Peregrine Diamonds Ltd. PGDIF

Metals & Mining Industrial Metals & Minerals

"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."

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Peregrine Diamonds Ltd. > from our "MIA" diamond geo soldier

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Comment by Silverwhereon Aug 23, 2017 10:06am

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Post# 26611607

RE: from our "MIA" diamond geo soldier

“beautifully phased paragraph”? - LOL - phrased. This temporary share overhang does not faze me at this phase.

Silverwhere wrote:
To all PGD Sideline Sallies

Kindly READ this beautifully phased paragraph from our "Missing In Action (MIA)" diamond geo soldier:

Tom Peregoodoff, Peregrine's President and Chief Executive Officer, commented: "We are extremely pleased with the drill results to date. It is especially encouraging to see that DD38 confirms the result from DD33 and that the CH-6 kimberlite is expanding in size with depth. This additional kimberlite material could provide a significant uplift to contained carats as we look to recalculate the resource later this year. In addition, hole DD39 confirms the high grade (average 2.45 carats per tonne) CH-6 pipe continues at depths below 500 metres and provides future resource expansion opportunities. Drilling continues and with these results we are confident that we will meet our objective this year of expanding the CH-6 resource below the 260 mbs base of the current Inferred Resource."