Faraday adds 5M carats diamonds to Kennady

Kennady Diamonds Inc. Oct. 3 announced a maiden inferred resource for the Faraday kimberlites at its Kennady North project in Nunavut of 5.02 million carats of diamonds in 3.27 million metric tons of kimberlite averaging 1.54 carats per metric ton.

The diamonds at Faraday have an estimated average value of US$98 per carat.

"The 5-million carat Faraday inferred resource builds upon our Kelvin indic...