The company has completed three drill holes till date and intersected kimberlite, as part of the infill drill program which is designed to increase the level of confidence in the dimensions of the Kelvin kimberlite main body and northwest lobe.
The infill drill program is conducted before starting larger diameter drilling to recover the planned 25 to 30 tonne mini-bulk sample.
Kennady Diamonds also signed exploration agreement Lutsel K’e Dene First Nation ("Lutsel K’e) for the Kennady North diamond project.
Under the terms of the accord, Kennady and the Lutsel K’e will work jointly to advance the exploration program at the expanded Kennady North project.
The project comprises additional leases and claims acquired and staked to the south and west of the Kelvin – Faraday kimberlite corridor.
Kennady Diamonds president and CEO Patrick Evans said, "Our success at Kennady North is dependent upon a mutually beneficial and respectful relationship and we are committed to working in partnership with the Lutsel K’e."
Additionally, Kennady Diamonds’ Kennady North diamond project has received Type A Land Use Permit (valid for five years) and Type B Water License (valid for seven years) from Mackenzie Valley Land and Water Board.
The approvals will facilitate an advanced exploration program at the Kennady North diamond project.
