Mountain Province Diamonds Announced Volume Estimate Increase

Mountain Province Diamonds Inc. (TSX:MPV,NYSE:MDM) announced a 78.5 percent increase in the volume estimate of the Tuzo kimberlite pipe at the Gahcho Kué JV.

As quoted in the press release:

The Tuzo Deep volume estimate is based on the pierce points from five inclined drill holes completed in April, 2012, as well as two pierce points from earlier drilling.

The results of the Tuzo Deep drilling indicate an increase from the previous kimberlite volume estimate of 6.6 million cubic meters to 11.781 million cubic meters. The bulk of this volume increase (4.578 million cubic meters) is modelled from a depth of 354 meters (the cut-off of the current resource estimate) to a depth of 564 meters; an increase in depth of 210 meters.

Click here to read the Mountain Province Diamonds Inc. (TSX:MPV) press release.