Peregrine Diamonds Ltd. PGDIF

RE:xDeBeers

[Silverwhere]

From the Aug 04, 2016 PGD NR . . Peregrines Sikwane prospecting licence PL272/2015 covers 453 km2 and contains nine kimberlites discovered through percussion and limited core drilling by De Beers in 1997. This previous work recovered diamonds from surface samples and from down-hole samples at the Sikwane kimberlites, although diamond abundance and size distribution data are not available. . . . .

Silverwhere wrote: With 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.