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RAPAPORT... Kennady Diamonds Inc. began its summer drilling program at the Kennady North diamond project in Canada's Northwest Territories with plans to complete drilling a minimum of 5,000 meters, focusing on delineation drilling at the Kelvin and Faraday kimberlites. Additionally, Kennady Diamonds expects to complete exploration drilling at the MZ and Doyle kimberlites and at four new exploration targets.
Drilling at the Kelvin kimberlite is being completed with two rigs, the first of which is conducting delineation drilling at the northern edge of the Kelvin northwest lobe where a previous drill hole intersected undiluted kimberlite. The rig will then be positioned for a drill "fence" from northeast to southwest along the western shore of Kelvin Lake to test the continuity to depth of the Kelvin kimberlite dyke.
Kennady Diamonds' CEO, Patrick Evans, said, "The Kelvin dyke system extends over more than one kilometer to the southwest of the main Kelvin pipe. Past drilling of the Kelvin dyke has returned kimberlite intercepts ranging from a few meters to over 20 meters. If the current drill program is successful is proving continuity of the dyke system to depth, the potential exists for considerable additional tonnage." The second drill rig is drilling vertical and near vertical holes along two lines from the lake shore to the northwest along the strike of the northwest lobe of the Kelvin kimberlite. In addition to adding to the Kelvin mini-bulk sample, these holes will also test the depth extent of the kimberlite emplacement along the northwest lobe. Analysis of the Kelvin 25 tonne mini-bulk sample that was recovered during the first and second quarter is completed, with results expected early in the fourth quarter.
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