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Mountain Province Diamonds Announces Recovery of 67.87 carat Gem Quality Diamond at Gahcho Kué Mine
Mountain Province Diamonds Announces Recovery of 67.87 carat Gem Quality Diamond at Gahcho...
About this update from Mountain Province Diamonds Inc.
[{"type":"text","content":"\n\n\n\nMountain Province Diamonds Announces Recovery of 67.87 carat Gem Quality Diamond at Gahcho Kué Mine\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO and NEW YORK, Feb. 6, 2017\n\n\n\nShares Issued and Outstanding: 160,068,833TSX and NASDAQ: MPVD\n\n\n\nTORONTO and NEW YORK, Feb. 6, 2017 /CNW/ - Mountain Province Diamonds Inc. (\"Mountain Province\", the \"Company\") (TSX and NASDAQ: MPVD) is pleased to announce the recovery of a 67.87 carat gem quality octahedron diamond during production ramp-up at the Gahcho Kue diamond mine. This is the largest gem quality diamond recovered to date at Gahcho Kué and can be viewed at the Company's website www.mountainprovince.com. \n\n\"The presence of large gem quality diamonds at Gahcho Kué was established during the bulk sampling when a 25.13 carat octahedron was recovered\", noted Patrick Evans, Mountain Province President and CEO. \"The recovery of a 67.87 carat gem quality diamond during production ramp-up is very encouraging.\" \n\nMr. Evans added: \"Following some disruptions due to conveyor systems winterization issues, the production ramp-up at Gahcho Kué is once again progressing well and the mine is on track to achieve commercial production on schedule during the current quarter.\"\n\nMountain Province also announced that the Company's second sale of diamonds from ramp-up production will take place in Antwerp, Belgium, from February 20 to March 1, 2017.\n\nMountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada's Northwest Territories. Gahcho Kué consists of a cluster of four diamondiferous kimberlites, three of which have a probable mineral reserve of 34.88 million tonnes grading 1.57 carats per tonne for total diamond content of 54.64 million carats. \n\nGahcho Kué is the world's largest and highest grade new diamond mine. A 2014 NI 43-101 feasibility study report filed by Mountain Province (available on SEDAR) indicates that the Gahcho Kué project has an IRR of 32.6%. \n\nQualified ...