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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 DenvCol1on Dec 07, 2013 8:50am
186 Views
Post# 21981977

RE:INferred

RE:INferredMy old notes on Diavik show mineable diamond reserves in the ground (both open pit and mined underground) of 130 million carats. These reserves were carefully calculated and reported in Rio Tinto's and Aber's feasibility study. I can't verify production, but I assume that Rio Tinto and Dominion Diamond are going to get all of the reserves because they are now going underground. De Beers and Mountain Province have a diamond resource of 67.1 million carats at Gahcho Kue, but that only includes the giant Tuzo pipe down to 564 meters. As everyone knows, Patrick Evans want to sample Tuzo down to 750 meters which could possibly increase the diamond resource to around 80 million carats. It is going to take a lot to exceed Diavik because it is still considered to be the greatest and richest diamond deposit in Canadian history. But, so what? Gahcho Kue has a very high rate of return, and it is certainly World Class!
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