The updated inferred mineral resource at Faraday 2 highlights 5.45 million carats of diamonds, a hefty 74% increase over its 2017 estimate.
Mountain Province Diamonds Mining News
The Kennady North property includes the Faraday and Kelvin kimberlites.
President and CEO Stuart Brown spent 19 years with De Beers.
Gahcho Kué is Canada’s newest diamond mine and the world’s largest in the last 14 years.
Mountain Province Diamonds is a 49% participant with De Beers in the Gahcho Kué diamond mine.
The white octahedron of "top clarity" is the largest gem quality diamond and fourth largest stone ever recovered at the company's Gahcho Kué mine, located in Canada’s Northwest Territories.
The Canadamark program verifies that diamonds are natural and untreated, and mined in Canada under a regulatory regime.
Stuart Brown has over 25 years of experience in the diamond industry and is the outgoing Firestone Diamonds chief executive officer.
The partners in Canada's Gahcho Kué mine, Mountain Province, said the planned acquisition opens up some potential new options for the operation’s future.
TSX and NASDAQ-listed company said it unearthed two gems, one at 53.9 carats and the other at 84.65 carats, from Gahcho Kué in April.
The 67.87-carat gem quality octahedron diamond, unearthed during production ramp-up, is the largest of its kind recovered to date at the remote mine.
Mountain Province Diamonds Inc. is pleased to announce the appointment of Perry Ing to the position of Chief Financial Officer effective February 6, 2017.
While Dominion Diamond has pushed construction of Ekati’s new Jay pipe to 2018, Rio has said that a denial of a request to change its water licence could have an adverse impact on Diavik.
Gahcho Kué, the world's largest new diamond mine under development, is now 94% complete with first production planned for the second half of this year.
Over $1 billion to build.
The company traded up 7.85% in the past five days to $5.22 a share.
Minister's approval comes on recommendation from aboriginal review board.
Environmental review panel says project likely to cause "significant adverse environmental impacts."
Mountain Province Diamonds calculates an indicated resource increase of 12% on its Gahcho Kue mine in Canada's Northwest Territories.
Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPV) (NYSE-AMEX: MDM) is pleased to announce that its shareholders have voted 99.5% in favour of the proposed spin-out of Kennady Diamonds Inc. ("Kennady Diamonds") at a special meeting of shareholders held yesterday, April 25, 2012.
Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPV, NY-AMEX: MDM) today announced the results of an updated independent valuation of the diamonds recovered from the Gahcho Kué Project. The valuation was conducted by WWW International Diamond Consultants Ltd. and took place at the London offices of the Diamond Trading Company in early April, 2011. All diamond values presented below are based on the WWW Price Book as at April 11, 2011. Importantly, for the first time, the Gahcho Kué diamonds were grouped into larger parcels, each parcel representing diamonds from the Hearne, Tuzo and the separate lobes of the 5034 kimberlite. In the opinion of WWW, grouping of the diamonds into larger parcels increased the accuracy of the diamond valuation.