Kennady North Projects

geology

Geology

Kennady North covers a portion of the southeastern Slave Geological Province, an Archean terrain ranging in age from 4.03 Ga to 2.55. The area consists of granodiorite intrusions, high grade gneisses and migmatites, with volcanic and sedimentary supracrustal rocks typical of many greenstones belts in the Slave Province.

•The Kelvin-Faraday Corridor “KFC” is a NE-SW structural feature that includes the Faraday and Kelvin kimberlites, and continues to the SW to include the Gahcho Kué kimberlites
•Project consists of 22 mining leases and 58 mineral claims totaling 67,164 ha., located adjacent to and surrounding the Gahcho Kué project area
•Five kimberlite bodies (to date) – Kelvin, Faraday 1-3, Faraday 2, Doyle and MZ
 

1. See Technical Report filed on SEDAR by Kennady Diamonds Inc. titled “2017 Technical Report – Project Exploration Update and Faraday Inferred Mineral Resource Estimate – Kennady North Project – Northwest Territories, Canada”, with an effective date of November 16, 2017.

Kelvin and Faraday pipes

location

Location

The Kennady North Project is located 280 kilometers east-northeast of Yellowknife, NT in the District of Mackenzie. The Kennady North project consists of 16 mineral leases and 58 mineral claims totaling 61,000 hectares.

•Gahcho Kué is located in Canada’s Northwest Territories (“NWT”)
•The NWT represents a mining friendly, politically stable jurisdiction; top ranked across multiple factors
•NWT GDP of c. $3.7bn(1); the mining and oil and gas extraction industry is the largest contributor (c. 25%)
•Situated within a prolific kimberlite camp in close proximity to two other operating diamond mines (Diavik and Ekati)
•Mountain Province maintains strong relationships with the First Nations and local communities

project history

Project History

The Kennady North Project has been the focus of numerous exploration programs since 1992, culminating with the discovery of the Kelvin and Faraday kimberlites. Exploration activity was suspended in 2003 and resumed in 2011. Exploration work has been performed by a number of operators. Initial exploration was conducted under the direction of Mountain Province Diamonds as the 100 percent owner. Subsequent to the formation of a joint venture with De Beers in 1997, De Beers Canada conducted exploration activity. In 2005, Mountain Province resumed 100 percent control over the Kennady North Project and supervised exploration through to May 2012, when Kennady Diamonds Inc. was established.