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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

Comment by diamondminderon Apr 22, 2009 1:28pm
439 Views
Post# 15936580

RE: Gacho Kue in line to benefit from Hydroelectri

RE: Gacho Kue in line to benefit from Hydroelectri

It must be a slow newsday for Will Purcel if he is raising the issue of a hydro project for the diamond mines.

I am beginning to think Purcel is some sort of penny-per-line hack writer because the Taltson River Hydroelectric Project is not a new idea.  There is a vast wealth of untapped hydropower at Pine Point and this proposal has been floating around for years. 

The Taltson River Project is a really great idea.  The primary reason it has not been implimented yet is the protests of the 300-soul  Lutsel K'e Dene First Nation .

There is no real environmental issue involved with the Taltson River Hydroelectric Project.  All the probems are political.  The band councils of the Salt River First Nation and the Deninu Kue First Nation would benefit from  the work created work in their region.  The major stumbling block is that the hydro poles would have to cross a swaith of territory claimed by the LKDFN.

Look on any map:  the  LKDFN is the only settlement north of Great Slave Lake and the closest settlement to Kennedy Lake.  The LKDFN opposes the setting up of hydro poles on their territory for one primary reason: because they have already signed a MOU with another firm to undertake such a project sometime in the future.

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