Kennady North winter drill program in Canada reaches advanced stage

The Kennady North winter drill program in Canada has reached an advanced stage, says Kennady Diamonds Inc.

Since the completion of the 2012 summer drill program, the company’s geological and geophysical consultant, Aurora Geosciences Ltd has completed a comprehensive review and analysis of the exploration data for the 123 square-kilometer property.

The results of the review have guided preparations for the company’s planned 5,000-meter winter drill program, which is scheduled to commence next month.

Mobilization to a satellite exploration camp at Kennady North will start this week to complete further ground gravity and horizontal-loop electromagnetic (HLEM) surveys over the Kelvin – Faraday kimberlite corridor. This program is expected to take approximately four weeks and data from these surveys will assist the company in selecting final drill targets.

Following completion of the surveys, supplies will be mobilized to the main exploration camp at Kennady North in preparation for the start of drilling at the Kelvin – Faraday corridor.

The Kelvin – Faraday drill program will comprise both infill drilling at the known kimberlites as well as testing of newly identified kimberlite targets within the corridor that are in close proximity to the known kimberlites.

Following the commencement of drilling at Kelvin – Faraday, ground gravity and HLEM surveys will be completed over fifteen newly identified kimberlite targets outside and to the west of the corridor. Drilling of these targets is expected to commence at the beginning of April and should be completed by mid-May.

Kennady Diamonds President and CEO Patrick Evans said: “Diamond recovery results from the Kelvin-Faraday kimberlite cluster confirm the potential to host a high grade diamond resource. Besides the high diamond count, approximately 70 percent of the recovered diamonds are classified as white and transparent. A further 5 percent of the diamonds are classified as yellow and transparent. Almost all the diamonds have either no inclusions or only minor inclusions. Together with grade, these characteristics are key value drivers.

“Our goal is to identify an initial resource along the Kelvin – Faraday kimberlite cluster of at least 5 million tonnes and then to add to that with new kimberlite discoveries at Kennady North”.
Kennady Diamonds controls 100 percent of the Kennady North project which comprises thirteen leases and claims located to the west and north of the four leases controlled by the Gahcho Kué Joint Venture between De Beers Canada and Mountain Province located in Canada’s Northwest Territories.