The project is located next to the Gahcho Kué diamond mine, which is being developed by by De Beers Canada and Mountain Province Diamonds.
It hosts four known kimberlites that include Kelvin, Faraday, Doyle and MZ and several other geophysical exploration targets.
Kennady Diamonds CEO Patrick Evans said: "At Kelvin we are currently conducting delineation/infill drilling in preparation for the maiden resource statement expected before the end of the year.
"Most of the current infill drill holes are designed to also provide geotechnical and hydrological data to support the future Kelvin mine design.
"Remarkably, another macro diamond was recovered last Friday during logging of core from the Kelvin hole 047. The dimensions of the diamond are approximately 2mm by 3mm."
It is the third time the company has recovered a diamond during core logging at Kennady North.
During drilling at the Faraday 2 kimberlite, the company focused on delineating the lower parts of the pipe which intersected shorter kimberlite than reported earlier.
The results suggest that the Faraday 2 kimberlite is changing direction from the SE to NW strike delineating more than 240m.
Kennady intends to find a resource along the Kelvin – Faraday kimberlite corridor of between a 12 and 15 million tonnes at a grade of in the range of 2 and 2.5 carats per tonne.
