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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 Silverwhereon Aug 09, 2016 2:49pm
118 Views
Post# 25123549

xDeBeers

xDeBeersWith all due respect xDB, and please correct me if Im wrong, I believe many discoveries (and mines) have come to fruition on properties which have been explored by others before. For whatever reason, whether it be exploration budget constraints, missed-it-by-that-much horizontally and/or vertically, wrong angle, just plain vanilla bad luck (am sure you can list off a top twenty other reasons), prior exploration attempts fail, and for some reason future newbies and/or oldies are luckier. This is, after all, a game of chance. Just ask Robert Friedland about patience and dogged determination in Mongolia. See Early Encounters, Western Interest, including Ivanhoes Breakthrough; summary here . . . . . https://blogs.ubc.ca/mongolia/2016/oyu-tolgoi-discovery/ . . . . . . . The company completed 109 drill holes by September 2000, with encouraging results. Ivanhoe subsequently opened a major office in Ulaanbaatar under the name of Ivanhoe Mines Mongolia Inc (IMMI). HOWEVER, 149 drill holes were completed before the projects eureka DISCOVERY hole, OTD-150, was drilled in in Southwest zone of the Oyu Tolgoi area in July 2001. Some want people to believe the world is still flat. The fact of the matter is this: resolute EXPLORERS have disproved this old thesis, and a better life goes on, thank you very much. So xDB, did your team do absolutely everything in their powers, did you punch 150 deep holes like IVN for instance? Probably not. You most likely have a prudent and frugal budget to snoop around, relatively speaking, as far as your prelim work pertaining to an early stage of a longer term diamond exploration process. Will others after you crash and burn? Maybe. Can someone in a future exploration program get lucky? Maybe, maybe not. But to say diamonds will absolutely NEVER be found is a stretch, no? Again, correct me if Im wrong. I am not a geo expert. You are? Thanks in advance.
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