Peregrine Diamonds Ltd. PGDIF

Economic Kimberlites

[maintenance1]

"At the Chidliak project 71 kimberlites have been discovered to date with eight being potentially economic." Does this mean that 63 have been identified as not economic?

[ekim]

Not by any stretch. The 8 means that they know enough to continue through to bulk sampling and further work. They are potentially going to be included in the mine plan. Not enough work has been done on many kimberlites to eliminate them altogether, but also to extend them to economic potential. A couple of examples. the dyke 600 metres north of CH-6 is going to be right next to a an open

[schocker]

EKIM is right on all points. The focus now is to confirm enough of a resource - in a small enough area -  to move ahead to a full economic assesment  and probaly to bring on some major mining companies to run the project. If that is successful, they have a few year of mining ahead of themselves. During that time known targets will be tested, retested, new targets found that will push