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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 arlekinoon Sep 12, 2017 7:11am
190 Views
Post# 26683426

Mega Diamond Recovery ("MDR") and the Sub-middles XRT

Mega Diamond Recovery ("MDR") and the Sub-middles XRT September 11, 2017 Lucara Announces Completion of its Diamond Recovery Capital Projects VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 11, 2017) - Lucara Diamond Corp. (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC)("Lucara" or the "Company") is pleased to announce the completion of the Mega Diamond Recovery ("MDR") and the Sub-middles XRT capital projects within budget and ahead of schedule. The Company's MDR circuit treats material in the size range between 50mm and 120mm and is located directly post the primary crusher and ahead of the process plant. This design maximizes the upfront recovery of exceptional diamonds prior to the comminution processes where diamond damage may occur and revenue lost. Commissioning of the circuit has been completed and the system has been integrated into the existing process stream. The sub-middles XRT circuit processes material in the size range between 4mm and 8mm. The sub-middles circuit has replaced the need for a dense medium circuit and five diamond recovery unit processes for treating diamonds within this size fraction. The commissioning of the circuit has been completed and verification of the diamonds recovered within this size frequency distribution is being confirmed against historical recoveries. William Lamb, President and CEO, commented, "The commissioning of the MDR and Sub-middles XRT circuits advances the Company's ability to efficiently recover its diamonds and maximize value for its exceptional diamonds. The Sub-middles XRT circuit cost effectively processes the variable yield material from the south lobe through the utilization of a single unit process which reduces feed to the more costly concentration and recovery processing units. The completion of these two capital projects concludes our major capital expenditures for upgrading the process facilities, all of which have been funded from internal cash flows." Lucara further announces the launch of its virtual reality website. A site tour can be facilitated through the web portal: https://www.lucara360.com/tour/
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