Canadian Mining Journal

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DIAMONDS: Faraday kimberlites contain 5M carats – Kennady



Some of the diamonds recovered from bulk sampling of the Faraday kimberlites. (Credit: Kennady Diamonds)

SASKATCHEWAN – Toronto-based Kennady Diamonds has released the maiden inferred resource for the Faraday kimberlites near the Gahcho Kue mine. The inferred resource is estimated at 3.27 million tonnes grading 1.54 carats per tonne and containing 5.02 million carats. The value per carat was set at US$98.

President and CEO Dr. Rory Moore said, “The five-million carat Faraday inferred resource builds upon our Kelvin indicated resource of 13.62 million carats, and represents another significant step in the advancement of our Kennady North project.”

Kennady based the Faraday estimate on data acquired up to the end of the winter 2017 bulk sampling, but does not include results from the 2017 summer drilling program. The database used for the estimate includes 34,511 metres of diamond drilling from 188 holes, 9.95 tonnes of microdiamond samples, and 594.8 tonnes acquired by reverse circulation drilling.

The Faraday 1 kimberlite and two minor domains of Faraday 2 remain targets for further exploration. Follow the results as they are posted at www.KennadyDiamonds.com.