Peregrine Diamonds Ltd. PGDIF

RE:RE:more details

[ekim]

The last work on the hornet drill was to build the overburden depth between the surface and the kimberlite contact for both CH6, CH7 and cH44.

Focus is on CH-6...so why not run the topopgrahy task with the hornet on the 3 string of pearls plus the dyke at the far end.

Pop a single LDD RC hole into each of the String of pearls to get a valuation exercise going.

The mill is close to CH-6, the NPV is all tied up into CH-6. Why not add a few hundred thousand tonnes of pearl material to the mix. If you can get enough macro stones to determine a macro grade to depth and have a look at the distribution to see if it matches CH-6 type stones..you might be able to assign the modelled valuation for CH-6 onto the pearls.

You may even get an extra million tonnes to the plan. At 1 to 1.5 million carats @ US$200 per carat. Gives you an extra CAD$400 million in available revenue to the plan.

Not out of the question.

Some of the geotech drilling will be done on the North side of the pipe anyway...so some of that will overlap with the pearls anyway.

I believe the northern dyke at the end of the 3rd pearl still needs some work on to define and understand.

LONG...PGD

EKIM



LONG...PGD

EKIM