GREY:PGDIF - Post by User
Post by
ekimon Nov 11, 2015 11:02am
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Post# 24281038
November mining report
November mining reportArticle --
Mining Report
"It didn’t come as a surprise to CEO Tom Peregoodoff, but he says this summer’s announcement of a deepwater port for Iqaluit was certainly welcome news for the company, which hopes one day to build a diamond mine 120 kilometres northeast of the Nunavut capital. The addition of a port, which would facilitate the transport of goods and equipment to build and operate any future mine, would
no doubt factor positively into Chidliak’s economics. A preliminary economic assessment is expected in the second quarter of 2016, which will include results from the $3.75-million summer drilling of its two core kimberlites (CH-6 and CH-7).
Those drilling results should be out this month. To date, Peregrine has an inferred mineral resource of 8.57 million carats with its CH-6 kimberlite."
LONG...PGD
EKIM