Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:Kidlapik

[maintenance1]

Thanks for that Kidlapik. I wonder what they saw in the sample retrieved from CH-7 earlier on that caused them to continue drilling CH-7 instead of sticking to the plan. Surely once 250 tonnes of CH-7 had been removed, they could have moved to CH-6. They chose to stay with CH-7. Why?

My understanding is that they have permits to drill only frozen ground. Any summer drilling will require more permits. Frozen ground would go a long way to ensuring that the drill is on a stable surface. I am pretty happy with the progress and with the plan for surface sample for CH-44. I would like to see CH-6 to a greater depth. There is value down there. 

It is looking like PGD intends to mine this rather than sell it. If they plan to mine it, drilling deeper serves little purpose.