Mountain Province Identifies More Kimberlite at Gaucho Kué, Could Extend Life of Mine

Mining and Exploration
19/09/2018 16:31

Canadian miner Mountain Province Diamonds (MPD) has announced "very encouraging" results from its exploration program currently under way in the immediate vicinity of the Gahcho Kué mine. If the exploration success continues and is confirmed, it could lead to the potential addition to the resource of 1.5 to 2.8 million tons and 2.2 to 4.2 million carats, said Stuart Brown, the Company’s President and CEO.

The most recent drilling has now identified additional kimberlite in the corridor between 5034 and Tuzo, with true intercepts up to 72 meters in thickness. The Curie target has also been confirmed to have kimberlite intercepts up to 52 meters with the full extent of all the additional kimberlite still to be determined. Kimberlite was intersected at a vertical depth of only 18 meters, with the deepest intercept at 119 meters depth. The Curie kimberlite lies within the proposed open pit mine plan for the Tuzo kimberlite, and midway between Tuzo and the Tesla kimberlite. The detailed exploration program has focused on three objectives; drill test for extensions to the Hearne kimberlite between the north and south lobes, drill test the corridor between 5034 and Tuzo, particularly around the North Pipe kimberlite, and drill test the Curie ground gravity target located between the Tesla and Tuzo kimberlites.

Brown added, “Our continued success in this near-mine exploration program is very encouraging. The earlier work on the additional kimberlite identified on the Southwest Corridor kimberlites is scheduled to be classified in the last quarter of 2018 in time for inclusion for the 2019 mine plan. Work on developing the model and resource estimates for Hearne and the 5034 North Lobe/North Pipe Extension additioal kimberlites is scheduled to be completed in Q1 2019 and will in time potentially be incorporated into a modified mine plan, when completed. These significant kimberlite discoveries are well within the present mine plan area and there is little doubt that, if economic, will contribute tonnage to extend the mine life at Gahcho Kué.” MPD is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada’s Northwest Territories.