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Article: Mountain Province Diamonds Receives Budget Proposal for 2007 5034 N Bulk Sampling Program.
- Article from:
- Business Wire
- Article date:
- April 30, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO & NEW YORK -- Mountain Province Diamonds Inc. (AMEX: MDM)(TSX: MPV) (the "Company") today announced that the operator of the Gahcho Kue diamond project, De Beers Canada Inc ("De Beers"), has presented a C$7.63 million draft budget proposal to the joint venture partners in support of the 2007 5034 North bulk sampling program. The joint venture partners are currently reviewing the budget proposal and plan to meet in May to make a decision.
As previously announced, the Joint Venture is currently considering undertaking a land-based large diameter (5.75 inches) core drilling program at the 5034 North Lobe during the summer of 2007. This program will be used ...