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RAPAPORT... Kennady Diamonds Inc. intersected kimberlite at 390 meters below the surface during its latest Kelvin delineation drill hole (KDI-14-065), which is approximately 50 meters north of drill hole KDI-HQ14-033a, where kimberlite was intersected at approximately 194 meters deep. Kennady Diamonds aims to define a resource along the Kelvin – Faraday kimberlite corridor of between 9 million and 12 million tonnes of ore, at a grade of between 2 carats and 2.50 carats per tonne and also to identify new kimberlites outside of the corridor.
Patrick Evans, the CEO of Kennady Diamonds, said, "We are pleased to have intersected the Kelvin kimberlite beyond drill hole KDI-HQ14-033a. We had delineated the Kelvin pipe-like body over a strike of approximately 610 meters up to 033a. Drill hole KDI-HQ14-033b, which was drilled at -80 degrees to the north of 033a, returned only narrow kimberlite intersects, leading us to believe that the pipe was trending either to the north-northwest or north-northeast and that we had drilled over the top of the kimberlite. Drill hole KDI-14-065, which was drilled from east to west, indicates that the Kelvin pipe may be trending to the north-northwest. Recently completed ground geophysics supports this view." Evans added that drilling on KDI-14-065 was halted at 442 meters due to difficult ground conditions. He believed that 065 "clipped" the lower portions of the Kelvin pipe. "The rig has now been moved to a location to the west of Kelvin and the next hole will be drilled to the northwest when drilling recommences in January," he explained. A total of 27,200 meters has been drilled at the Kelvin – Faraday kimberlite corridor in 2014, resulting in the recovery of approximately 55 tonnes of kimberlite of which four tonnes is being processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council (SRC) and one tonne is being processed at the Rio Tinto diamond laboratory in Thunder Bay, Ontario. Kennady Diamonds is processing another 20 tonnes of kimberlite through the dense media separation plant at the SRC, with diamond recovery results being expected prior to the end of the year.
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