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 diamondminderon Oct 25, 2015 2:56pm

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Post# 24225099

RE:MPV Article

Mountain Province Diamonds...saw unusually-high trading volume on Friday...approximately 178,616 shares traded hands...an increase of 173% from the previous session...the Firm, through its fully owned subsidiary companies 2435572 Ontario Inc. and 2435386 Ontario Inc. holds a 49% interest in...Gahcho Kue...the Project covers approximately 10,353 acres and four mining leases...numbers 4341, 4199, 4200 and 420...held in trust by...De Beers. As of December 31, 2014, the Project had resources of 33.8 megatons (Mt) and inferred mineral resources of 11.3 Mt.