DIAMONDS: Update on Kennady North drill program

NORTHWEST TERRITORIES – Toronto-based Kennady Diamonds has a winter drilling program underway at the Kennady North diamond project near Lac des Gras. […]
Geological model of the Faraday 1-3 kimberlites. (Image: Kennady Diamonds)
[caption id="attachment_1003722341" align="aligncenter" width="494"] Geological model of the Faraday 1-3 kimberlites. (Image: Kennady Diamonds)[/caption] 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.

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