The Gahcho Kué diamond project is progressing according to plan, with first production slated for the second half of 2016.
Mountain Province Diamonds—which has a 49 per cent stake in the project— says processing of the Gahcho Kué Land Use Permit and Class A Water Licence remains on schedule; both are expected to be approved by the end of the year.
Although drilling of the final third hole at Tuzo Deep is underway, progress has been slower than planned due to difficult ground conditions. De Beers Canada holds 51 per cent of Gahcho Kué JV, which is located at Kennady Lake in Canada’s Northwest Territories.
The Gahcho Kué Project consists of a cluster of four diamondiferous kimberlites, three of which have a probable mineral reserve of 35.4 million tonnes, grading 1.57 carats per tonne for total diamond content of 55.5 million carats.
