Mining News: Northern Neighbors: Validating Faraday kimberlites

Kennady Diamonds Inc. Aug. 30 provided an update on the summer drilling program on the Kennady North diamond project in Nunavut. Exploration and delineation drilling is being conducted from two land-based setups. One rig is focused on the Faraday 1 and Faraday 3 kimberlite complex, and the second rig is targeting Faraday 2. One hole at Faraday 2 cut 30.3 meters of continuous kimberlite, with Faraday 3 producing three separate intersects of 18.3, 20.7and 28.7 meters. Kennady Diamonds President and CEO Rory Moore said, “Our exploration model continues to be validated at Kennady North, with eight of the nine latest drill holes intersecting kimberlite.” It is anticipated that more than 8,000 meters of core drilling will be completed on the Faraday kimberlites by the end of the summer program, with the results incorporated into defining a diamond resource along the Kelvin-Faraday corridor. Additionally, the company said the results from the processing of a 620-metric-ton bulk sample collected from the Kelvin kimberlite at Kennady North is expected in September.

-Shane Lasley