The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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 Faraday bodies to the northwest as they extend from beneath Faraday Lake toward the shore," explained Kennady Diamonds President and CEO Rory Moore explained.
"We established in the last few drill holes of the winter drilling program that the Faraday 1 and 3 kimberlites merge at depth, and we are excited to determine whether the Faraday bodies have north-limb extensions similar to that defined at Kelvin.
The systematic drilling planned for the summer will ultimately determine the size and shape of these bodies." Processing of a 620-metric tons bulk sample of the Kelvin kimberlite is well underway.
About 40 percent of the sample recovered during the 2016 winter program has been processed at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council, with final results expected within the next four to six weeks.
Kennady anticipates that more than 1,200 carats of diamonds will be recovered from the sample.
Valuation of the parcel, which will be used for revenue modeling of the Kelvin North Lobe, is expected to be completed before the end of the third quarter.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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