One thing is for certain, with Moore at the helm, and with positive results
continuing to come in, Kennady Diamonds could be the next big thing in the
both NWT and the TSX.
2012 with the sole mandate of exploring
the Kennady North Property.
The investment paid off. “To put that in
context, Kennady Diamonds is now worth
$160 million dollars on the stock exchange
(as of August, 2017),” says Moore. Since
that initial exploration, Kennady Diamonds
has gained a great deal of momentum,
and is now in the process of building an
economic diamond deposit.With the back-
ing of businessman and financier Dermot
Desmond, the company is on the path
to finding a new source of Canadian dia-
monds.
A FRESH FOCUS
In late 2015, the board of Kennady imple-
mented an initiative to operate more inde-
pendently of Mountain Province. Two new
independent directors were appointed in
early 2016, and Moore was hired on as the
new CEO as of May, 2016.
Since then, Kennady’s focus has been on
formally defining the diamond resources
discovered to date on the project. In De-
cember 2016, the Company announced an
Indicated Resource of 13.62 million carats
for the Kelvin kimberlite, and the goal for
2017 is to advance the Faraday kimberlite
to Inferred Resource status. “We had a
very successful winter program this year,
with bulk samples acquired from the three
Faraday kimberlites using wide diameter
reverse circulation drilling techniques”, said
Moore. Over the summer, the Company
announced high diamond grades from
these samples and an average diamond
value of US$109 per carat. “These results
will ensure that the Faraday kimberlites
A First Nations worker at Kelvin Camp.
Kennady makes every effort to provide
training and job opportunities to the
local indigenous communities.
AUGUST 2017
H
business elite canada
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