Kennady Diamonds Drills 215 meters of Kimberlite at Kelvin: Drill Hole Still in Kimberlite
Press Release –
September 15, 2014
Shares Issued and Outstanding: 22,857,675
TSX-V: KDI
- 10,900 meters of drilling completed to date
- 22.5 tonnes of kimberlite recovered from Kelvin
Toronto, Ontario, September 15, 2014 – Kennady Diamonds Inc. (“Kennady Diamonds”, the “Company”) (TSX-V: KDI) is pleased to announce that over 215 meters of kimberlite has been intersected in delineation drill hole KDI-14-055 at the Kelvin kimberlite. Kimberlite was intersected from a downhole depth of 157.5 meters to 373 meters. The drill hole remains in kimberlite at 373 meters.
Commenting, Kennady Diamonds CEO Patrick Evans said: “We are very pleased with the results of delineation drilling at the north end of the elongated Kelvin kimberlite, which continue to exceed expectations. A fan of three drill holes at minus 90 degrees, minus 80 degrees and minus 65 degrees has successfully delineated the Kelvin kimberlite to the north well beyond the current geological model. Preparations are now underway for the drilling of a fan of three further delineation holes to continue tracking Kelvin to the north”.
Drilling of delineation hole KDI-14-055 was temporarily stopped in kimberlite at a downhole depth of 373 meters due to unstable ground conditions in an area above the kimberlite at approximately 145 meters downhole. The drill contractors are assessing options to stabilize the ground so that drilling can resume. In the interim, drilling of four diagonal delineation holes (two from west to east and two from east to west) across the far north end of the Kelvin kimberlite will commence shortly. These diagonal delineation holes will allow positioning of the next fan of three northerly delineation holes at the center of the Kelvin pipe.
Table 1 below provides details of the latest delineation holes drilled at the Kelvin kimberlite.
