DIAMOND VALUATION: Mountain Province releases new figures for Gahcho Ku

NORTHWEST TERRITORIES - Mountain Province Diamond of Toronto and New York has released an updated independent valuation of the diamonds recovered from the Gahcho Kué project near Lac de Gras. Mountain Province holds a 49% share in the project along with De Beers Canada (51% and operator).

The latest figures indicate that a 38% raise in the actual price per carat to US$185. The modeled price per carat is US$122, up 41 %.

This is the first time the Gahcho Kué diamonds have been grouped into larger parcels prior to valuation. Each parcel represents diamonds from the Hearne, Tuzo and the separate lobes of the 5034 kimberlite, said Mountain Province. In the opinion of the independent assessor, grouping of the diamonds into larger parcels increased the accuracy of the diamond valuation. The most valuable stone came from the Tuzo sample. It is a 9.9-ct diamond of D-E colour and valued at $24,000/ct.

Visit www.MountainProvince.com for more information about Gahcho Kué.