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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 chartroomon Nov 24, 2006 1:12pm
261 Views
Post# 11744478

Board approves N.W.T. seismic work

Board approves N.W.T. seismic workTHIS PARAMOUNT RESOURCES ISSUE WHAT DEBEERS USED IN COURT ON TUESDAY https://www.cbc.ca/canada/north/story/2006/11/24/paramount-resources.html The board responsible for environmental assessments in the Mackenzie Valley recently approved more seismic work in the N.W.T.'s Cameron Hills, although it admits it will be harmful to the region's caribou. The Mackenzie Valley Environmental Impact Review Board says a seismic program by Paramount Resources will have a "significant adverse impact" on caribou in the southwestern corner of the Northwest Territories. The caribou are a threatened species under federal Species at Risk legislation. The review board, which released its report Nov. 14, acknowledges there is a link between industrial development and declining caribou herds in the boreal forest, especially in Alberta. But it says the risk to the caribou can be managed by making changes to cutlines. Paramount has been active in the Cameron Hills for 25 years. The N.W.T. government says the caribou are still there because there is a corridor of vegetation that allows them to move north and south through the region. The review board's report now goes to the federal government for approval.
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