36.34 Carat Diamond Recovered from Oena Diamond Mine

VANCOUVER, BRITISH COLUMBIA--(Feb. 8, 2017) -Tango Mining Limited ("Tango" or the "Company") (TSX VENTURE:TGV) is pleased to announce that African Mineral Recovery Solutions CC ("AMRS") has mobilized and commissioned mining and processing equipment, including a Bourevestnik X-ray sorter ("BVX") at the Oena Diamond Mine (the "Oena Project") located in the Northern Cape, South Africa. During test commissioning, AMRS recovered a total of 62.17 carats at an average value of US$3,780 per carat, including a stone of 36.34 carats.
 
Since Tango's acquisition of 51% of African Star Minerals (Pty) Limited ("ASM"), which owns 100% of the Oena Project, 254.2 carats have been recovered with an average value of US$1,881 per carat. Upon completion of a number of required operational items, including the implementation of a number of required management plans, including a Health and Safety Plan, Tango expects AMRS to commence bulk sampling in Q1 2017.
Read more: Tango Mining Limited ( TGV )

Mountain Province Diamonds Announces Recovery of 67.87 carat Gem Quality Diamond at Gahcho Kué Mine

TORONTO and NEW YORK, Feb. 6, 2017 - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX and NASDAQ: MPVD) is pleased to announce the recovery of a 67.87 carat gem quality octahedron diamond during production ramp-up at the Gahcho Kue diamond mine. This is the largest gem quality diamond recovered to date at Gahcho Kué and can be viewed at the Company's website www.mountainprovince.com.
 
"The presence of large gem quality diamonds at Gahcho Kué was established during the bulk sampling when a 25.13 carat octahedron was recovered", noted Patrick Evans, Mountain Province President and CEO. "The recovery of a 67.87 carat gem quality diamond during production ramp-up is very encouraging."
 
Mr. Evans added: "Following some disruptions due to conveyor systems winterization issues, the production ramp-up at Gahcho Kué is once again progressing well and the mine is on track to achieve commercial production on schedule during the current quarter."
Read more: Mountain Province Diamonds Inc ( MPVD )

Mountain Province Diamonds Announces Production Results for the Fourth Quarter ended December 31, 2016 and Completion of First Diamond Sale

TORONTO and NEW YORK, Jan. 26, 2017 -  Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX and NASDAQ: MPVD) today announced the production results for the fourth quarter ended December 31, 2016 from the Gahcho Kué Diamond Mine together with the completion of the Company's first diamond sale held between January 16 and 25 in Antwerp, Belgium.
 
The total mining of waste and ore from the 5034 open pit for the twelve months to December 31, 2016 was approximately 22.5 million tonnes with approximately 70,000 tonnes of ore stockpiled at yearend.
Read more: Mountain Province Diamonds ( MPVD )

Lucara Brings in US $38.7 Million From Its Second Exceptional Stone Tender of 2016

Lucara Diamond Corp. (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) ("Lucara" or the "Company") is pleased to announce excellent results from its second Exceptional Stone Tender of 2016. This tender of Karowe diamonds consisted of 12 single stone lots. All 12 diamonds, totaling 1,098 carats, were sold for gross revenues of US $38.70 million (US $35,230 per carat).
 
Highlights:
--  5 diamonds sold for more than US $2.0 million each. 
--  Lot 1001, the 224.5 carat Type IIa diamond sold for US $11.11 million (US $49,497/ct), which was also the highest value per carat diamond. 
--  Lot 1004, the 162.3 carat diamond sold for US $4.88 million (US $30,117/ct) 
--  Lot 1005, the 81.8 carat diamond sold for the second highest price per carat of US $46,138/ct.
Read more: Lucara Diamond Corp ( LUC )

Mountain Province Diamonds Production Report for the Third Quarter ended 30 September 2016

TORONTO and NEW YORK, Oct. 25, 2016 /CNW/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPV, NASDAQ: MDM) is pleased to announce the production for the third quarter ended September 30, 2016 from the Gahcho Kué Diamond Mine.
 
The total mining of waste and ore for the nine months to September 30, 2016 from the 5034 open pit was approximately 15.9 million tonnes, with approximately 17,000 tonnes of ore stockpiled.
 
Ramp-up production at Gahcho Kué commenced on August 1, 2016. From August 1 to September 30, the plant processed approximately 130,000 tonnes of ore and produced 198,000 carats on a 100 percent basis, of which the Company's 49 percent share is approximately 97,000 carats.
Read more: Mountain Province Diamonds ( MPV / MDM )

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