Mountain Province announces discovery of new kimberlite at Gahcho Kue

Mountain Province Diamonds Inc. announced the discovery of a new kimberlite at its Gahcho Kue Joint Venture (GKJV) leases. The Wilson kimberlite is located roughly 200 meters east of the Tuzo kimberlite and was discovered during drill testing of geophysical and geological anomalies in the area. The Wilson kimberlite is the first kimberlite to be discovered in the GKJV area in over 20 years, and it lies well within the open pit mine plan for the Tuzo kimberlite. The Wilson kimberlite is named after Alice Evelyn Wilson (1881-1964), who is officially recognized as Canada's first female geologist.

President and CEO of Mountain Province Stuart Brown commented: "This very positive development, the discovery of the Wilson kimberlite, is a result of the combined efforts between Mountain Province and De Beers Canada, who are operators of the Gahcho Kue JV. The discovery of Wilson demonstrates the high exploration potential of the Gahcho Kue JV area, and after a 20-year discovery hiatus, it confirms that we are on track for discovering new kimberlites in this region. This discovery also heightens our focus on the potential for more discoveries in the corridor between the Gahcho Kue JV and the Kelvin-Faraday kimberlites."

The location of the Wilson kimberlite relative to other kimberlites in the Gahcho Kue mine plan is provided in the image below. The Wilson kimberlite was discovered during an exploration drilling program that was designed to conduct drill-testing of geophysical and historical drilling anomalies in the area surrounding the Gahcho Kue kimberlites. To date, eighteen drillholes have been completed.