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Mountain Province Diamonds Reports Year End 2017 Statement of Estimated Mineral Reserves and Resources and Files Technical Report26.03.2018 | 19:00 Uhr | CNW
TSX and NASDAQ: MPVD TORONTO and NEW YORK, March 26, 2018 /CNW/ - Mountain Province Diamonds Inc. ("Mountain Province", or the "Company") (TSX and NASDAQ: MPVD) today announces the Company's year end 2017 statement of estimated mineral reserves and mineral resources. The Company has also completed an updated technical report in support of the statement of estimated mineral reserves and mineral resources, entitled "Gahcho Kué Mine NI-43-101 Technical Report" and dated March 16th, 2018 (with information effective as of December 31, 2017) (the "2017 Technical Report") as prepared and completed by JDS Energy & Mining Inc. ("JDS"). The 2017 Technical Report was filed by the Company on SEDAR on March 26, 2018, and concurrently on EDGAR under Form 6K. The 2017 Technical Report can also be found on the Company's website at www.mountainprovince.com. Total estimated probable mineral reserves for the Gahcho Kué diamond mine at December 31, 2017 are summarized in the following table.
Notes to The Mineral Reserve Statement:
Total estimated mineral resources for the Gahcho Kué diamond mine at December 31, 2017, exclusive of estimated mineral reserves, are summarized in the following table.
Notes to The Mineral Resource Statement:
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 is the world's largest new diamond mine, consisting of a cluster of four diamondiferous kimberlites, three of which are being developed and mined under the initial 12-year mine plan. Qualified Person Caution Regarding Forward Looking Information Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include variations in ore grade or recovery rates, changes in market conditions, changes in project parameters, mine sequencing; production rates; cash flow; risks relating to the availability and timeliness of permitting and governmental approvals; supply of, and demand for, diamonds; fluctuating commodity prices and currency exchange rates, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated. These factors are discussed in greater detail in Mountain Province's most recent Annual Information Form and in the most recent MD&A filed on SEDAR, which also provide additional general assumptions in connection with these statements. Mountain Province cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. Mountain Province believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. Although Mountain Province has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Mountain Province undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking statements to the extent they involve estimates of the mineralization that will be encountered as the property is developed. Further, Mountain Province may make changes to its business plans that could affect its results. The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator. Mountain Province is exposed to actions taken or omissions made by the operator within its prerogative and/or determinations made by the joint venture under its terms. Such actions or omissions may impact the future performance of Mountain Province. Under its current note and revolving credit facilities Mountain Province is subject to certain limitations on its ability to pay dividends on common stock. The declaration of dividends is at the discretion of Mountain Province's Board of Directors, subject to the limitations under the Company's debt facilities, and will depend on Mountain Province's financial results, cash requirements, future prospects, and other factors deemed relevant by the Board. Contact Mountain Province Diamonds Inc., David Whittle, Interim President and CEO, 161 Bay Street, Suite 1410, Toronto, Ontario M5J 2S1, Phone: (416) 361-3562, E-mail: info@mountainprovince.com Dieser Artikel stammt von Rohstoff-Welt.de
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