16 February 2016
Toronto, Ontario, February 16, 2016 – Kennady Diamonds Inc. (“Kennady Diamonds”, the “Company”) (TSX-V: KDI) is pleased to announce the final 2015 diamond recovery results from the Faraday 2 kimberlite at the Company’s 100 percent-controlled Kennady North project. A total of 6.4 tonnes of kimberlite was recovered by core drilling at Faraday 2 and processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council (“SRC”) returning a total ‘commercial’ sample grade of 3.04 carats per tonne.
Kennady Diamonds President and CEO Patrick Evans noted: “Significant progress was made delineating and sampling the Faraday 2 kimberlite during 2015. We are very pleased with the excellent results. Delineation drilling has defined the strike of the Faraday 2 kimberlite over approx. 390 meters and the pipe remains open on strike to the west. The ‘commercial’ sample grade of over 3 carats per tonne confirms that the Faraday 2 kimberlite has the potential to host a high grade diamond resource.”