Peregrine Diamonds Ltd. PGDIF

From will P. tonight

[madmann]

Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD), down one-half cent to 14.5 cents on 327,000 shares, got some good news with its first successful drill hole this summer at CH-6, on the Chidliak property in southeastern Baffin Island. The hole, drilled 30 degrees from vertical toward the east, was designed to pass through the company's target for further exploration, a projected area of kimberlite deeper within the pipe that has not been sufficiently drilled to be considered a resource. Peregrine's geological model of CH-6 predicted a 100-metre-long intercept. Instead, the company encountered 152 continuous metres of kimberlite before passing through the eastern wall of the pipe.

[griefman]

Here is the entire Will P blog: Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD), down one-half cent to 14.5 cents on 327,000 shares, got some good news with its first successful drill hole this summer at CH-6, on the Chidliak property in southeastern Baffin Island. The hole, drilled 30 degrees from vertical toward the east, was designed to pass through the