Mining News: Northern Neighbors: Kennady’s Faraday 2 returns high diamond grades

Kennady Diamonds Inc. Feb. 16 reported that a 6.4-metric-ton sample of kimberlite recovered from drilling the Faraday 2 kimberlite at the company’s Kennady North project in Nunavut returned 3.04 carats of commercial grade diamonds per metric ton. “Delineation drilling has defined the strike of the Faraday 2 kimberlite over roughly 390 meters, and the pipe remains open on strike to the west,” said Kennady President and CEO Patrick Evans. “The ‘commercial’ sample grade of more than three carats per metric ton confirms that the Faraday 2 kimberlite has the potential to host a high-grade diamond resource.” Kennady Diamonds also announced the completion of six exploration/delineation holes to the northwest of the final holes drilled at the end of the 2015 winter program at the Faraday 1 kimberlite. Similar to the Kelvin and Faraday 2 kimberlites, Faraday 1 outcrops at lake bottom and dips gently to the northwest with the volume of the pipe increasing to depth. The Faraday 1 kimberlite pipe has now been delineated over a strike of about 160 meters.

- Shane Lasley