DIAMOND: Kennady releases maiden resource for Kelvin kimberlite

NORTHWEST TERRITORIES – Toronto’s Kennady Diamonds  has released the maiden indicated resource for its Kelvin kimberlite at the Kennady North project. The company is looking at 13.62 million carats in 8.5 million tonnes averaging 1.6 ct/t and US$63 per carat. The resource was calculated with a 1-mm diamond bottom cut-off size. Aurora Geosciences, Mineral Services Canada, SRK Consulting and JDS Energy & Mining all participated in the report. The Kelvin kimberlite is located approximately 280 km east-northeast of Yellowknife, and is immediately adjacent to the Gahcho Kue diamond mine operated by De Beers and Mountain Province Diamonds. Kelvin was one of several small kimberlite dykes with associated volcanoclastic blows discovered by the De Beers-Mountain Province joint venture in 2000, and were only proven to have volume potential after drilling by Kennady Diamonds began in 2012. Kennady has defined Kelvin as an L-shaped kimberlite pipe with a strike length 700 meters and a vertical thickness ranging from 70 meters in southeast limb, to 200 meters in the north limb. The body ranges from 30 to 70 meters in width with upper and lower contacts plunging 12° to 15° to the north-northwest and remains open to the northwest. Please visit www.KennadyDiamonds.com to view project maps and photos.