|
RAPAPORT... Kennady Diamonds Inc. released the latest results of its summer drill program at the Kennady North diamond project located in Canada's Northwest Territories, where exploration, delineation and mini-bulk sample drilling is currently underway at the Kelvin kimberlite. So far the summer drill program has recovered approximately 14.8 tonnes of kimberlite, in addition, the company recovered 25 tonnes from this past spring's drill program. The spring sample is currently being processing at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council.
Patrick Evans, Kennady Diamonds' CEO, said, "Delineation drilling at the north lobe of the Kelvin kimberlite pipe is exceeding expectations and initial exploration drilling at the Kelvin dyke is returning promising kimberlite intersects. Based on the results to date, we have revised our tonnage estimate for the Kelvin–Faraday kimberlite corridor from the previous 5 to 8 million tonnes to 7 to 10 million tonnes."
Following the mobilization of a third drill rig, drilling at the Kennady North project advanced rapidly and, therefore, was able to increase the estimate for the summer drill program to approximately 12,000 meters. To define the down-dip to the northwest of the Kelvin kimberlite dyke a "fence" of holes is being drilled from northeast to southwest along the western shore of Kelvin Lake, the company explained. If the current drill program is successful is proving continuity of the dyke to depth, the potential exists for considerable additional tonnage at the Kelvin kimberlite.
|