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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

Post by DenvCol1on May 28, 2015 6:49pm
178 Views
Post# 23775942

Gahcho Kue Diamond Production!

Gahcho Kue Diamond Production!My Canadian and American friends, we are almost down to 7 m0nths until the end of 2015. At the end of this year, the market will start anticipating diamond production during of the middle of 2016. I may eat my words, but I genuinely believe that MPV and MDM will start moving up rapidly at the beginning of 2016. Other then the exploratory stage with MPV more than 20 years ago, the production stage that we are about to experience will be the most exciting phase in Mountain Province history! The Canadians have developed an absolute Diamond Mining Empire in the Northwest Territories and northern Ontario, with a lot more to come !!!
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