Kennady Diamonds Inc. has said that the approximately 0.93 tonnes of kimberlite from the 2015 spring core drilling programme at the southeast lobe of Faraday 2, which was processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council, has returned a sample grade of 1.93 carats per tonne for diamonds of commercial size.

A total of 247 individual diamonds from the above sample were described by the SRC. Ninety-three per cent are described as transparent and white/colourless (37%) or off-white (56%). Ten diamonds are described as yellow, six as brown and just two as gray.

The three largest diamonds recovered from the Faraday 2 sample are described as:

• 0.22 carat off-white, transparent octahedral with minor inclusions;
• 0.22 carat off-white, transparent aggregate with inclusions; and
• 0.21 carat brown, transparent, broken macle with inclusions.

Kennady Diamonds CEO Patrick Evans commented: "We are very pleased with these high diamond recovery results, which confirm that the Faraday 2 kimberlite has the potential to host a high grade diamond resource. We continue to estimate that the Kelvin – Faraday kimberlite cluster has the potential to host between 12 and 15 million tonnes at a grade of between 2 and 2.5 carats per tonne."

He added that the Company was also “encouraged by the very high percentage of transparent white and off-white diamonds recovered from the Faraday 2 kimberlite. We expect this to have a positive impact on diamond values."

Results of the processing of the 436 tonne Kelvin bulk sample through the SRC dense-media separation plant are expected before the end of Q3 2015, while that of the processing of a further 2.6 tonnes of Kelvin South Lobe kimberlite by caustic fusion are expected by early September 2015.