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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 Hideawayon Jul 20, 2013 1:17pm
270 Views
Post# 21619844

RE:" The Panel Therefore Recommends ...

RE:" The Panel Therefore Recommends ...I agree with Shnapps. the project is finally approved after close to 20 years of waiting. I suspect that the developers anticipated the response from the Panel re the caribou issue.This has been an ongoing concern for the aboriginal community and Is not ,in my opinion, an issue that will significantly delay the development.

Perhaps someone could provide insight into one item in the report that is not explained.In Section 3.2 , pg.24 and Section 3.3, pg.34, reference is made to the scope of the development, in particular to  Tuzo and 5034 at 300m and Hearn at 205m. Since the pipes are open to depths and Tuzo is now drilled successfully to 550m, will further approvals be needed to proceed to depths beyond those identified?
GLTA
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