Kennady Diamonds Provides Update on Kennady North Project

Kennady Diamonds Inc. (TSXV:KDI) yesterday released an update on its Northwest Territories-based Kennady North diamond project, commenting that infill drilling at the Kelvin kimberlite began on schedule last week; to date, three drill holes have been completed.

The company also said it has been awarded a Type A Land Use Permit and Type B Water License for the project. The former is valid for five years and the latter for seven.

As quoted in the press release:

The infill drill program is designed to increase the level of confidence in the dimensions of the Kelvin kimberlite main body and northwest lobe prior to the commencement of larger diameter drilling to recover the planned 25 to 30 tonne mini-bulk sample.

Kennady Diamonds is also pleased to announce that an amended Exploration Agreement for the Kennady North diamond project has been concluded with the Lutsel K’e Dene First Nation (‘Lutsel K’e’). The amended Exploration Agreement establishes the basis for Kennady Diamonds and the Lutsel K’e to work collaboratively to advance the exploration program at the expanded Kennady North project, which includes additional leases and claims acquired and staked to the south and west of the Kelvin – Faraday kimberlite corridor.

Click here to read the full Kennady Diamonds Inc. (TSXV:KDI) press release.