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Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s):  MPVDF

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.


TSX:MPVD - Post by User

Post by showmediamondson Feb 05, 2011 7:39am
574 Views
Post# 18080516

INAC Letter re: Participant Funding for Gahcho Kue

INAC Letter re: Participant Funding for Gahcho Kue

https://www.reviewboard.ca/upload/project_document/1296858636_INAC_Letter_re__Participant_Funding_for_Gahcho_Kue_EIR.PDF

Interesting reference contained with the letter
"

It is my understanding that the Panel is preparing a revised work plan for the

environmental impact review which it will likely distribute to all parties sometime in

March 2011. Since this is the first environmental impact review in the Mackenzie Valley,

INAC wishes to review the revised work plan before initiating the participant funding

process. This will assist INAC in tailoring the funding guide and application form to the

specific steps of the Panel’s process."

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