24 February 2016
Toronto, Ontario, February 24, 2016 – Kennady Diamonds Inc. (“Kennady Diamonds”, the “Company”) (TSX-V: KDI) is pleased to announce that the bulk sampling of the Kelvin North Lobe has commenced using two large-diameter reverse circulation (“RC”) drill rigs. The Company plans to recover approximately 500 tonnes, which is expected to result in the recovery of diamonds weighing more than 1,000 carats. The diamond parcel will be used for revenue modeling of the Kelvin North Lobe.
The first two of 26 planned large-diameter holes have been completed and more than 34 tonnes of kimberlite has so far been recovered. The Company is pleased to report the recovery of a diamond in chip samples taken from the first RC hole. The diamond measures approx. 0.5mm and is a high quality octahedral. A photograph of the diamond will be posted under “Media Links” on the homepage of the Company’s website at www.kennadydiamonds.com.