GREY:PGDIF - Post by User
Post by
ekimon Mar 18, 2016 1:37pm
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Post# 24675934
A couple of updates
A couple of updatesOne - we finally have the answer to the Botswana drilling.
"Four magnetic anomalies occurring in the source area of the unique indicators were drill tested in November, 2015 with inconclusive results. Work continues on other high-potential targets within the project."
A strike out for sure...but they've also now expanded their claims in Botswana as well and finally desginated a formal section on the website. It means they are not going anywhere and will continue the programme there.
On the Chidliak side of things..they are stretching the NI43-101 a bit...which is nice to see.
"High-margin CH-6 kimberlite with Inferred Resource of 8.57 million carats at US$213 per carat and 2.58 carats per tonne"
They are now using the term high-margin..which has been re-iterated over and over again on the blog. PGD has now started advertising this fact.
"The mini-bulk sampling programs established that 82% of Chidliak diamonds recovered on 0.85 mm or larger sieves have white or off-white colours and that 36% have octahedral or related high-yield geometries. These commercially desirable characteristics suggest that larger, representative parcels of Chidliak diamonds could command valuations well above the average US$108 per carat price-point for rough diamonds produced globally in 2013."
That is a generic statement that PGD is now comfortable to release to the public that infers it is not just ch-6 and ch-7 that will have these great characteristics..but it will apply to the whole diamond district. As in, we are going to see grades much greater than US$108 in most of the pipes..at that point, it is really a question of grade to see what the final rock value is.
They are walking a fine line into throwing a generic and conservative value to ch-44 without having to do a bulk sample and assigning an inferred grade on it. Questionable..but they did that with the Q pipes at NAR's property....which I think was stretching it too much. I don't think there is any way you can get to indicated without having a bulk sample..but inferred...maybe.
CH-1 would definitely fall into this and then some. It is going to have some seriously nice looking diamonds...just a pure question of grade in the different areas of that pipe.
I like the new site. Looks like they have finally removed the legacy analyst section...maybe they will bring it back post-PEA and load it up with new names.
LONG...PGD
EKIM