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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 diamondminderon Apr 16, 2007 11:13am
231 Views
Post# 12614883

latest news from NNSL

latest news from NNSLhttps://www.nnsl.com/frames/newspapers/2007-04/apr6_07dia.html "The NWT's fourth diamond mine will be subject to an environmental impact review...Justice Louise Charbonneau [upheld] the MVEIRB decision that the Gahcho Kue project go to the environmental impact review..." "De Beers applied for a...licence from MVEIRB in 2005...In December of the same year, Environment Canada referred the proposal to the review board." "The first stage of an application is environmental assessment, at the end of which the board will decide if the permits are issued...." "Rather than waiting until the conclusion of the environmental assessment, the review board fast-tracked it by referring it to the environmental impact review," said Patrick Evans. "Ensuring the mine is built and becomes operational is imperative, not just for the project partners and shareholders, but also for development and employment in the NWT, Evans said." "I don't think there is any question it will be permitted and will be built," Evans said. https://www.nnsl.com/frames/newspapers/2007-04/apr6_07dia.html
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