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Kennady Diamonds Announces ‘Exceptional’ Grade from Kelvin Sample
Dec 8, 2015 5:38 AM
By Rapaport News
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RAPAPORT... Kennady Diamonds has announced an “exceptional” grade of 3.4
carats per tonne in a sample taken from the Kelvin North Lobe in Canada’s
Northwest Territories.
The 2.67-tonne sample was processed by caustic fusion at the
Geoanalytical Laboratories Diamond Services of the Saskatchewan Research
Council (SRC), according to a statement December 7.
“Kelvin North Lobe drill samples continue to return
outstanding diamond recovery results,” said Patrick Evans, Kennady Diamonds’ president and
chief executive officer. “Over
the course of 2015 we have processed by caustic fusion a total of 12.8 tonnes
of core samples from the Kelvin North Lobe, which have returned an average
sample grade of 2.79 carats per tonne.
“These results correspond well with a December 2014 North
Lobe mini-bulk sample processed by dense media separation at the SRC, which
returned a grade of 2.59 carats per tonne.”
Planning is now underway to recover a bulk sample of
approximately 500-tonnes from the North Lobe in February or March next year,
with results expected by the middle of 2016, Evans added. The bulk sample is
expected to deliver more than 1,200 carats to support revenue modeling for the
Kelvin kimberlite.
The three largest diamonds recovered were a 0.74-carat,
off-white, transparent broken
aggregate with inclusions; a 0.63-carat brown octahedral
with no inclusions; and a 0.45-carat, off-white broken dodecahedral with minor inclusions.
Results of three further samples will be released in early
2016.
“Following the recent closing of a $48 million non-brokered
private placement, Kennady Diamonds is fully funded to the end of 2017 when we
expect to be in a position to make a decision to build the first mine at
Kelvin,” Evans said.
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Tags:
Canada, Kelvin North Lobe, Kennady Diamonds, Rapaport News
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