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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

Comment by Power33on Mar 16, 2021 8:01am
125 Views
Post# 32805887

RE:Waiting for production startup news

RE:Waiting for production startup newsIt is clear that production resumed shortly after last press release'from what I read over two weeks ago. With diamond standard getting positive reports, the 1.9 trillion us stimulus being passed, rough diamonds sales being very strong,a  successful vaccine rollout and savings built up since the pandemic that the future looks very rosy. With no new mines coming on in the future , kennady is the golden nugget for mountain province. Supply of rough diamonds are going to drop in the future and demand will keep increasing. Any deposits like kennady will be very attractive. I just wish that more exploration would be done on kennady and gahcue cue to see how long this mine could be operating for. There seems to be some very interesting targets that should be explored. I hope when vaccination is done that exploration will be top of the list for the board.
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