GREY:PGDIF - Post by User
Post by
oiltaron Aug 29, 2015 7:09am
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Post# 24061847
March 10
March 10PGD alerted shareholders to KIM 5 and thier expectations.As I said the grade over CH-6 numbers are very likely material.PGD will not let trading of its shares on leaks.If KIM 5 is under 2.58 ct then no need to rush out a NR.But over that they will tell us ASAP.
Mr. Tom Peregoodoff, Peregrine's President and CEO said, "The new results from our 2014 Diamond Resource Development Program show that there is tremendous potential to add significant carats to Chidliak. Our work in 2014 added over one million carats to our Inferred Resource at CH-6, an increase of 15%. The new results from CH-7 define a previously unknown geological domain that has the potential to exceed the resource grade of 2.58 carats per tonne ("cpt") established at CH-6. The 2015 Diamond Resource Development Program has now commenced and is designed to confirm the grade estimates and provide diamond parcels to enable valuations for the key kimberlite pipes that will be included in a planned 2016 Preliminary Economic Assessment on a potential Phase 1 diamond mine development at Chidliak."