FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of: December__, 2002
Commission File Number 0-27322
Mountain Province Diamonds Inc.
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(Translation of registrant's name into English)
Suite 212, 525 Seymour Street, Vancouver, British Columbia, Canada V6B 3H7
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F |X| Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ____ No |X|
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________
[MOUNTAIN PROVINCE DIAMONDS INC. LOGO] Empire Towers I
3633 E. Inland Empire Blvd., Suite 465
Ontario, CA 91764
Phone: (909) 466-1411
Fax: (909) 466-1409
http://www.mountainprovince.com
e-mail: mtnprovinvrel@worldnet.att.net
NEWS RELEASE
December 18, 2002 OTCBB: MPVI
TSX: MPV
MOUNTAIN PROVINCE DIAMONDS REPORTS
MICRODIAMOND RESULTS FOR THE
KELVIN KIMBERLITE BODY AND MZ LAKE SILL - 73
Kelvin Body Significantly Diamondiferous
Mountain Province Diamonds Inc., (the Company) is pleased to announce that it
has been informed by its joint-venture partner De Beers Canada Exploration Inc.
(De Beers Canada), a wholly-owned subsidiary of De Beers Consolidated Mines
Limited (De Beers), that the micro-diamond recovery of all outstanding samples
from the Kelvin kimberlite body and MZ Lake sill-73 has been completed. The
micro-diamond counts from the Kelvin body are significant with counts very
similar to those for the 5034 and Hearne pipes. Only a very small amount of
kimberlite from MZ Lake Sill-73 was tested and six micro-diamonds were
recovered. The Kelvin kimberlite body and MZ Lake are located in the
joint-venture's AK leased claims situated in the northwest Territories of
Canada. The former is approximately 9 km northeast and the latter is 20 km
northwest of Kennady Lake, which contains the Hearne, Tuzo and 5034
diamondiferous kimberlite pipes.
The Kelvin kimberlite body was discovered in the spring of 2000. It is located
approximately nine km northeast of Kennady Lake and three km south-southwest of
the Faraday kimberlite body, which was discovered in 1999. One drill hole in the
north-south direction in the Kelvin pipe intersected 40 meters of kimberlite
horizontally projected while another hole in approximately the east-west
direction intersected 23 meters of kimberlite horizontally projected. A 3.3
meter thick kimberlite dyke at a depth of 31 meters was discovered approximately
200 meters south of the Kelvin pipe under the same narrow lake. A total of 184
kg of kimberlite was recovered from the two holes into the Kelvin pipe and sent
for acid dissolution. The micro-diamonds recovered per square sieve size are
shown in the table (i.e. the number of micro-diamonds that did not pass through
each of the square mesh sieves). The two largest diamonds are 8.9 and 8.5 points
(one point is one-hundredth of a carat). Diamonds larger than the 0.5 x 0.5 mm
square sieve size are called "macro-diamonds". The number of macro and
micro-diamonds recovered and their size-frequency distribution is very similar
to that for the 5034 and Hearne pipes in Kennady Lake (representative
micro-diamond results for the 5034 and Hearne pipes are also shown in the
table). Those pipes have average grades of 1.64 and 1.71 carats per tonne,
respectively. The result for the Kelvin body is also very similar to, if not
slightly better, than the micro-diamond results for the Faraday body reported in
July 1999 (and also shown in the table).
As mentioned in the September 10, 2001 news release, De Beers discovered several
sills (shallow dipping kimberlite sheet-like bodies) of various lengths, widths
and thicknesses north of MZ Lake during the 2001 spring exploration program.
Four of the sills discovered there have been determined to be diamondiferous.
The largest number of micro-diamonds was recovered from drill hole MPV-01-73
(just north of the western tip of MZ Lake); 28 diamonds were recovered from five
kg. The kimberlite sill associated with this drill hole is being called Sill-73.
A detailed ground penetrating radar (GPR) survey using closer line spacing than
last year, was conducted this past winter over a large area encompassing
Sill-73. The results of the survey were used to determine drill hole locations.
A total of 10 follow-up holes were drilled into Sill-73 and numerous
intersections of kimberlite was recovered. The thicknesses of the intersections
varied from 7 cm to 2.19 m with the largest combined kimberlite intersection in
one drill hole being 3.49 m, between 14.66 m and 19 m depth from surface. This
sill appears to extend at least one kilometer along strike. Only 13.8 kg of
kimberlite from Sill-73 was recovered and sent for micro-diamond recovery. A
total of only six micro-diamonds were recovered. It must be stressed that 13.8
kg is a very small amount of kimberlite so the results should be viewed with
caution and De Beers reports that insufficient micro-diamonds have been
recovered upon which to base any meaningful macro-diamond grade prediction. More
work would be needed to determine the potential of the MZ Lake sills.
De Beers has decided to move their attention to the Faraday-Kelvin area this
winter, because of the excellent micro-diamond results from the Kelvin body.
Both bodies need to be better defined, as do the dyke structures associated with
these bodies. A hole drilled in 1999 intersected 2.54 m of kimberlite
approximately 160 m northeast of the Faraday body and a hole in 2001 intersected
three intervals of kimberlite (with the thickest intersection being 1.74 m)
approximately 600 m to the southwest of the Faraday body. This dyke system
appears to be at least 800 meters long and could have additional blows, like the
Faraday body along it, as well as extensions both to the northeast and
southwest.
This winter De Beers is planning to do detailed ground magnetometer and ground
gravity surveys over both the Kelvin and Faraday bodies and the dyke systems
both north and south of each body. Promising targets will be drilled. Work will
start in February 2003.
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Square mesh Kelvin: 184kg Faraday: 40kg Hearne: 128kg 5034: 160kg
Size (mm) Number of diamonds Number of diamonds Number of diamonds Number of diamonds
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2 5 1 2 4
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1 9 0 10 10
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0.5 11 5 17 23
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0.3 44 11 46 37
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0.212 65 12 77 68
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0.15 139 21 83 138
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0.104 173 24 143 218
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Separately, De Beers has taken the claims that contain Kennady Lake, MZ Lake and
the Faraday-Kelvin area to lease.
Mountain Province Diamonds Inc. is a diamond exploration and development
company. The AK claims, located in the Northwest Territories of Canada are now
held 44.1% by Mountain Province Diamonds Inc., 4.9% by Camphor Ventures (TSX-V:
CFV), and 51% by De Beers Canada Exploration Inc. As reported in its news
release on March 7th, 1997, Mountain Province Diamonds Inc. and its partner
entered into a joint agreement with De Beers Canada Exploration Inc. formerly
known as Monopros Ltd. (a wholly owned subsidiary of De Beers Consolidated Mines
Limited) under which De Beers Canada Exploration Inc. has the right to earn up
to a 60% interest in the AK property by taking the project to commercial
production.
A map showing the various locations on the AK leased claims can be viewed on our
website under Investor Information.
"Jan W. Vandersande"
Jan W. Vandersande, Ph.D.
President
This release may contain forward-looking statements, within the meaning of the
"safe-harbor" provision of the Private Securities Litigation Reform Act of 1995,
regarding the Company's business or financial condition. Actual results could
differ materially from those described in this news release as a result of
numerous factors, some of which are outside of the control of the Company.
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USA Office: 3633 E. Inland Empire Blvd., Suite 465,
Ontario, CA 91764 (909) 466-1411
CANADA Office: 525 Seymour Street, Suite 212,
Vancouver, B.C. V6B 3H7 (604) 687-0122
Web Site: www.mountainprovince.com E-mail: MtnProvInvRel@worldnet.att.net
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Mountain Province Diamonds Inc.
(Registrant)
Date December 18, 2002 By: /S/ "Pradeep Varshney"
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(Print) Name: Pradeep Varshney
Title: Chief Financial Officer