Kennady Diamonds (TSXV:KDI) reported results from the valuation of diamonds recovered from the Kelvin kimberlite at the Kennady North project in Canada’s Northwest Territories. A total of 2,262.43 carats (+0.85mm) recovered from bulk sampling programs conducted in 2015 and 2016 generated an average value of US$52 per carat for the total parcel.
As quoted in the press release:
“Based on the results of the bulk sampling programs it’s apparent that the quality of Kelvin diamonds improves with size”, noted Dr. Rory Moore, president and CEO of Kennady Diamonds. “A similar trend exists at the neighboring Gahcho Kué diamond mine located five kilometers to the southwest of the Kelvin kimberlite. The five highest value Kelvin diamonds represent one percent of the sample weight, but 20 percent of the total value. This trend is a key determinant of overall value.”
The five highest value diamonds recovered from the bulk sampling include:
- 2.84 carat sawable octahedron from Zone B valued at US$2,640 per carat
- 4.22 carat makeable diamond from Zone B valued at US$1,416 per carat
- 2.56 carat makeable diamond from Zone B valued at US$1,357 per carat
- 2.58 carat sawable octahedron from Zone C valued at US$1,691 per carat
- 2.38 carat sawable octahedron from Zone C valued at US$1,290 per carat
Click here for the full press release.
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