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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 Feb 10, 2014 7:05pm
213 Views
Post# 22193196

RE:RE:RE:RE:RE:RE:The Effect of Tuzo on Mountain Province

RE:RE:RE:RE:RE:RE:The Effect of Tuzo on Mountain ProvinceCatsafterme, it was obvious to me and everyone else on this bullboard that Tuzo is the key pipe out of the 3 minable diamond ore bodies. However, I don't think any of us were expecting the minable resource at Gahcho Kue to go up from 49 million carats to 75.1 million carats by drilling and discovering additional kimberlite from a depth of 360 meters to 564 meters in Tuzo ( a total of 204 meters, reported in 2013). If the kimberlite continues down to a depth of 750 meters in Tuzo (an additional 186 meters) , Gahcho Kue has the potential to be a truly "world class" diamond deposit like Diavik. 49 million carats is a great, economic diamond deposit, as we all know. A diamond resource around 90 million carats is outstanding! The true potential of Tuzo could not be predicted until 2013!
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