Mining News: Faraday drilling done, maiden resource soon

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 Rory Moore said the kimberlite has maintained a relatively constant depth in this direction. “The total strike length of Faraday 2 now stands at approximately 600 meters, and the latest drilling will add significant tonnage to the high-grade resource potential of this kimberlite. The final hole of the program delivered a 64.6-metre kimberlite intercept, one of the longest kimberlite intercepts drilled on Faraday 2 to date,” said Moore. Two holes were drilled at the Faraday 1 and 3 kimberlites – one was positioned to collect geotechnical and environmental data, and the second tested a potential connection at depth between the kimberlites. Kimberlite intercepts from both holes have established that the two pipes are joined at the northwestern tip of Faraday 1. As a result, Kennady has renamed the merged kimberlite, “Faraday 1-3". A resource estimate is currently being calculated for the Faraday kimberlites. "On behalf of directors of Kennady, I extend sincere thanks and appreciation to the technical team at Aurora Geosciences Ltd. for delivering yet another highly successful drilling season without any lost time injuries,” said Moore.” The next step in the evaluation of the Faraday kimberlites will be the announcement of the maiden resource results, which are expected within the next week to ten days."

–SHANE LASLEY