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Kennady Diamonds Updates Kelvin Kimberlite Drilling

Press Release –

September 2, 2014

Shares Issued and Outstanding: 22,857,675

TSX-V: KDI

  • 161 meters of kimberlite intersected in vertical hole at Kelvin north lobe
  • High quality 0.94 carat diamond recovered during core logging at site
  • 9,100 meters of drilling completed to date
  • 19 tonnes of kimberlite recovered from Kelvin

Toronto, Ontario, September 2, 2014 – Kennady Diamonds Inc. (“Kennady Diamonds”, the “Company”) (TSX-V: KDI) is pleased to announce the latest results from the 2014 summer drill program at the Company’s 100 percent controlled Kennady North diamond project located in Canada’s Northwest Territories. Exploration, delineation and mini-bulk sample drilling is currently underway at the Kelvin kimberlite.

Kennady Diamonds CEO Patrick Evans commented: “Delineation drilling at the north lobe of the Kelvin kimberlite pipe continues to exceed expectations. A vertical delineation hole (KDI-14HQ-031a) drilled at the north end of the Kelvin pipe intersected over 161 meters of kimberlite from a downhole depth of approx. 127 meters. This is shallower than previously modeled and indicates the potential for additional tonnage at the high-grade Kelvin pipe”.

Kennady Diamonds is also pleased to announce the recovery at site of a high quality 0.94 carat diamond found during logging of core from the Kelvin kimberlite. The diamond measures 7.00mmX4.50mmX3.50mm and is described as white/colorless, transparent, octahedral, distorted, twin with etched trigons. The diamond has no inclusions. The diamond was found at a break in the core from drill hole KDI-HQ14-030a at a depth of approx. 75 meters. Photographs of the diamond will be posted on the Company’s website at www.kennadydiamonds.com.

Read more: http://www.kennadydiamonds.com/media/kdi_nr_kennady_north_summer_drill_program_september_2_2014_final.pdf

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