Apr 24, 2015

Kennady Diamonds: Excellent Diamond Recovery Results from Kelvin

Kennady Diamonds Inc. has announced that the diamond recovery results from the Kelvin 2014 summer/fall core drilling programme have been excellent with the Kelvin South Lobe returning a sample grade of 3.64 carats per tonne and the Kelvin Sheet returning a sample grade 5.95 carats per tonne.

Approximately 1.83 tonnes of kimberlite from the Kelvin South Lobe and 47.62 kilograms from the Kelvin Sheet were processed. Of the 366 individual diamonds from the above samples, 46 percent are described as white/colourless, 51 percent as off-white, six are described as yellow and only 5 as brown by the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council, which did the analysis.

The four largest diamonds recovered from the Kelvin South Lobe sample are described as aï‚· 1.36 carat off-white, transparent, macle with inclusions; a 0.68 carat off-white, transparent, broken tetra-hexahedron with inclusions; a 0.44 carat off-white, transparent, fragment with minor inclusions; and a 0.44 carat off-white, transparent, octahedral with inclusions.

The largest diamond recovered from the Kelvin Sheet sample is described as a 0.12 carat white/colourless, transparent octahedral with minor inclusions.

Kennady Diamonds CEO Patrick Evans commented: “We are very pleased with these excellent diamond recovery results, which support the potential for the Kelvin kimberlite to host a high grade diamond resource. Based on drilling and sampling completed to date, we estimate that the Kelvin – Faraday kimberlite cluster has the potential to host between 10 and 13 million tonnes at a grade of between 2 and 2.5 carats per tonne.”

Further testing and analysis will continue during the year.