Canadian Mining Journal

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Kennady eager to build on proven potential



KELVIN CAMP, NORTHWEST TERRITORIES — Kennady Diamonds (TSXV: KDI) has already tripled early targets at Kennady North, Canada’s most advanced diamond exploration project – and there’s an eagerness to get going and find more, says president and CEO Rory Moore.

The results of $85 million in spending and four years of determined, methodical exploration have to date probed four kimberlite pipes, labelled Kelvin and Faraday 1, 2 and 3. By year end, the company is aiming to have indicated and inferred resources totaling 20 million carats at grades north of 1.5 carats per tonne at Kennady North, located in the Northwest Territories.

Kennady’s maiden resource statement released in December 2016 outlined an indicated resource of 8.5 million tonnes grading 1.6 carats per tonne totalling 13.62 million carats in the Kelvin body alone.

“This year our mission is to get Faraday into an inferred resource,” said Moore, who joined Kennady a year ago.

Continue reading at The Northern Miner.