Mining News: Northern Neighbors: Kennady North sample returns 3.4 c/t diamonds

Kennady Diamonds Inc. Dec. 7 posted final recovery results from a 2.67-metric-ton sample from the Kelvin North Lobe at the Kennady North diamond project adjacent to the Gahcho Kué mine project in Northwest Territories. The sample, processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council, averaged 3.4 carats per metric ton for diamonds of commercial size. Kennady Diamonds President and CEO Patrick Evans said, “Kelvin North Lobe drill samples continue to return outstanding diamond recovery results. 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 metric ton.” Processing of this sample clears the way to complete grade modeling for a Kelvin resource statement that is expected to be released in early 2016. Kennady Diamonds expects to be in a position to make a decision on developing a mine at Kennady North by the end of 2017.

- Shane Lasley