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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 Feb 08, 2008 11:40am
247 Views
Post# 14339094

De Beers Shapes its Future

De Beers Shapes its FutureGahcho Kue mentioned in Rapaport News' report on De Beers https://www.diamonds.net/news/NewsItem.aspx?ArticleID=20588 The article is titled: "As Underlying Earnings Rise, De Beers Shapes its Future" https://www.diamonds.net/news/NewsItem.aspx?ArticleID=20588 ` "The Group has the following projects in the pipeline and an extensive exploration programme:" "Snap Lake...started production in late 2007. The mine is currently being commissioned with the achievement of full production expected in 2008. It will then be expected to produce approximately 1.6 million carats annually." "Canada’s Victor mine is planned to commence production and once fully commissioned, it will produce 600,000 carats of high quality diamonds per year." "The advanced exploration project at Gahcho Kue"
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