January 19, 2017 11:10 AM ET

Metals and Mining

Company Overview of Kennady Diamonds Inc.

Company Overview

Kennady Diamonds Inc. engages in the discovery, exploration, and development of diamond properties in Canada. It owns a 100% interest in the Kennady North diamond project that comprises 16 federal leases and 58 mineral claims covering an area of approximately 61,000 hectares located in the north-east of Yellowknife, Northwest Territories. The company was incorporated in 2012 and is headquartered in Toronto, Canada. As of July 06, 2012, Kennady Diamonds Inc. operates independently of Mountain Province Diamonds Inc.

161 Bay Street

Suite 2315

PO Box 216

Toronto, ON M5J 2S1


Founded in 2012





Key Executives for Kennady Diamonds Inc.

Chief Financial Officer, Vice President of Finance and Corporate Secretary
Age: 57
Total Annual Compensation: C$60.0K
Compensation as of Fiscal Year 2015.

Kennady Diamonds Inc. Key Developments

Kennady Diamonds Inc. Announces Diamond Recovery Results from the Faraday 3 Kimberlite

Kennady Diamonds Inc. announced diamond recovery results from the Faraday 3 kimberlite at the Company's 100% controlled Kennady North project. A total of 3.03 tonnes of kimberlite recovered by core drilling at Faraday 3 in 2016 was processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council (SRC) to return a sample grade of 2.18 carats per tonne. Kennady Diamonds is also pleased to announce that the Kelvin Camp opened on January 3, 2017, for the start of the 2017 exploration and evaluation programs. Construction of the ice infrastructure is almost complete and includes the Faraday ice road, an ice runway and ice pads for the large diameter reverse circulation drilling. Drill crews mobilized into Kelvin Camp January 16, 2017 and drilling is expected to commence by the end of the week. The aim of the program is to recover approximately 250 tonnes from each of Faraday 2 and 3. This will advance both kimberlites towards an inferred mineral resource, and to obtain a small (20 tonne) representative sample from Faraday 1 to correlate the diamond grade and quality potential with Faraday 3. The bulk sampling program is expected to be completed in early second quarter of 2017. A geophysical program has also been designed to evaluate exploration targets on new mineral leases recently acquired from GGL Diamonds. Additional exploration drilling will be considered upon the successful completion of the bulk sampling program.

Kennady Diamonds Inc. Announces Maiden Indicated Mineral Resource for the Kelvin Kimberlite

Kennady Diamonds Inc. announced the completion of a maiden Mineral Resource estimate for the Kelvin kimberlite, located at the company's 100% owned Kennady North Project, NWT, Canada. An Indicated Mineral Resource of 13.62 million carats of diamonds is contained in 8.50 million tonnes of kimberlite, with an overall grade of 1.60 carats per tonne and an average value of $63 per carat. The resource has been calculated with a 1mm 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 Ltd., Mineral Services Canada Inc., SRK Consulting Inc., and JDS Energy & Mining Inc., who were engaged by the company to participate in the exercise.

Kennady Diamonds Inc. Presents at Mines and Money London 2016, Nov-30-2016 05:20 PM

Kennady Diamonds Inc. Presents at Mines and Money London 2016, Nov-30-2016 05:20 PM. Venue: Islington Business Design Centre, 14-22 Coleman Fields, London N1 7AD, United Kingdom. Speakers: Rory O. Moore, Chief Executive Officer, President and Director.

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