Friday, April 12, 2019

Mountain Province Diamonds - MPVD.t

Mountain Province Diamonds - MPVD.t is a Canadian diamond exploration and development company.

In joint venture with De Beers, Mountain Province is developing the Gahcho Kué Project, located in Canada's Northwest Territories.

On April 11, 2019 the company released News
"Updated Mineral Resource Estimate for the Faraday 2 kimberlite, in comparison to the 2017 estimate, includes:

  • 5.45 million carats of diamonds, a 74% increase (2017 estimate: 3.13 million carats)
  • 2.07 million tonnes of kimberlite, a 49% increase (2017 estimate: 1.39 million tonnes)
  • Overall grade of 2.63 carats per tonne, a 17% increase (2017 estimate: 2.24 carats per tonne)
  • Average value of US$140 per carat, a 25% increase (2017 estimate: US$112 per carat)

Mountain Province Diamonds Inc is pleased to announce an update to the Mineral Resource Estimate for the Faraday 2 kimberlite, one of three kimberlites located within the Kennady North Project, NWT, Canada.