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September 03, 2015 10:37 PM 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 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 Updates Kennady North Drilling

Kennady Diamonds Inc. announced further drill results from the 100% controlled Kennady North diamond project located in Canada'sNorthwest Territories. Following drilling of hole KDI-15-057, the Kelvin infill drill program is now complete. In addition, all but two of the Kelvin geotechnical drill holes have been completed, with the remaining two expected to be completed by mid-September. With the mobilization to site of a larger fourth drill rig, further delineation drilling at the north lobe of the Kelvin kimberlite has commenced. Kelvin drill hole KDI-15-054b was a delineation hole designed to cut-off the lower portion of the Kelvin pipe. Exploration drilling at the MZ kimberlite, which is located approximately 25 kilometers to the west of the Kelvin camp, has helped define the MZ kimberlite over a strike length of more than 1.8 kilometers. Based on the results to date, the MZ kimberlite appears to be an approximate 3 meter wide sheet structure dipping at approximately 15 degrees to the northeast.

Kennady Diamonds Inc Announces Diamond Recovery Results from the Kelvin 2015 Bulk Sample

Kennady Diamonds Inc. announced the diamond recovery results from the Kelvin 2015 bulk sample. The 443 tonne bulk sample was recovered by large diameter reverse circulation drilling at the southeast lobe of the Kelvin kimberlite and was processed by dense media separation at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council ("SRC"), which is accredited to the ISO/IEC 17025 standard by the Standards Council of Canada as a testing laboratory for diamond analysis. The five large diamonds recovered from the Kelvin bulk sample are described by the SRC as: 4.22 carat white/colorless, transparent macle with no inclusions; 3.95 carat brown, transparent aggregate with inclusions; 2.79 carat light brown, transparent aggregate with minor inclusions; 2.63 carat white/colorless, transparent octahedral with inclusions; and 2.59 carat white/colorless, transparent dodecahedron with no inclusions. Under the guidance of SRK Consultants, Vancouver, B.C., three phases of kimberlite have been defined at the Kelvin kimberlite, described as zones A, B and C. Zone B has been further subdivided into zones B and Bx. The thickness of the phases is variable along strike. Each of the phases was processed separately in order to understand the diamond size and grade variability between the phases. For valuation purposes, the diamonds from zones B and Bx will be combined.

Kennady Diamonds Provides Kennady North Project Update

Kennady Diamonds Inc. announce that processing of the Kelvin 436 tonne bulk sample was completed last week. The bulk sample was processed at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council, which is accredited to the ISO/IEC 17025 standard by the Standards Council of Canada as a testing laboratory for diamond analysis. Diamond sorting and a diamond breakage study are underway at the SRC and are expected to be completed by the end of August 2015. Drilling of Kelvin North infill hole 048b was stopped in kimberlite at 317 meters due to challenging ground conditions. With the mobilization of a larger fourth drill rig to Kennady North, consideration will be given to re-drilling this hole. The new drill targets at MZ are based on the results of recently completed ground geophysics. Previous drilling at MZ identified a series of diamondiferous kimberlite sheet structures. The current drill program is designed to provide additional data on the size and structure of the MZ kimberlite and also to provide a diamond parcel for grade analysis. It is encouraging that within the 8.4 meters of kimberlite recovered from drill hole 053a 3.5 meters of undiluted kimberlite was intersected between downhole depths of 76.5 meters and 80 meters. On the completion of the exploration drilling at MZ, the third drill rig will return to resume delineation drilling at the Faraday kimberlites.

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