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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 kimberon Dec 22, 2016 6:07pm
195 Views
Post# 25637710

Well, this will get the conspiracy theories cranking up...

Well, this will get the conspiracy theories cranking up...

Mr. Patrick Evans reports

MOUNTAIN PROVINCE DIAMONDS ANNOUNCES RESIGNATION OF CFO AND APPOINTMENT OF ACTING CFO

Mountain Province Diamonds Inc.'s Bruce Ramsden, vice-president of finance and chief financial officer, has tendered his resignation with effect from Jan. 31, 2017. Pending the appointment of Mr. Ramsden's successor, Jennie Ly, controller of Mountain Province, will serve as acting CFO with effect from Feb. 1, 2017.

Patrick Evans, president and chief executive officer, commented: "Over the past four years, Bruce made an important contribution to Mountain Province during the transition from a developer to a producer. The board extends its thanks to Mr. Ramsden and wishes him well for the future."

About Mountain Province

Mountain Province is a 49-per-cent participant with De Beers Canada in the Gahcho Kue diamond mine located in Canada's Northwest Territories. Gahcho Kue consists of a cluster of four diamondiferous kimberlites, three of which have a probable mineral reserve of 35.4 million tonnes grading 1.57 carats per tonne for total diamond content of 55.5 million carats.

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