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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.


TSX:MPVD - Post by User

Mountain Province Diamonds Inc
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Post by Betteryear2on Aug 22, 2024 5:14pm
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Post# 36192542

UPDATED LIFE OF MINE PLAN T.MPVD

UPDATED LIFE OF MINE PLAN T.MPVDTORONTO, Aug. 21, 2024 /CNW/ - Mountain Province Diamonds Inc. (TSX: MPVD) and (OTCQX: MPVD) ("Mountain Province", or the "Company") is pleased to announce today that it has completed an updated mineral reserve and mineral resource estimate and life of mine plan (the "LOM") in respect of the Gahcho Ku Mine, a joint venture between De Beers Canada Inc. (51%) and Mountain Province (49%), located 280 km northeast of Yellowknife, Northwest Territories.  The updated LOM is the result of engineering work done to steepen the pit walls, resulting in realization of further value at the Gahcho Kue mine.

MOUNTAIN PROVINCE DIAMONDS ANNOUNCES UPDATED LIFE OF MINE PLAN AND UPDATED MINERAL RESOURCE AND RESERVE ESTIMATE (newswire.ca)
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