Mountain Province Diamonds Optimistic about Kelvin and Faraday Kimberlite Studies: Over 18 million Carats Present

Mountain Province Diamonds, a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada's Northwest Territories made their Q1 Reports for the spring season of 2023.

The Gahcho Kué Joint Venture consists of several kimberlites that are actively being mined, developed, and explored for future development. The mining company controls over 113,000 hectares of highly prospective mineral claims and leases surrounding the Gahcho Kué Mine that include an Indicated mineral resource for the Kelvin kimberlite and Inferred mineral resources for the Faraday kimberlites.

The company stated that the Kelvin kimberlite flute is estimated to contain 13.62 million carats (Mct) in 8.50 million tonnes (Mt) at a grade of 1.60 carats/tonne and value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/tonne and value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct in 1.87Mt at a grade of 1.04 carats/tonne and value of US$75/carat. All resource estimations are based on a 1mm diamond size bottom cut-off.

The company also reported that 1,319,603 carats were recovered during Q1-2023, 11% higher than last year's comparable quarter (Q1 2022: 1,185,156 carats) with an average grade of 1.72 carats per tonne, a 3% increase relative to Q1 2022 (1.67 carats per tonne).

Source: MPD
Photo Credit: MPD Website