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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

Comment by schocoron Jul 26, 2017 11:59am
118 Views
Post# 26511370

RE:News out.

RE:News out. So we get a little more ore in Ch6 at depth good enough I suppose. BUT then they drilled through country rock and discovered +30 centimeters of olivine kimberlite at 330meters deep before the drill hole was terminated? Is this what others read? If so lets speculate on what we have here(keeping in mind I am not a geologist so my terminology is a little pedestrian); looks to me like we have a related volcanic kimberlite material in the proximity of CH6 possibly a dyke extending eastward possibly a new kimberlite altogether that is does not express at surface. Or possibly 30 centimeters of CH6 lava flow that just got trapped in a nearby crevice. I am envisioning it like a spider web of different kimberlite flows of different grades (Misery at EKATI) or perhaps a dyke style structure (like at snap lake). COULD add A LOT of tonnage (or none at all). I am not getting too excited about any of this yet. 330meters is pretty deep for diamonds but certainly worth it if the ore is comparable to Ch6 so YES get another drill in there and test that eastern expansion of Ch6 to see what expends beyond that 30cm of rogue kimberlite you found. The near vertical country rock/kimberlite contact in the western part of CH6 is decent news if you think ahead to mining methods (block cave vs the alternative) but we are 8 years away from that decision at best.
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