Kennady Diamonds says it has found a third kimberlite body at Canada’s high-grade Faraday cluster.
The discovery comes after the core rig was moved to a geophysical target approximately 80 m to the southwest where indications of the presence of volcaniclastic kimberlite were discovered during the winter of 2015.
The company says three exploration drill holes have been completed at the Faraday 3 discovery, with the latest hole intersecting more than 55 m of kimberlite.
“Faraday 3 is the fourth kimberlite body we have discovered at Kennady North over the past three years,” said Kennady’s president and CEO, Patrick Evans.
“Methodical exploration over the Kelvin”“Faraday kimberlite corridor has increased our confidence in the potential for the discovery of further kimberlite bodies within the corridor.”
Kennady said the Kelvin North Lobe bulk sampling program is progressing, with 13 of 26 planned large-diametre holes completed and more than 300 tonnes of kimberlite recovered to date. The company’s target is to recover approximately 500 tonnes, which is expected to result in the unearthing of diamonds weighing more than 1000 carats. The diamond parcel will be used for revenue modelling of the Kelvin North Lobe.
“To ensure we achieve our target of at least 500 tonnes, we’ve decided to keep one of the two reverse-circulation (RC) drill rigs on-site following the closing of the ice road later this month,” Evans added. “This will also provide us with the opportunity to commence the 2017 Faraday bulk sampling program well ahead of the opening of the ice road next year.”
