11 April 2017
Toronto, Ontario: April 11, 2017 – Kennady Diamonds Inc. (“Kennady”, the “Company”) (TSX-V: KDI) is pleased to announce the successful completion of the 2017 winter bulk sampling program. Approximately 555 tonnes of kimberlite have been recovered from the three Faraday kimberlites using two large diameter reverse circulation drill rigs. The bulk samples will be processed at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council (“SRC”). The SRC lab is accredited to the ISO/IEC 17025 standard by the Standards Council of Canada as a testing laboratory for diamond analysis.
Kennady Diamonds CEO Dr. Rory Moore commented: “We are delighted to have successfully achieved all of the objectives set for the 2017 winter program. We expect that over one thousand carats of diamonds will be recovered from the three samples, which will facilitate advancing the Faraday 2 and 3 kimberlites to an inferred resource and the Faraday 1 kimberlite as a target for further exploration (“TFFE”)”.
Drilling on the 2017 winter program got underway on January 19 and was completed on April 10. A total of 75 holes were drilled for a total of 8,030 meters of drilling. Summary statistics for the program are summarized in Table 1 below.