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 Jul 16, 2008 2:41pm

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Post# 15299253

5034 North Lobe Core Drilling Data

Table 1



    -------------------------------------------------------------------------
      KIMBERLITE     DRILL      CARATS     KIMBERLITE    DIAMOND     GRADE
         PIPE        HOLE      +1.03mm        MASS        COUNT   (carats per
                                              (kg)       +1.03mm    tonne)(1)
    -------------------------------------------------------------------------
      5034 North    MPV-07-     8.695        7,236         136        1.20
         Lobe        310C
    -------------------------------------------------------------------------
      5034 North    MPV-07-     25.19       12,773         412        1.97
         Lobe        311C
    -------------------------------------------------------------------------
      5034 North    MPV-07-    21.995        7,047         255        3.12
         Lobe        312C
    -------------------------------------------------------------------------
      5034 North    MPV-07-     22.50       10,789         345        2.09
         Lobe        313C
    -------------------------------------------------------------------------
      5034 North    MPV-07-     23.87        6,773         274        3.52
         Lobe        314C
    -------------------------------------------------------------------------
       SUMMARY                 102.250      44,618       1,422        2.29
    -------------------------------------------------------------------------

    (1) Grade presented for illustrative purposes only.

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