Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

Mountain Province Diamonds Inc. is a Canada-based diamond company. The Company’s primary asset is its 49% interest in the Gahcho Kue Mine, a Joint Venture with De Beers Canada. The Gahcho Kue Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company’s Kennady North Project includes approximately 113,000 hectares of claims and leases surrounding the Gahcho Kue Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) at 8.50 million tons (Mt) at a grade of 1.60 carats/ton and a value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/ton and a value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct to 1.87Mt at a grade of 1.04 carats/ton and a value of US$75/carat.

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Mountain Province Diamonds Inc

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Post by diamondminderon May 26, 2009 7:18pm

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Post# 16018073

Latest News on Gahcho Kue

An excerpt from Mining Weekly

TORONTO – Diamond giant De Beers and partner Mountain Province Diamonds are considering launching a feasibility study for their Gahcho Kue diamond project....

... any progress on the project may be frustrated in the near term by difficult market conditions...Gahcho Kue would be De Beers' third mine in Canada, after the Snap Lake mine, in the Northwest Territories and the Victor mine, in Ontario.

For teh full article click here: https://www.miningweekly.com/article/de-beers-mountain-province-consider-feasibility-study-for-gahcho-kue-project-2009-05-27