Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:Caustic results out in November

[ekim]

We are talking about micro analysis here...not macro analysis.

Based on the statistics... we should see a 5 carat or greater single stone in a roughly 160 carat parcel from CH-6.

They are by no means sending in every bit of core to the SRC that was drilled this year.
They are sampling...meaning theat they are sending in a quantity of core extracted every 10 metres.

The caustic samples themselves are prcoessed in 20 kg chunks.

Let's say they are going to process 2000 kg's of material. That equqates to 2 tonnes total.
At 5 cpt..that gives you a parcel of 10 carats in total.

Statistically, you have a maximum 6% chance (probably less) that that 10 carat parcel just happens to contain the 5 carat stone amongst a theoretical 160 carat parcel size.

Probably not going to happen and if they did find a 5 carat stone..it wouldn't be statistically pertinent. They just want to look at the micro curve and confirm that the implied grade stands up to the math.

Now, the odds of a seeing a beautiful 0.3 carat stone is much greater and that I would love to see. 
A 1 carat stone? Possible...not an expectation...but the deposit has turned up some 0.99 carat stones in previous core drilling a couple of times.

Remember, a 100 kg sample only needs 0.5 carats of total stones above 1.18 mm to equate to a 5 cpt grade.

LONG...PGD

EKIM