17 January 2017
Toronto, Ontario: January 17, 2017 – Kennady Diamonds Inc. (“Kennady”, the “Company”) (TSX-V: KDI) is pleased to announce diamond recovery results from the Faraday 3 kimberlite at the Company’s 100 percent-controlled Kennady North project. A total of 3.03 tonnes of kimberlite recovered by core drilling at Faraday 3 in 2016 was processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council (“SRC”) to return a sample grade of 2.18 carats per tonne.
Kennady Diamonds President and CEO Dr. Rory Moore noted: “Our first diamond results for Faraday 3 since its discovery in March 2016 confirm its high-grade, similar to our other kimberlites within the Kelvin-Faraday Corridor. Significant progress was made delineating and sampling the Faraday 3 kimberlite during 2016, defining its strike over 375 meters with the pipe still open to the northwest. We expect further positive results from Faraday 3 as our winter sampling program begins.”