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July 01, 2015 11:33 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

Canada

Founded in 2012

Phone:

416-640-1111

Fax:

416-640-3335

Key Executives for Kennady Diamonds Inc.

Chief Executive Officer, President and Director
Age: 60
Total Annual Compensation: $75.0K
Chief Financial Officer, Vice President of Finance and Corporate Secretary
Age: 56
Total Annual Compensation: $50.0K
Compensation as of Fiscal Year 2014.

Kennady Diamonds Inc. Key Developments

Kennady Diamonds Drills 156 Meters of Kimberlite at Kelvin and 51 Meters of Kimberlite at Faraday 2

Kennady Diamonds Inc. announced the latest drill results from the 100 percent-controlled Kennady North diamond project located in Canada’s Northwest Territories. The Kennady North project is immediately adjacent to the Gahcho Kué diamond mine currently under development by De Beers Canada and Mountain Province Diamonds. Recent drill intercepts indicate that the northwest lobe of the Faraday 2 pipe has a vertical thickness of approximately 70 meters and a width of up to 50 meters. Since the start of exploration drilling at Faraday 2 the company has defined a pipe-like body over a strike length of approx. 200 meters trending from southeast to northwest. The company also reported that processing of core samples by caustic fusion is continuing on schedule with the diamond recovery results from a Faraday 2 one tonne sample expected in early July. Processing of the Kelvin 436 tonne bulk sample by dense-media separation is progressing well and the results are expected in the third quarter. Processing of all the samples is taking place at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council.

Kennady Diamonds Inc. Announces the Diamond Recovery Results from the Kelvin 2015 Winter Core Drilling Program

Kennady Diamonds Inc. announced the diamond recovery results from the Kelvin 2015 winter core drilling program. Approximately 2.7 tonnes of kimberlite from the Kelvin North Lobe was processed by caustic fusion at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council (SRC) and returned a sample grade of 2.74 carats per tonne for diamonds of commercial size. A total of 662 individual diamonds from the above sample were described by the SRC. 95% are described as white/colorless (36%) and off-white (59%). Fourteen diamonds are described as yellow, 12 as brown and only 4 as gray. Kennady Diamonds announced that approximately one tonne of kimberlite from Faraday 2 is now being processed by caustic fusion at the SRC and the diamond recovery results from this sample are expected in early July. Processing of the 436 tonne Kelvin bulk sample through the SRC dense-media separation plant is also underway and the diamond recovery results are expected before the end of third quarter.

Kennady Diamonds Inc. Drills 46 Meters of Kimberlite at Faraday 2

Kennady Diamonds Inc. announced the latest drill results from the 100% controlled Kennady North diamond project located in Canada'sNorthwest Territories. The Kennady North project is immediately adjacent to the Gahcho Ku diamond mine currently under development by De Beers Canada and Mountain Province Diamonds. The spring land-based drill program at the Faraday 2 kimberlite has got off to an excellent start with wide kimberlite intercepts in the first two holes. Recent drill intercepts indicate that the northwest lobe of the Faraday 2 pipe has a vertical thickness of approximately 70 meters and a width of approximately 50 meters. Since the start of exploration drilling at Faraday 2 defined a pipe-like body over a strike length of approx. 200 meters trending from southeast to northwest. The land-based drill program is designed to test the continuity of the Faraday 2 pipe further to the west-northwest. Based on results to date, it's apparent that the Faraday 2 pipe is increasing in volume as it trends to the northwest. This is remarkably similar to the Kelvin kimberlite pipe. Processing of core samples by caustic fusion is continuing on schedule with the diamond recovery results from a 2.7 tone Kelvin North sample expected before the end of June and the results from a 1 tone Faraday 2 sample expected in early July. Processing of the Kelvin 436 tone bulk sample by dense-media separation is progressing satisfactorily and the results are expected in the third quarter. Processing of all the samples is taking place at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council.

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