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 Dec 14, 2007 1:55pm

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Post# 14022398

De Beers ramps up at Victor

Hi All!! Kanuavit!! Here is something to read while we are waiting for our diamond results to be announced. Its the latest news from Victor Diamond Mine. The article's title is "De Beers ramps up mine workforce" https://www.nob.on.ca/regionalReports/Timmins/07-07-de-beers.asp "Nearly 600 workers are currently on the ground...though this number will increase to a peak of 800 in the coming weeks as work begins on the processing plant." https://www.nob.on.ca/regionalReports/Timmins/07-07-de-beers.asp “The focus of construction...is to build the process facility, and all the other necessary items like the crusher...” says Tom Ormsby, the Timmins-based spokesman for De Beers Canada's Victor Project.

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