https://www.miningweekly.com

Kennady Diamonds reports maiden Kelvin kimberlite resource

14th December 2016

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

VANCOUVER (miningweekly.com) – Explorer Kennady Diamonds has published a maiden resource estimate for the Kelvin kimberlite, located at the company’s 100%-owned Kennady North project, in Canada’s Northwest Territories.

The TSX-V-listed company said Monday that exploration work to date was sufficient to calculate a compliant indicated resource of 13.62-million carats of diamonds contained in 8.5-million tonnes of kimberlite, with an overall grade of 1.6 ct/t and an average value of $63/ct.

"Our resource announcement represents the culmination of a focused evaluation programme that was intensified over the past two years. The internal geology and diamond distribution within Kelvin are now so well-constrained that our model meets the stringent requirements to qualify as an indicated resource,” stated president and CEO of Kennady Diamonds Dr Rory Moore.

Kennady, the exploration spin-out of Mountain Province Diamonds, which is a major (49%) partner with De Beers in the Gahcho Kué diamond mine, also located nearby in the Northwest Territories, said the resource had been estimated with a 1 mm diamond bottom cutoff size, which is considered a reasonable cutoff for a commercial mining scenario.

The resource was determined through the collective efforts of Aurora Geosciences, Mineral Services Canada, SRK Consulting and JDS Energy & Mining, which the company engaged to participate in the exercise.

“I congratulate our team on taking Kelvin from discovery to a 13-million-carat indicated resource in the first four years of our company – quite possibly a record timeframe in the history of Canadian diamond exploration,” Moore pointed out.

Edited by Samantha Herbst
Creamer Media Deputy Editor

Comments

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.122 0.168s - 88pq - 2rq
Subscribe Now