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Peregrine Diamonds Ltd. PGDIF

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."


GREY:PGDIF - Post by User

Post by ekimon Jul 13, 2016 5:34pm
115 Views
Post# 25050282

White/colourless versus the rest

White/colourless versus the restMany of you probably heard Tom emphasis the excellent ratio of the white/colour/ess to other colours during the presentation.

he was basically referring to CH-6 ratio..but it is absolutely not a far stretch to apply to most of the diamond district.

Here are two pipes that are not in the area of priority and not considered economic potential for a greensfield exploration program...but are absolute candidates for brownsfield programme:

"Three of the four diamonds larger than 0.850 mm in the CH-52 sample were characterized by the SRC as being white/colourless  and  one  was  off-white.    The  diamond  larger  than  0.850  mm  in  the  CH-58  sample  was  also described as being white/colourless.
With the presence of commercial-size diamonds in small samples collected from CH-52, CH-55 and CH-58, more work will be scheduled on these kimberlites to determine their economic potential."

Of those 4 commercial stones, none of them are of the 'bad' colour and they all fit into either white/colourless or off-white.

That is a pretty good ratio.

CH-58 also has that absolutely beautiful (my favourite) photo of a mantle nodule:

User image

Now that we have a PEA, a road and a mill that is paid for and then some by CH-6, 7...all these other kimberlites will be looked at, excactly what Tom said in the call. All of them.

LONG...PGD

EKIM

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