Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:MicroD Results Extend CH6 to 540 M...open at depth

[Kidlapik]

Ahhh some Geo data to look at! Way more interesting to talk about than throwing shade on each other.

Green diamond??? what! Looks pretty cool too. Micro diamonds are almost perfectly in line with earlier results so we can safely say the issue of weather the kimberlite extends down to 500m is confirmed now.

Expanded Kim L.HG volume within the original 260m beyond originally thought, extended down to 470m, extended Kim L.NG down to 540m. Showed Kim C to be exactly what they thought it was. Recovered same % of white/colorless(higher actually), recovered slightly less off-white and more yellow. On target results with a surprise green diamond.

I don't think this will impact the share price as the same issue with financing hangs over this company but as they have proven the resources is what they thought it was it gives them weight with whoever they are in discussions with.

I see these results bringing the CH-6 resource from 11-million carats now to over 25-million carats. Math below

Original Inferred results down to 260M

CH-6 NG       3.88million tonnes at 2.12cpt  = 8.24million carats
CH-6 HG       0.76million tonnes at 4.16cpt = 3.15million carats

A bit of EASY rounding and maybe a bit generious but they said they expanded it WITHIN the 260 so I am rounding the tonnage to 4mt for NG and 1mt for HG.

CH-6 NG   4mt x2.08 = 8.32mt to 540m at 2.12cpt = 17.6million carats
CH-6 HG   1mtx1.81 = 1.81mt to 470m at 4.16cpt = 7.5million carats

New inferred resource 25.1 Million Carats or an additional 14 million carats from original OR an upgrade of 228%!

Still probably wont change the share price with retail investors.