Kennady Diamonds Inc. has commenced a new phase of bulk sampling at the Kelvin North Lobe under which it plans to recover about 500 tonnes of kimberlite for testing. The Company said that it expects this to result in the recovery of diamonds weighing more than 1,000 carats which will be used for revenue modeling of the Kelvin North Lobe.

Kennady said that the it is using two large-diameter reverse circulation drill rigs for the purpose and that the first two of 26 planned large-diameter holes have been completed and more than 34 tonnes of kimberlite has so far been recovered.

The Company said that it has already recovered a diamond in chip samples taken from the first RC hole. This diamond measures approx. 0.5mm and is a high quality octahedral.

Commenting on further results from the Faraday 1 winter drill programme, CEO Patrick Evans said: “Kimberlite has been intersected in the latest holes, the relatively narrow widths indicate that the side of the pipe was intersected at depth. In order to confirm the direction of emplacement the drill has been moved back 20 meters to the southeast to drill a series of infill holes.”

The Company also reported that following a review of the draft Kelvin NI 43-101 report it is apparent that further time is required to complete the work needed to capture the north end of the Kelvin North Lobe in the geological model. The additional work will be completed as soon as possible and it is expected that the results will be announced during the second quarter.