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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.
Tags: Canada, Kelvin North Lobe, Kennady Diamonds, Rapaport News
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