Kennady Diamonds Announces Positive Faraday Kimberlite Diamond Recovery Results
19 June 2017
- Faraday 3 - Sample grade 1.67 carats per tonne; 7.78 carat gem diamond recovered – largest to date at Kennady North
- Faraday 1 - Sample grade 2.91 carats per tonne; Largest diamonds recovered: 3.21 carats, 2.35 carats, 2.31 carats
Kennady Diamonds Inc. (“Kennady Diamonds”, the “Company”) (TSX-V: KDI) is pleased to announce diamond recovery results for the Faraday 3 and Faraday 1 kimberlites on its Kennady North Project. The samples were collected during the winter 2017 program that was designed to further delineate both kimberlites as well as to recover sufficient carats from Faraday 3 for valuation (see news release April 11, 2017). The program has recovered the largest high-quality diamonds to date on the project, including a 7.78ct white gem quality stone as well as numerous diamonds exceeding one carat.
A total of 460.5 carats of diamonds (+0.85mm) were recovered from 276.4 tonnes for a sample grade of 1.67 carats per tonne. The largest stone recovered is a 7.78 carat white/colorless octahedral gem with no inclusions. A total of 26 diamonds of one carat or greater were recovered, of which nine are gem quality and seven are “near gem” quality. Since drilling was designed to sample the thickest parts of the pipe in order to maximize carats recovered for the purpose of resource definition, the sample grade reported here may not be representative of the grade of the entire kimberlite pipe. Table 1 below summarizes the diamond recovery results from the 2017 Faraday 3 bulk sample.
The five largest diamonds recovered from the Faraday 3 bulk sample are described by the SRC as:
- 7.78 carat white/colorless octahedron with no inclusions
- 4.02 carat white/colorless octahedron with minor inclusions;
- 3.41 carat off-white octahedron with minor inclusions;
- 3.38 carat off-white octahedron with noticeable inclusions
- 3.08 carat off-white octahedron with no inclusions.
President and CEO of Kennady Diamonds, Dr. Rory Moore commented: “While the grade achieved for the Faraday 3 kimberlite is in line with expectations, the recovery of a high quality 7.78 carat gem from the sample is extremely exciting. This stone represents the largest diamond recovered from our bulk sampling activities on the project to date.” He further added; “As with Faraday 2, the size distribution and quality characteristics of the Faraday 3 diamonds appear better than those recovered from Kelvin to date, with a notable trend of increased quality with diamond size and a higher incidence of well-formed crystals in the larger size fractions.” Images of select diamonds from the 2017 Faraday 3 bulk sample will be posted on the Company’s website at www.kennadydiamonds.com under the tab “Media Links”.
A total of 76.8 carats of diamonds (+0.85mm) were recovered from 26.37 tonnes for a sample grade of 2.91 carats per tonne. The largest stone recovered is a 3.21 carat white/colorless tetrahexahedron. A total of 8 diamonds of one carat or greater were recovered. Table 2 below summarizes the diamond recovery results from the 2017 Faraday 1 bulk sample.
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