Mountain Province Diamonds Announces Final Survey Results

Mountain Province Diamonds Inc. (TSX:MPV,NYSE:MDM) announced it has identified 106 targets on the Kennady North diamond project based on results from an airborne survey last year.

As quoted in the press release:

Mountain Province is also pleased to announce that the Company will be commencing a 560 line-kilometre total magnetic field (MAG) ground survey this week over the geophysical targets identified by the AGG survey.

The MAG survey will be conducted at 20 metre line-spacing and the results will enable the Company to prioritize the geophysical targets for drilling as soon as practically possible. The MAG survey is being managed by Aurora Geosciences Ltd., contractors to Mountain Province, and is expected to be completed by mid-March 2012.

Mountain Province’s President and CEO, Patrick Evans said:

We are very excited about the large number of geophysical targets that have been identified at Kennady North. We expect the results from the MAG survey to provide excellent data to guide our planned drill program. Besides the excellent micro-diamond counts and size frequency distribution from the known kimberlites at Kennady North, a 0.40 carat diamond was recovered from a 65 kilogram sample taken from Faraday and the samples recovered from Faraday also exhibit an unusually high percentage of desirable yellow diamonds.

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