Peregrine Diamonds Ltd. PGDIF

Area B success?

[xDeBeers]

Based on geological and geophysical evidence thus far, the ~2Ha target in the north east of Area B will be found to be a kimberlite pipe in my professional opinion.

Given PGD removed the Area B reference from the  "potential kimberlite target" slide in a recent presentation, this means they drilled it. (Ekim noticed what was missing from this slide which is a feat. Easy to notice what is there....but what is not there, and has been removed is harder)

Given my assumption above that it is a kimberlite, I suppose they would NOT have to report it since finding kimberlites does not seem to be material anymore. For example we have 80 odd kimberlites and historically we have not had price sensitive press releases for each and every one. So if it is a ~2Ha kimberlite and they are sitting on the news, does this mean they are waiting for the microdiamond results? Surely they would prioritise this microdiamond sample based on De Beers analysis and the large size of the kimberlite. They removed Area B from that slide weeks if not months ago. If it takes 6-8 weeks for micordiamond results, then the news should be out soon. The microdiamond results for this large target have the potential to improve tonnage at Chidliak dramatically and soon.