RAPAPORT… A kimberlite discovered during new exploration at Mountain
Province’s Gahcho Kué mine will expand total production at the asset.
Deposits located near the north pipe of the mine have the potential to increase output at Gahcho Kué
by 2.2 million to 4.2 million carats, the company reported last week.
“Our continued success in this near-mine exploration program
is very encouraging,” said Mountain Province CEO Stuart Brown. “These
significant kimberlite discoveries are well within the present mine-plan area,
and there is little doubt that, if economic, will contribute tonnage to extend
the miner life at Gahcho Kué.”
De Beers, Mountain Province’s partner in Gahcho Kué, will
complete its exploration program shortly, and the results may be incorporated
into a modified mine plan during fiscal 2019, Brown added.
Mountain Province owns 49% of the Gahcho Kué mine, with De
Beers holding the remaining 51%.
Image: Gahcho Kué mine. (Mountain Province)
New Find to Add Life to Gahcho Kué
The Bottom Line
- A new kimberlite found near the north pipe of Gahcho Kué may increase total production by 2.2 to 4.2 million carats.
- The discovery lies within the current mine plan area and could extend the mine's operational life if deemed economic.
- De Beers will complete its exploration soon, with results potentially leading to a revised mine plan in fiscal 2019.
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