Mountain Province Diamonds Inc. (MDM) Updates Mining Operations in Canada
Mountain Province Diamonds Inc. issued an update on its mining operations in Canada where the company is prospecting for diamonds. Mountain Province Diamonds Inc. is involved in a joint venture with De Beers Canada Inc. at the Gahcho Kué Project located in the Northwest Territories. The project is approximately 74,000 acres and is held by the joint venture through a 21 year renewable lease. Mountain Province Diamonds Inc. reported that an update of a previous evaluation study at the Gahcho Kué Project placed a 40% higher valuation on the resources recovered from the site. The update was based on higher…