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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 cbriton Oct 08, 2009 10:42am
235 Views
Post# 16373209

Important info to remember

Important info to rememberLets not forget this from 2002:

"The micro-diamond counts from the Kelvin body are significant with counts very similar to those for the 5034 and Hearne pipes. Only a very small amount of kimberlite from MZ Lake Sill-73 was tested and six micro-diamonds were recovered. The Kelvin kimberlite body and MZ Lake are located in the joint-venture's AK leased claims situated in the Northwest Territories of Canada. The former is approximately 9 km northeast and the latter is 20 km northwest of Kennady Lake, which contains the Hearne, Tuzo and 5034 diamondiferous kimberlite pipes.

The number of macro- and micro-diamonds recovered and their size-frequency distribution is very similar to that for the 5034 and Hearne pipes

Square mesh  Kelvin: 184kg  Faraday: 40kg  Hearne: 128kg  5034: 160kg

 Size (mm)    Number of      Number of      Number of      Number of

              diamonds       diamonds       diamonds       diamonds

     2           5              1              2              4

     1           9              0             10             10

   0.5          11              5             17             23

   0.3          44             11             46             37

   0.212        65             12             77             68

   0.15        139             21             83            138

   0.104       173             24            143            218

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