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Mountain Province Diamonds Inc.
Summary
| Project: | Gahcho Kue | |
|---|---|---|
| Deposit: | Gahcho Kue | |
| Location: | Canada | |
| Commodities: | Diamonds | |
| Date: | 3/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-3-2018: Mountain Province Diamonds Inc. announces a Resource Estimation report for its Gahcho Kue deposit at the Gahcho Kue project. Updated mineral resource and reserve estimate at Gahcho Kue mine. The Gahcho Kué (GK) Mine is a joint venture of De Bee | |
| Resources: | (Reserve, Prob.): 31.5Mt @ 1.57cpt for 49.4Mct | |
| CP/QP: | [Resources]: David Johnson (JDS Energy & Mining Inc.) | |
| ABSTRACT: | The Gahcho Kué (GK) Mine is a joint venture of De Beers Canada Inc. (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, 300 km east-northeast of Yellowknife. The site 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, occurs typically within a few metres of surface. Some small stands of stunted spruce are found in the area. There are myriad lakes in the area. Kennady Lake, under which the kimberlite pipes lie, is a local headwater lake with a minimal catchment area. Access to the site is via a 1,676m all-weather gravel airstrip which is serviced by RJ85 and 737 Jet aircraft from Calgary, as well as L-382 Hercules and smaller turbo-prop aircraft from Yellowknife. A winter road connects Yellowknife to the Gahcho Kué, Ekati, and Diavik mines during February and March each year (Figure 1-1). The road is operated under a Licence of Occupation by the winter road JV Partners who operate the Ekati and Diavik and Gahcho Kué mines. The road passes within 70 km of the GK site, at Mackay Lake. A 120 km winter road spur was established from Mackay Lake to the Project site, and was first opened in 1999. The Gahcho Kué spur road has been open each year since 2013 to support construction and on-going mine operations. The Gahcho Kué kimberlite deposits are located within a series of mineral leases as shown in Figure 1-2. Surface rights (land leases) were issued by the Government of the Northwest Territories (GNWT) in 2015 and are presented in Figure 1-3. | |
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