The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 50 of 70
Kennady Diamonds Inc. Sept. 19 reported the recovery of 1,278 carats of commercial-sized diamonds from a 612-metric-ton bulk sample from the Kelvin kimberlite at the company's Kennady North project in Northwest Territories. At 2.09 carats per metric tons, the diamond grade of this sample is similar to the 2.02 g/t average of a bulk sample collected from the south limb of the same kimberlite in 2015. "One of the key observations to emerge from our Kelvin bulk sampling programs is the remarkable consistency in overall diamond...
Kennady Diamonds Inc. Oct. 19 reported the successful completion of a 9,561-meter summer drill program at its Kennady North diamond project in Nunavut. One rig primarily focused on the Faraday 1-3 kimberlite complex, and the second rig was focused on Faraday 2. Towards the end of the program, two infill delineation holes were completed on the Kelvin kimberlite in order to refine the kimberlite pipe shell in two specific areas of this most advanced kimberlite at Kennady North. "Excluding three holes that were abandoned due to...
While most mining jurisdictions have seen sharp drops in mineral exploration spending, such investments in Northwest Territories has largely held steady at about C$100 million annually during the past five years. As a result, this diamond-rich territory accounted for roughly 7 percent of mineral exploration spending in Canada in 2016, compared with only about 2 percent in 2011. The ultimate measure of mineral exploration success is not the amount of exploration dollars spent...
With Canada's newest diamond mine looming on the horizon in Northwest Territories, crews at the Kennady North project about seven kilometers (4.5 miles) to the southwest, do not have far to look for inspiration. It is not serendipitous that Gahcho Kué – a mine being ramped up to commercial production by De Beers Canada (51 percent) and Mountain Province Diamonds Inc. (49 percent) – and Kennady North are within eyesight of each other. In fact, Kennady Diamonds Inc. was spun...
As the summer’s midnight sun gives way to aurora-filled winter night skies, seasons are once again changing in Canada’s Northwest Territories. And, much like the seasons, our resource industries are also in a time of transition. The NWT celebrates 25 years of diamonds this year with the opening of De Beers and Mountain Province’s Gahcho Kué, the world’s largest new diamond mine, which is expected to pour more than C$6 billion into our economy over its lifetime. Projects...
Kennady Diamonds Inc. Oct. 3 announced a maiden inferred resource for the Faraday kimberlites at its Kennady North project in Nunavut of 5.02 million carats of diamonds in 3.27 million metric tons of kimberlite averaging 1.54 carats per metric ton. The diamonds at Faraday have an estimated average value of US$98 per carat. "The 5-million carat Faraday inferred resource builds upon our Kelvin indicated resource of 13.62 million carats, and represents another significant step...
Kennady Diamonds Inc. Nov. 15 reported the results of a valuation of 2,262.43 carats of commercial sized diamonds recovered from the Kelvin kimberlite at the company's Kennady North project in Northwest Territories. Belgium-based WWW International Diamond Consultants reported an average value of US$52 per carat for the parcel, with the very encouraging presence of high value gem quality stones noted in 2015 confirmed in the 2016 bulk sample, including a 2.84 carat diamond valued at US$2,640 per carat. "Based on the results...
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...
Kennady Diamonds Inc. Dec. 1 reported the completion of 33,400 meters of drilling during its 2015 exploration program at the Kennady North diamond project in Nunavut. Highlights include the discovery of two pipe-like kimberlites at Faraday 1 and Faraday 2, as well as confirmation of continuity of the strike of the Kelvin kimberlite beyond the current geological model. A 443 metric tons bulk sample recovered from the Kelvin Southeast Lobe returned an average grade of 2.02 carats per metric ton. In addition, roughly 12,600...
Kennady Diamonds Inc. May 23 reported that 737.6 carats of diamonds were recovered from a 262.6 metric ton sample collected during its large diameter drilling program at the Faraday 2 kimberlite of its Kennady North project in Northwest Territories. At 2.81 carats per metric ton, the result from this sample is similar to a 2016 mini-bulk sample from the kimberlite that averaged 2.69 c/t. The latest sample produced 45 diamonds that were one carat or greater, 12 of which are described as white in color. The largest stone is a...
Kennady Diamonds Inc. June 19 reported the recovery of a 7.78 carat white octahedral diamond with no inclusions from sampling of the Faraday 3 kimberlite at Kennady North, the largest gem quality diamond discovered so far at the project. A total of 460.5 carats of diamonds larger than 0.85 millimeters were recovered from 276.4 metric tons of material collected from Faraday 3 during the winter 2017 program, for a sample grade of 1.67 carats per metric ton. A total of 26...
Kennady Diamonds Inc. Aug. 4 reported that the 3,000-meter summer drill program continues to expand the Faraday 2 kimberlite at its Kennady North diamond project in Nunavut. "We are pleased to continue our success from last fall with the exploration of the Faraday 2 kimberlite, with all three holes returning significant and consistent kimberlite intercepts. The results suggest that Faraday 2 is maintaining a constant depth and a significant volume as it tracks in a WNW direction away from Faraday Lake. In a mining scenario...
Kennady Diamonds Inc. Sep. 11 reported that its summer drill program on its Kennady North diamond project has extended the Faraday 2 kimberlite and has demonstrated that Faraday 1 and 3 are a single kimberlite body that connects at depth. The program, which began on July 4, included 2,766 meters of drilling in nine HQ diameter drill holes. The latest three holes drilled at Faraday 2 have extended that kimberlite body about 150 meters to the north and Kennady President and CEO...
Kennady Diamonds Inc. Dec. 12 published a maiden resource estimate for the Kelvin kimberlite at its Kennady North diamond project in Northwest Territories. According to this inaugural calculation, the Kelvin kimberlite hosts an indicated resource of 13.62 million carats of diamonds contained in 8.5 million metric tons of kimberlite averaging 1.6 carats per metric ton and an average value of US$63 per carat. Kennady said this resource was determined through the collective...
Kennady Diamonds Inc. is co-recipient of the prestigious Mines and Money Exploration Company of the Year award for 2016, presented during the Mining Journal Outstanding Achievement Awards Gala Dinner at the Mines and Money Conference in London, England on Dec. 1. Kennady Diamonds received this honor for its work at Kennady North, an advanced diamond exploration project immediately north of Gahcho Kué, a Northwest Territories diamond mine being ramped up to commercial...
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...
Kennady Diamonds Inc. Aug. 2 said summer drilling program at its Kennady North project adjacent to the Gahcho Kué diamond mine in Northwest Territories is underway with two rigs conducting exploration and delineation drilling at the Faraday kimberlite bodies. Kimberlite has been intersected in the first two drill holes at Faraday 3 and the first drill hole on Faraday 2 is currently nearing the target zone. "The focus of our summer program is to define the extension of the...
Kennady Diamonds Inc. March 17 said exploration drilling at its Kennady North diamond project in Nunavut has encountered a third kimberlite body at the high-grade Faraday kimberlite cluster. Following the completion of ice-based infill drilling at the Faraday 1 kimberlite, the rig was moved to a geophysical target some 80 meters to the southwest where indications of the presence of kimberlite were discovered during the winter. Three exploration holes have been completed at the Faraday 3 discovery within the past week with...
Kennady Diamonds Inc. Feb. 18 reported additional high-grade diamond recovery results from the Faraday 1 kimberlite at the Kennady North project in Northwest Territories. During the winter of 2015, a 0.518-metric-tons sample of kimberlite was recovered by core drilling at Faraday 1. Caustic fusion processing of this sample at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council returned 4.65 carats per metric tons of commercial grade diamonds....
Kennady Diamonds Inc. Dec. 17 reported that a 930-kilogram sample recovered by core drilling at the Kelvin North Lobe kimberlite at its Kennady North project in Northwest Territories returned 3.55 carats per metric ton for diamonds of commercial size. The sample was processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council. "Kelvin North Lobe drill samples continue to return outstanding diamond recovery results,"...
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...
Mineral exploration spending in Northwest Territories dipped sharply in 2015. While the final numbers are not in, Natural Resources Canada predicts exploration and deposit appraisal expenditures in the territory to be around C$43.6 million, or less than half the roughly C$95.8 million invested last year. Industry and government leaders in the territory, however, have come together "to develop a robust mineral industry in the NWT." In January, the government announced the...
KDI: TSX.V Chairman: Jonathan Comerford President and CEO: Patrick Evans VP, Finance and CFO: Bruce Ramsden Kennady Diamonds Inc.'s ultimate goal is to develop next-generation Northwest Territories diamond mine at its Kennady North diamond project located 280 kilometers (174 miles) northeast of Yellowknife. Early in 2015, the company raised C$18.64 million to fund the continued exploration of its diamond property that lies immediately adjacent to the De Beers-Mountain Province Diamonds' Gahcho Kué diamond mine project....
Kennady Diamonds Inc. Oct. 19 reported encouraging preliminary valuation of diamonds recovered from the Kelvin kimberlite at its Kennady North project located in Northwest Territories. Kennady Diamonds retained the services of WWW International Diamond Consultants to value and model a diamond parcel weighing 989 carats recovered from sampling of the Kelvin kimberlite. This parcel represents 442.82 carats from Zone A, 447.05 carats from Zone B, 80.44 carats from Zone C and a...
Kennady Diamonds Inc. Oct. 5 reported diamond recovery results from some 2.4 metric tons of kimberlite recovered from the Kelvin North Lobe during the spring drill program at the Kennady North property in Nunavut. The sample, which was processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council, averaged 2.6 carats per metric ton for diamonds of commercial size. The four largest diamonds recovered from the Kelvin North...
