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Largest gem quality diamond found at Gahcho Kué Mine

Mountain Province Diamonds Inc. has announced the recovery of a 67.87 carat gem quality octahedron diamond during production ramp-up at the Gahcho Kué diamond mine. This is the largest gem quality diamond recovered to date at Gahcho Kué.

"The presence of large gem quality diamonds at Gahcho Kué was established during the bulk sampling when a 25.13 carat octahedron was recovered," noted Patrick Evans, Mountain Province President and CEO. "The recovery of a 67.87 carat gem quality diamond during production ramp-up is very encouraging.

"Following some disruptions due to conveyor systems winterization issues, the production ramp-up at Gahcho Kué is once again progressing well and the mine is on track to achieve commercial production on schedule during the current quarter,” he added.

Mountain Province also announced that the company's second sale of diamonds from ramp-up production will take place in Antwerp, Belgium, from 20 February 20 to 1 March 2017.

Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada's Northwest Territories. Gahcho Kué consists of a cluster of four diamondiferous kimberlites, three of which have a probable mineral reserve of 34.88 million tonnes grading 1.57 carats per tonne for total diamond content of 54.64 million carats.


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