Canadian Mining Journal

News

Key milestones ahead for Kennady Diamonds

Kennady Diamonds (TSXV: KDI)—whose share price soared 277% to $5.24 per share in 2013—is among fifteen junior companies Haywood Securities believes offer short term investment opportunity with strong management teams, very...



Kennady Diamonds (TSXV: KDI)—whose share price soared 277% to $5.24 per share in 2013—is among fifteen junior companies Haywood Securities believes offer short term investment opportunity with strong management teams, very prospective projects, and sufficient funding or access to capital to produce news over the next few months.

The Haywood team points out in its Junior Exploration Q1/14 report published today that the company’s 18,000-metre drill program kicks off in the first quarter of 2014 as does the collection of a 25- to 30-tonne bulk sample at its Kelvin kimberlite. Results of the bulk sample should be released in the third quarter of 2014, with a maiden resource estimate to follow in the fourth quarter of the year.

The Toronto-based company’s 100%-owned Kennady North project, 280 km northeast of Yellowknife in the Northwest Territories, consists of two known kimberlites – Kelvin and Faraday. The project is a about 10 km from Gahcho Kué diamond mine in the Northwest Territories …

Continue reading this story at NorthernMiner.com