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Kennady North resource due by year's end

Kennady Diamonds Inc. reported the completion of a 2015 infill drill program at the Kelvin kimberlite of the Kennady North diamond project in Northwest Territories.

"The Kelvin infill drilling has been very successful, and we expect the results to add to our previous Kelvin tonnage estimate.

Preparation of the maiden resource statement is underway and expected to be completed before the end of the year," said Kennady Diamonds President and CEO Patrick Evans.

Exploration drilling has helped define the MZ kimberlite, which is located 25 kilometers (16 miles) west of the Kelvin camp, over a strike length of more than 1,800 meters.

Based on results to date, the MZ kimberlite appears to be a roughly three-meter-wide sheet dipping at roughly 15 degrees to the northeast.

In addition, the final two geotechnical holes at the Kelvin kimberlite are expected to be completed by mid-September.

"On completion of the geotechnical drilling at Kelvin a drill rig will be moved to the diamond-bearing Doyle kimberlite to test a number of new geophysical targets.

The Doyle kimberlite is located about 20 kilometers (12 miles) to the southwest Kelvin camp on the same northeast-to-southwest structural feature that hosts the Faraday, Kelvin and Gahcho Kué kimberlites," Evans said.

With the mobilization to site of a larger fourth drill rig, further delineation drilling at the north lobe of the Kelvin kimberlite has begun.

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Shane Lasley, Publisher

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Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

 

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