Peregrine Diamonds Ltd. PGDIF

Tidbit - Annuals

[ekim]

There is always hidden tidbits in the annuals and this year is no different.

This is the first time we have actually seen the word 'Indicated' in future work for Chidliak.

I've talked about at the AGM what it takes to move from inferred to indicated and it isn't actually a lot.

Here is the reference:

"Future resource development activities at Chidliak should focus on further constraining the spatial distribution and systematic characterization of geological units at CH-6, CH-7 and CH-44, with the immediate objective of expanding actual or potential resources, and the further objective to maximize conversion of Inferred Resources to the Indicated Resource category. Exploration activities should focus in two directions: re-evaluation of extant kimberlites in terms of additional near-term resource potential and re-evaluation of extant exploration-level datasets to support further kimberlite discoveries"

Looks like we have moved to the next step of the Resource development program...converting as much as possible to indicated.

LONG...PGD

EKIM