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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

Comment by ekimon Sep 02, 2018 8:01am
106 Views
Post# 28554003

RE:RE:Final Voting Results

RE:RE:Final Voting ResultsSomeones reposting my opinions from another chat board.

Either way...the finland play looks somewhat interesting...I just never liked how they got into the project. Backroom, insider, management deals. 

I will keep my eye out on the results..but so far nothing is appealing.
Now look at how they drill.

you see the first 4 holes are drilled in an tilted N/E/S/W Grid at a 45 degrees.
then they found they found the longest intersection (E) and drilled a 5th hole at a narrower dip of 80 degrees to get a 'guaranteed' longer length interection.
Just so they can tout -- "Longest intercept in this drill program was 45m."

It has nothing to do with true width/depth of the structure. It is a bit more akin to twinning a hole then anything.  
ADD is near the bottom of my list of diamond stocks to buy. 

Hole No. Easting

 

(m)

Northing

 

(m)

Bearing/Dip

 

(degrees)

Total

 

Depth

From

 

(m)

To

 

(m)

Width

 

(m)

Description
GW-001 4470715 7335710 15/45 21.7 3.5 15.5 12.0 Kimberlite
GW-002 4470715 7335710 105/45 42.0 3.0 38.2 35.2 Kimberlite
GW-003 4470715 7335710 195/45 20.5 3.5 15.3 11.8 Kimberlite
GW-004 4470715 7335710 310/45 17.5 4.4 9.9 5.5 Kimberlite
GW-005 4470715 7335710 105/80 47.5 2.0 47.5 45.5 Kimberlite

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