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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 gmdmsuon Feb 16, 2011 7:13pm
551 Views
Post# 18146649

RE: ekati mine

RE: ekati mine

Canadian diamond fetches record price

78-carat rock mined in Northwest Territories sells for reported $2.8M

Last Updated:Wednesday, February 16, 2011 | 2:30 PM ETComments63Recommend6

CBC News
The Ekati Spirit, a 78-carat diamond mined from BHP Billiton's Ekati mine in the Northwest Territories, sold for a reported $2.8 million in Antwerp, Belgium, this week.TheEkati Spirit, a 78-carat diamond mined from BHP Billiton's Ekati minein the Northwest Territories, sold for a reported $2.8 million inAntwerp, Belgium, this week.(BHP Billiton)

Ahuge rough diamond, billed as the most significant find in the 13-yearhistory of Canada's Ekati mine, was auctioned off in Belgium this weekfor a reported $2.8 million.

The 78-carat diamond from BHP Billiton's Ekati mine in the Northwest Territories was sold in Antwerp on Monday, Valentine's Day.

The company would not disclose the buyer of the diamond, called the "Ekati Spirit."

BHP Billiton invited a select group of about 70 buyers to the sale of the diamond, which was found in October 2010.

"The diamond is a breathtaking example of the stunning gem-qualitydiamonds produced at Ekati and potentially the most valuable stone inthe mine's 13-year history," BHP said in a news release.

The diamond, which measures 21 by 18 by 13 millimetres, is not thelargest to come from the mine, however. Two years ago, a 182-caratdiamond was found, but it lacked the clarity, carats and colour of theone sold Monday.

A pear-shaped, 10.22-carat gem from Ekati had held the Canadian record of $1.2 million at auction.

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