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Possibly news of interest:
MOUNTAIN PROVINCE MINING, INC. ANNOUNCES DE BEERS/MONOPROS REPORTS CONSISTENT TEST SAMPLE RESULTS FOR THE 5034 PIPE
VANCOUVER, June 19 /CNW/ - Mountain Province Mining, Inc. (the
''Company'') is pleased to announce that 101 carats have been recovered from
the processing of 55.8 tonnes of kimberlite from the 5034 pipe for a grade of
1.81 carats per tonne. This result is consistent with the previously reported
modeling results.
The Operator, Monopros Ltd., a wholly owned subsidiary of De Beers
Consolidated Mines Ltd. has advised the Company that it has recovered 101
carats from 55.8 tonnes of kimberlite from the 5034 pipe for an overall grade
of 1.81 carats per tonne. The kimberlite, extracted with reverse circulation
(RC) drills, was initially processed at Monopros' DMS plant at Grand Prairie,
Alberta and the resulting concentrates were shipped to Johannesburg, South
Africa where the diamonds were recovered. A 1 mm square screen was used as
the bottom cut-off size. Further detailed analysis of the results will be
carried out.
The two largest diamonds recovered were 1.90 and 1.69 carats
respectively. There were 5 diamonds greater than 80 points (0.8 of a carat).
Direct comparison between this test sample and the mini-bulk sample (completed
in September 1996 by the former operator) is not possible because in the
latter case there was no bottom cut-off size compared to a 1 mm x 1 mm screen
used now. Also, a core drill was previously used compared to the current RC
drill. Using the results of the previous mini-bulk sample De Beers estimated
the grade and value of the 5034 to be 1.5 carats per tonne, using the commonly
used commercial 1.65 mm x 1.65 mm bottom cut-off size, with a value of US $55
per carat (reported September 11, 1997).
Monopros and the Company we pleased with the results, which are
consistent with the modeled grade obtained by De Beers. As mentioned in the
previous news release, both Monopros and the Company believe that with the
very good results for the four pipes now in, the project should advance to the
bulk sampling stage. A formal decision will be made subsequent to complete
analysis and interpretation of all results.
The diamonds from all four pipes will now be sent to Kimberley, South
Africa for an initial valuation. The results will be reported when they are
received from De Beers.
The AK and CJ claims, located in the Northwest Territories of Canada, are
held 90% by Mountain Province Mining Inc., and 10% by Camphor Ventures
(VSE:CFV). As reported in the press release on March 7, 1997, Mountain
Province Mining Inc. and its partners have entered into a joint venture
agreement with Monopros under which Monopros has the right to earn up to a 60%
interest in the AK and CJ properties.
On Behalf of the Board of Mountain Province Mining Inc.
''Jan W. Vandersande''
Jan W. Vandersande, Ph.D.
President
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