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Peregrine Diamonds Ltd. PGDIF

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."


GREY:PGDIF - Post by User

Bullboard Posts
Comment by Durkastanon Jul 20, 2010 2:19pm
290 Views
Post# 17282352

RE: RE: In the news

RE: RE: In the newsWong, the only reason anyone even reads your posts or responds to them is to point out what a hopeless basher you are.

WHY do you even bother? It boggles the mind.

I looked back through the NR's for you. Here is the relevant excerpt of which you speak:

The 49.6 tonne sample was collected from a small, easily accessible outcrop of the CH-1A phase near the north end of the CH-1 kimberlite as a follow-up to the favourable diamond results from samples collected at CH-1 in 2008. Drilling will be required to collect similar size samples from other phases of CH-1. CH-1 is interpreted as being a complex body that consists of three or more kimberlite lobes that together define a geophysical anomaly with an estimated surface expression of approximately two to three hectares. Each kimberlite lobe can consist of multiple kimberlite phases, with each phase having different geologic characteristics. Sampling in 2008 and 2009 identified the following four distinct phases at CH-1: CH-1A, CH-1B, CH-1C, and CH-1D, each with an apparently distinct diamond content as summarised in a news release dated October 21, 2009. As an example, the initial samples from the CH-1A phase returned three to four times fewer microdiamonds than equivalent samples from the other three phases.

So... you're right. The CH-1A came back disappointingly. There are still 3 other phases of CH-1, though. And as they said, CH-1A was the least promising of the lot anyway. They did that for the same reason that they're taking a 50 tonne sample of CH-7 right now: it looks like it has promise, so they have to follow up.

Only a total fool would think that the Chidliak property has no promise. It gets more promising all the time. The most recent NR is the most encouraging news I've seen for PGD all year.

Bullboard Posts