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Mountain Province Diamonds Inc.
Summary
| Project: | Gahcho Kue | |
|---|---|---|
| Deposit: | Gahcho Kue | |
| Location: | Canada | |
| Commodities: | Diamonds | |
| Date: | 3/1/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 1-3-2020: Mountain Province Diamonds Inc. announces a Resource Estimation report for its Gahcho Kue deposit at the Gahcho Kue project. Updated Mineral Resources and Reserves for the Project. The Gahcho Kué (GK) Mine is a joint venture (JV) of the De Beers | |
| Resources: | (Reserves, Prob.): 33.0Mt @ 1.60cpt for 53.0Mct | |
| CP/QP: | [Resources]: Daniel Johnson (JDS Energy & Mining Inc.) | |
| ABSTRACT: | The Gahcho Kué (GK) Mine is a joint venture (JV) of the De Beers Group (De Beers) and Mountain Province Diamonds Inc. (MPD), with ownerships of 51% and 49%, respectively. The property is located in the Northwest Territories (NWT) of Canada, 280 km east-northeast of Yellowknife. The Mine lies on the edge of the continuous permafrost zone in an area known as the barren lands. The surface is characterised as heath / tundra, with occasional knolls, bedrock outcrops, and localised surface depressions interspersed with lakes. A thin discontinuous cover of organic and mineral soil overlies primarily bedrock, which typically occurs within a few metres of surface. Some small stands of stunted spruce are found in the area along with myriad lakes. Kennady Lake, under which the kimberlite pipes lie, is a local headwater lake with a minimal catchment area. Due to its location, the Gahcho Kué Mine is a fly-in / fly-out operation with access by winter road during February and March for freight deliveries. Access by air is currently via Yellowknife and Calgary. The winter road (Figure 1-1) functions under a Licence of Occupation by the winter road JV partners who operate | |
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