Shares Issued and Outstanding: 94,168,151
NYSE MKT: MDM
TORONTO AND NEW YORK, Aug. 19, 2013 /CNW/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company")
(TSX: MPV, NYSE MKT: MDM) today announced that a National Instrument
(NI) 43-101 Technical Report on the Gahcho Kué project has been filed
on SEDAR and EDGAR and is also available on the Company's website at www.mountainprovince.com.
The updated NI 43-101 resource estimate was prepared by Mineral Services
Canada Inc. ("Mineral Services") and the results were announced on July
Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué JV located
at Kennady Lake in Canada's Northwest Territories. The Gahcho Kué
Project consists of a cluster of four diamondiferous kimberlites, three
of which have a probable mineral reserve of 31.3 million tonnes grading
1.57 carats per tonne for total diamond content of 49 million carats.
Gahcho Kué is the world's largest and richest new diamond development
project. A December 2010 feasibility study filed by Mountain Province
(available on SEDAR) indicates that the Gahcho Kué project has an IRR
The Qualified Person for the updated Tuzo Deep estimate is Mr. Tom
Nowicki, PhD, P Geo, a Mineral Services employee. The estimation and
classification of the mineral resources conform to industry-best
practices and meet the requirements of CIM (2005). This news release
was prepared under the supervision of Mr. Nowicki.
This news release may contain forward-looking statements, within the
meaning of the "safe-harbor" provision of the Private Securities
Litigation Reform Act of 1995, regarding the Company's business or
financial condition. Actual results could differ materially from those
described in this news release as a result of numerous factors, some of
which are outside the control of the Company.
SOURCE: Mountain Province Diamonds Inc.
Mountain Province Diamonds Inc.
Patrick Evans, President and CEO
161 Bay Street, Suite 2315
Toronto, Ontario M5J 2S1