Kennady Diamonds Plans Extended Kennady North Drill Program
Press Release
September 25, 2014
- Kelvin diagonal delineation hole intersects 129 meters of kimberlite
- 12,500 meters drilled to date: Target increased to 14,000 meters
- 24 tonnes of kimberlite recovered to date: Target increased to 27 tonnes
Toronto, Ontario, September 25, 2014 – Kennady Diamonds Inc. (“Kennady Diamonds”, the “Company”) (TSX-V: KDI) is pleased to announce that over 129 meters of kimberlite has been intersected in a diagonal delineation drill hole at the far north of Kelvin kimberlite. Hole KDI-14-058a was drilled from west to east across the elongated Kelvin kimberlite at a dip of minus 62 degrees and intersected kimberlite from a downhole depth of approx. 235 meters to 364 meters.
Commenting, Kennady Diamonds CEO Patrick Evans said: “The 129 meter diagonal kimberlite intersect is the widest drilled to date at Kelvin. Combined with the 215 meters of kimberlite intersected in the south – north delineation drill hole KDI-14-055, it is apparent that the volume of the Kelvin kimberlite is expanding in a northerly direction. Based on these results, the Company is reviewing its tonnage target for the Kelvin – Faraday kimberlite corridor, which currently stands at 7 to 10 million tonnes”.
As previously reported, drilling of delineation hole KDI-14-055 stopped in kimberlite at a downhole depth of 373 meters due to unstable ground conditions in an area above the kimberlite. Options to stabilize the ground were explored, but in the interest of time it has been decided not to complete drilling of KDI-14-055 and instead to focus on completing the four diagonal delineation drill holes currently underway. These diagonal delineation holes will allow positioning of the next fan of three northerly delineation holes at the center of the Kelvin pipe.
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