DIAMONDS: Kelvin North sample returns high grade of 3.40 ct/tonne

NORTHWEST TERRITORIES – The final diamond recovery results from the Kelvin North lobe returned an excellent grade of 3.40 ct per tonne for diamonds of commercial size. This lobe is part of the Kennady North diamond project, owned by Kennady Diamonds of Toronto, adjacent to De Beers Gahcho Kue project. The sample was recovered by core drilling and weighed 2.67 tonnes and was processed using caustic fusion by the Saskatchewan Research Council. The three largest diamonds recovered were a 0.75-ct off white, transparent broken aggregate with inclusions; a 0.63-ct brown, transparent octahedral with no inclusions; and a 0.45-ct off white, transparent broken dodecahedral with minor inclusions. A total of 7,124 stones larger than 0.85 mm sieve size were recovered weighing a total of 9.1039 ct.7 Kennady Diamonds recently closed a $48-million non-brokered private placement that ensures it is funded to the end of 2017 when a development decision will be made. More details about the Kennady North project are posted at KennadyDiamonds.com.