The company has been carrying out drilling since mid-March and defined the Faraday 2 kimberlite over a strike of about 200m, trending from southeast
Kennady said KDI-15-036a exploration drill hole deviated to the northwest from the proposed direction and appears to have clipped the northwest edge of the F2 kimberlite.
The KDI-15-036b drill hole maintained a straight drill line and intersected 73.90m kimberlite with only small country rock intercepts existing in the core.
Delineation drilling has defined a pipe-like kimberlite at Faraday 1 over a strike of around 120m trending from the southeast.
The company noted that KDI-15-038 hole, drilled at the southeast shoreline of Faraday Lake, appears to have clipped the bottom of the F1 kimberlite.
Drill holes 039a and 039b at the northwest end of F1 returned intercepts of 16m and 28m. They are about 70m from the northwest shoreline.
Kennady Diamonds CEO Patrick Evans said: "We are very satisfied with the results of our two-month spring drill program at Faraday 1 and 2 which has successfully delineated two new pipe-like kimberlites at Kennady North.
"Based on these results we have increased our tonnage target for the Kelvin – Faraday kimberlite corridor, which we now estimate has the potential to host between 12 million and 15 million tonnes."
