Peregrine Diamonds Ltd. PGDIF

Recollection of March 6 News Release

[justanormalguy]

In December 2016, the Company engaged JDS to complete an internal, concept-level study on the project economic uplift that could be realized by developing the CH-6 kimberlite to a depth of 500 metres as a combined open-pit plus underground mining operation. The results of this study are excellent and have significantly changed the specifics for the 2017 work program. The study clearly demonstrates the benefit of focusing the 2017 program on proving the resource potential at CH-6 below 260 metres, the current bottom of the Inferred Resource in the PEA.


Expansion of the current Inferred Resource at CH-6 – through diamond core drilling of approximately 4,000-5,000 metres to further demonstrate geological....  

Oops, diamond core drilling is higher now at 7,500 metres.  Got to like that!  Big differential!

[ekim]

They were debating between 1 or 2 core drills for the summer program. The permit allows for 2 core drill rigs on site. Sounds like with the additional metres..they will be leaning toward the 2 core drill rigs. It has been a few summer programmes when they had 2 core drill rigs up at site. That was the big summer program that BHP funded and they were finding new kimberlites every couple of days.