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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 25, 2014 8:39pm
370 Views
Post# 22695217

RE:RE:RE:Tuzo

RE:RE:RE:TuzoHi, Rdgeo, you and the rest of the guys have made some great points about Gahcho Kue and Tuzo! The water and land use permits are definitely the most important items we are waiting for. The reason I am so interested in deep Tuzo results, and kimberlite in the 3 holes down to 750 meters, is because we have the potential to take Gahcho Kue and Mountain Province to a whole new dimension! If we get to a total resource approaching 100 million carats, Gahcho Kue will get close to Diavik and will be one of the greatest diamond deposits in the world! Mighty Diavik had 130 million carats! I am not trying to take anything away from the current 75.1 million carats at Gahcho Kue, but 100 million carats would create incredible investment excitement for Mountain Province! And it would definitely give all of the Canadians on this bullboard terrific international diamond mining bragging rights!
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