Geological model of the Faraday 1-3 kimberlites. (Image: Kennady Diamonds)
NORTHWEST TERRITORIES – Toronto-based Kennady Diamonds has a winter drilling program underway at the Kennady North diamond project near Lac des Gras. The company is collecting data to complete a pre-feasibility study and open pit design work.
Results from two geotechnical holes and three delineation holes at the Faraday 1-3 kimberlite have been received, and all of the holes intersected kimberlite. Intercepts were 2.98 and 33.88 metres in hole KDI-18-001, 6.55 metres from hole KDI-18-002, 12.62 and 13.15 metres from hole KDI-19-003a, 16.25 metres from hole KDI-18-003b, and 25.13 metres from hole KDI-18-005a.
Mountain Province Diamonds, 49% owner of the Gahcho Kue diamond mine, made a friendly all-share offer to acquire Kennady earlier this year. Five years ago Kennady was itself spun out of Mountain Province.
More details of the Kennady North project are available at www.KennadyDiamonds.com.