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. > PGD 4.35 Fancy Yellow from D027

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Comment by ekimon Jan 05, 2015 4:21pm

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RE:RE:RE:RE:RE:PGD 4.35 Fancy Yellow from D027

I read a bit of the technical report from Q1-4 and it looks like the fancy yellow is mentioned in the smaller diamonds (micro's) and are yet to be confirmed in the macro diamonds (bulk sample program). They do mention that the micro yellow's are not the best crystal shapes.

I did learn that the Q1-4 does have an inferred resource (not just TFFE) without a valuation exercise.

I did not know that.

That tells me that we could theoretically still get an inferred resource out of CH-7 and CH-44 at the end of January without the valuation data. As long as they have enough drilling and data to do that.

An inferred resource announced on either of them would be beneficial (IMO).

LONG...PGD

EKIM

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