Kennady Diamonds Inc. has released the results of the 443 tonne Kelvin 2015 bulk sample, stating that it was please with the sample grade of 2.02 carats per tonne, plus the recovery of 35 diamonds of over 1 carat, including a few larger stones. The sample, recovered by large diameter reverse circulation drilling at the southeast lobe of the Kelvin kimberlite, was processed by dense media separation at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council in Canada.

Patrick Evans, Kennady Diamonds CEO said, “The results confirm that the Kelvin kimberlite has the potential to host a high-grade diamond resource.”

Overall, 16,247 diamonds of 0.850 mm and above were recovered from the sample totalling 892.8 carats, a yield of 2.02 carats per tonne, the company said. Of these, 35 diamonds were larger than 1 carat, with the five largest diamonds being described in the report as follows:

* 4.22 carat white/colorless, transparent macle with no inclusions;

* 3.95 carat brown, transparent aggregate with inclusions;

* 2.79 carat light brown, transparent aggregate with minor inclusions;

* 2.63 carat white/colorless, transparent octahedral with inclusions; and

* 2.59 carat white/colorless, transparent dodecahedron with no inclusions.

Evans adds that “this bulk sample was taken from the more diluted southeast lobe of the Kelvin kimberlite”, while an earlier “19 tonne mini-bulk sample from the north lobe of Kelvin retuned a sample grade of 2.59 carats per tonne”.

The company will now commence preparations for the bulk sampling of the Kelvin north lobe during the winter of 2016.

Kennady Diamonds has also retained the services of WWW International Diamond Consultants to provide an independent valuation of the Kelvin bulk sample diamonds and also to develop size frequency distribution and revenue models. This work will commence in Antwerp, Belgium, in early September and is expected to be completed by October.