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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 Macloud1on Jan 27, 2013 7:25am
283 Views
Post# 20895729

re: Fortune Minerals

re: Fortune Minerals

It is interesting to note that their closure was October 22 nd and a decision came down on Jan 25th to recommend project. Our closure was January 3rd and perhaps we will have the same time line and get the recommendation somewhere around April 3rd. What I like about the approuval is the fact that they acxknowledge there are some concerns however the MVREB have imposed measures to minimize the impact. I am of the belief we will have a similar recommendation with all the proposals put in place by Debeers.

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