country rock overburden.

This year's drilling has cut up to 35 meters of kimberlite at Faraday 1.

"While tracking the Faraday 1 kimberlite from southwest to northeast, we initially thought that it may be a sheet-like body, perhaps comparable to the Kelvin sheet.

However, results from the last eight drill holes indicate the presence of a pipe-like body, which is very encouraging.

We have a good deal more drilling to do to confirm the continuity and dimensions of the F1 kimberlite," Evans added.

Drilling at two other exploration targets east of the Kelvin kimberlite did not find kimberlite.


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