Metals and Mining
Company Overview of Kennady Diamonds Inc.
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
PO Box 216
Toronto, ON M5J 2S1
Founded in 2012
Key Executives for Kennady Diamonds Inc.
Chief Executive Officer, President and Director
Total Annual Compensation: $75.0K
Chief Financial Officer, Vice President of Finance and Corporate Secretary
Total Annual Compensation: $50.0K
Compensation as of Fiscal Year 2014.
Kennady Diamonds Inc. Key Developments
Kennady Diamonds Announces Kelvin North Lobe Sample Grade of 2.53 Carats Per Tonne During Spring 2015
Nov 19 15
Kennady Diamonds Inc. announced the diamond recovery results from the first batch of a Kelvin 2.67 tonne sample recovered by core drilling at the Kelvin North Lobe during the spring of 2015. Approximately 0.97 tonnes out of the total 2.67 tonne sample has been processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council and returned a sample grade of 2.53 carats per tonne for diamonds of commercial size. The three large diamonds recovered from the Kelvin North Lobe sample are described as: 0.21 carat off-white, transparent fragment with inclusions; 0.17 carat off-white, transparent broken octahedral with no inclusions; and 0.15 carat off-white, transparent octahedral with minor inclusions. The latest Kelvin North Lobe caustic fusion sample grade of 2.53 carats per tonne is in line with the following North Lobe sample grades reported over the past 12 months: 2.60 carats per tonne from a 2.4 tonne sample reported on October 5, 2015: 2.74 carats per tonne from a 2.7 tonne sample reported on June 22, 2015; and 2.57 carats per tonne from a 5 tonne sample reported on January 26, 2015. Processing of the balance of the 2.67 tonne sample has been put on hold to fast track processing of a separate 2.28 tonne North Lobe sample, which results are required to complete grade modeling for the NI 43-101 resource statement currently in preparation. Processing of the balance of the 2.67 tonne sample will be completed following the processing of the 2.28 tonne sample. Kennady Diamonds expects to report a NI 43-101 resource statement for the Kelvin kimberlite by the end of 2015.
Kennady Diamonds Announces Drill Results from Kennady North Diamond Project Located in Canada'snorthwest Territories
Oct 28 15
Kennady Diamonds Inc. announced further drill results from the 100% controlled Kennady North diamond project located in Canada'sNorthwest Territories. The focus of drilling was to: define continuity of the Kelvin kimberlite beyond the current geological model at the Northwest Lobe; define continuity of the Faraday 2 kimberlite beyond the current geological model at the West Lobe; and test exploration targets at the Doyle kimberlite. Drilling at the Kelvin North Lobe has been suspended for the balance of the year due to limited air access by float plane. Drilling will resume in early 2016 once an ice runway has been constructed. In the meantime, drilling with one remaining rig at Faraday 2 is expected to continue until the end of November. Following the successful completion of exploration drilling at the MZ kimberlite, one drill rig was moved to the Doyle kimberlite, which is located approximately 23 kilometers to the southwest of Kelvin camp. Two geophysical targets were tested and kimberlite was intersected at both targets, confirming the continuity of the Doyle kimberlite dyke on strike to the northeast and beyond the two kilometer strike previously defined. The Doyle kimberlite averages approximately two meters in thickness and has been defined down dip for one kilometer. Kennady Diamonds also reported that the Company has seven batches of kimberlite core at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council for processing by caustic fusion. Three batches weighing a total of 7.72 tones are from the Kelvin North Lobe; three batches weighing 4.16 tons are from Faraday 2; and one batch weighing 0.55 tons is from Faraday 1. The diamond recovery results from these samples are expected to be released over the balance of the year as each batch is processed.
Kennady Diamonds Inc. Announces Kelvin Diamond Valuation Results
Oct 19 15
Kennady Diamonds Inc. announced the results of a preliminary valuation of diamonds recovered from the Kelvin kimberlite at the 100% controlled Kennady North project located in Canada's Northwest Territories. Kennady Diamonds retained the services of WWW International Diamond Consultants ("WWW") to value and model a diamond parcel weighing 989 carats recovered from bulk sampling of the Kelvin kimberlite. The valuation took place in Antwerp, Belgium on September 9 and 10, 2015. Mr. Howard Coopersmith, P. Geo., an independent consultant to the diamond industry and the Company's independent external Qualified Person, was present throughout the valuation. Four separate diamond parcels were valued by WWW, representing Zone A (442.82 carats), Zone B (447.05 carats), Zone C (80.44 carats) and a small mixed parcel (16.79 carats). For Zone A, WWW has recommended using an average modeled price of USD 56 per carat and for Zone B USD 70 per carat. The parcel from Zone C was too small for WWW to create modeled values, so an average price of USD 123 per carat was reported. It is not yet possible to report an average modeled value for the composite Kelvin kimberlite due to the small size of the Zone C parcel. WWW noted that while there are only 88 diamonds greater than 0.66 carats per stone in the combined parcel, "it is encouraging to see so many good colour white gem stones especially in the C sample, with five of the eight stones being good colour and gem quality." The three higher value diamonds are: 1. 4.22 carat diamond from Zone B valued at USD 1,603 per carat; 2.58 carat diamond from Zone C valued at USD 1,366 per carat; and 2.38 carat diamond from Zone C valued at USD 1,196 per carat.
Similar Private Companies By Industry
Recent Private Companies Transactions
September 16, 2015
July 29, 2015
February 9, 2015