Peregrine Diamonds Ltd. PGDIF

RE:North Arrow Minerals Inc.

[ekim]

The top 3 projects in Canada ( in no particular order) are:

Kelvin/Faraday (KDI)
Star (Shore Gold)
Chidliak ( PGD)

After that?

It has to be NAR. Pikoo looks interesting..but Naujaat has the big footprint...they need to figure out if it can be economic. So far, no luck.

They are trying to define a orangey/yellow distinct population in the dataset...but lack too little information. That is part of what they were bulk sampling for this summer.

They have a lot of hurdles (project economics and fundamental) that they must overcame. 

Chidliak has already overcome the project economics barrier..but apparently need to bulk up those project economics further and further. 

The differnece between NAR and PGD is miles and miles apart. Finding something with positive project economics is nearly impossible. Amazing that all that positive margin rock was sitting so close to Iqaluit for the last 3 decades and no one noticed until BHP/PGD did a first survey.

LONG...PGD

EKIM