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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 Sep 10, 2007 10:11am
410 Views
Post# 13366164

Gahcho Kue news...from the files

Gahcho Kue news...from the filesHere are Gahcho Kue newsarticles...from the files of NNSL August 22, 2007 :De Beers to sell Gahcho Kue diamonds to approved NWT manufacturers https://www.nnsl.com/frames/newspapers/2007-08/aug22_07da.html "Facts about Gahcho Kue, supplied by De Beers, August 2007." *the Gahcho Kue project is about 300 kilometres northeast of Yellowknife *10 per cent by value of economically cuttable rough diamonds from Gahcho Kue will be made available to NWT manufacturers the mine is expected to produce 2.1 million tonnes, or 3 million carats of diamonds a year for 15 years *the mine is a joint venture between De Beers and Mountain Province Diamonds *400 people will be employed at Gahcho Kue *the Gahcho Kue project is currently in the Environmental Impact Review process August 29, 2007 An editorial from NNSl about Gahcho Kue: https://www.nnsl.com/frames/newspapers/2007-08/aug29_07edit.html GNWT "...cut another deal with De Beers, this time regarding rough diamonds from its proposed Gahcho Kue mine. This agreement is basically the same as the one covering Snap Lake...Dee Beers agreements are moderately better than the ones signed by previous governments covering Ekati and Diavik..."
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