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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 Jun 05, 2014 10:42pm
239 Views
Post# 22635939

RE:RE:RE:RE:news

RE:RE:RE:RE:newsJedi, you have an excellent point. I thought about that too. However, they may have decided to drill the 3rd hole if the first 2 holes missed kimberlite, just in case the kimberlite pipe angled off at depth in the direction of the 3rd hole. Canadian Shield geology is very fickle. I would hate to miss the pipe if it moved off in the direction of the 3rd hole that I decided not to drill because of previous drilling disappointment. I will say, though, that it is probably more likely than not that the first 2 holes hit kimberlite at depth. 750 meters is very close to one half of a mile. I don't need to tell you that if the 3 holes hit diamond bearing kimberlite, we are going to see a nice increase in the Gahcho Kue diamond resource.
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