GREY:PGDIF - Post by User
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macookieon Mar 12, 2015 4:12pm
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this was broadcasted on cbc radio in Iqaluit...
this was broadcasted on cbc radio in Iqaluit...This was broadcasted on cbc radio in Iqaluit... Thursday, March 12, 2015 – 7:30am | CBC North Iqaluit Regional Radio English News... (as per GN media monitoring email)
3rd story: Peregrine Diamonds continuing bulk sampling at Chidliak site
This month Peregrine Diamonds is continuing bulk sampling at its Chidliak site northeast of Iqaluit. Tom Peregoodoff is the President and CEO of the company. He says Peregrine brought a large-diameter drill rig onto the site, and workers expect to start drilling in about a week.
“I’m really looking forward to the time when we can sit back and all start to realize you know the value of a real economic diamond development in Nunavut.”
Peregrine recently estimated that Chidliak’s kimberlite pipes contain 8.5 million karats of high-grade diamonds. That is a 15 per cent increase over the last estimate. Peregoodoff says the next step is to do an economic assessment later this year or in early 2016. He says the company hopes to have a diamond mine up and running by 2020.