Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:RE:RE:RE:RE:RE:Diavik Diamonds

[xDeBeers]

Volcanologists understand kimberlites and the diamonds therein pretty well. Many of the Canadian Junior companies have diamond exploration tutorials on their websites. I even think PGD has one.
As a diamond explorer I would have to say your $2M reward would go unclaimed. Though I am sure many would turn up for a shot with divining rods, chrystals and extra sensory perception!
The best we can do in diamond exploration is analyse the mineral chemistry from the so called kimberlites indicator minerals (kims) and tell if there is a higher probability of diamonds. These kims can come from already discovered kimberlites (we have lots of those at Chidliak) or some kimberlites we haven't fround yet. The latter is the exciting part, since De Beers, who does mineral chemistry for kimberlites better than anyone else, has identified a new area where kimberlites will be more likely to contain diamonds.
Diamonds are just passengers on the Volcano picked up 200km down. The colors and sizes are pretty unique for every kimberlite in the world. Heck look at the variabililty of colors at Ekati from different kimberlites. So it's pretty random. There is no predicting macro diamond color in a pipe. Well you may be able to have a shot from a micro diamonds...buts that's cheating.
If you are looking for a "motherload" follow the new area De Beers identified. Whether or not they are colored, will need to wait until we start digging them up.