Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

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.

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Mountain Province Diamonds Inc

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Comment by Chattycon Dec 10, 2014 2:35pm

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Post# 23216094

RE:RE:RE:RE:RE:RE:RE:Land Use Permit

I would think it would be all but impossible to build roads strong enough to run tractor trailers loaded with heavy equipment on, with the permafrost thawing in the summer time and freezing again in the cold weather. The roads can't be paved either and the cost to build a gravel road that would only fall apart without a strong base, would be cost prohibitive, along with the docks and barges and other paraphernalia that would go with moving heavy equipment across the water. Thus the reason we have winter ice roads. I believe there is a total of 13 miles of roads in the whole of Nunavut, and they are in small villages.

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