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Bullboard - Stock Discussion Forum Peregrine Diamonds Ltd. PGDIF

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."

GREY:PGDIF - Post Discussion

Peregrine Diamonds Ltd. > UpHere Magazine Article
View:
Post by igalaaq on Oct 05, 2017 6:48pm

UpHere Magazine Article

in this month's issue, here is an excerpt:

Nunavut: Qirniqtaaluk

Leading up to the creation of Nunavut, Inuit leaders hired geologists to tell them where the most mineral prospective areas were so they could include them as part of their future land claim.  Every mine in operation in Nunavut today – along with the majority of the territory’s advanced exploration projects is located on parcels of land where Inuit own surface and subsurface rights.

One exception is Peregrine’s Chidliak diamond project on Baffin Island, halfway between Iqaluit and Pangnirtung.  According to Linda Ham, chief geologist with the Canada-Nunavut Geoscience Office, that area was little explored and appeared on maps as a large mass of pink, which denotes granite rock.  But Peregrine was curious and took a look at some Geological Survey assessment reports and sediment samples and found what appeared to be good indicator minerals for kimberlite, a diamond bearing rock. “They put a few drillholes down over the area and intersected kimberlites,” she says. “People had no idea that kimberlite could be in that area at all”.

Ham says there really isn’t much “white space” left on the Nunavut map.  “There’s no longer big , big areas that we don’t know what the rock type is underneath it.”  But there are big swaths of land that are inadequately mapped, like the Chidliak used to be.

One such area, , Qirmiqtaaluk, spans southward from Arctic Bay on the northwestern Baffin Island to the Fury and Hecla Strait, adjacent Iglulik.   “It’s a big area of all pink [on the map],” says Ham.  “That’s telling us most of that area is all granite.  But when you start looking at the aerial photos, we can see there are more rock types there. It’s not granite.

Comment by Kidlapik on Oct 06, 2017 8:41am
Another fellow Northern traveler. Gotta love that new ATR42 of First Air ;) Canadian North schedule has been so bad lately after their code share fell apart. Thanks for the article!
Comment by ekim on Oct 06, 2017 11:41am
Interesting. I didn't know the IOL land was hand picked on the basis of potential resource development beyond just traditional lands, etc. Chidliak does have some kimberlites on IOL land and those toward the coast line, east of the circle of focus. Beyond resources, there was only 1 known archaeology site on Chidliak before PGD got on the land. With PGD there...they now have 56 known sites - ...more  
Comment by cudjo on Oct 06, 2017 2:55pm
nice find, question, can they go in after the fact and make claims?  That would seem logical, and a pattern of behavior in the past 30 years. IMO.
Comment by igalaaq on Oct 06, 2017 7:30pm
The answer to your question Cudjo probably lies within this document. https://gov.nu.ca/sites/default/files/files/013%20-%20Nunavut-Land-Claims-Agreement-English.pdf One positive however is that the new diamond mine will most likely be subject to less royalties.
Comment by Kidlapik on Oct 06, 2017 11:36pm
Cudjo I am happy to listen to your opinion on most things but I take exception here. Provide me with one example where after a legal claim was staked the Government of Nunavut or an Inuit birthright organization laid claim or rescinded the claim. Their isnt any, your comment is ignorant and I am offended by what you are implying.
Comment by Silverwhere on Oct 07, 2017 1:47am
cudjo is an ignorant selfish douche. He makes sh*t up & posts his BS here as facts. Pathetic doesn't even begin to describe this nickel bag fool. Again, what kind of day trader spends his time here? Only the most pathetic kind.  Ask cudjo if he made any money anywhere in the market this week. One of one answer (starts with an N, and ends with an O). THAT ...more  
Comment by cudjo on Oct 07, 2017 8:45am
kidlapik, no offense intended, I apologise if you read it that way, my question is legit, will there be claims made now that a resource has been found.  History is littered with interest in land claims peaking when a resource is found, or is required to move through a territory, look at your national fights with oil and gas, to which I can only say thanks for the contining cheap oil btw ...more  
Comment by Silverwhere on Oct 07, 2017 10:51am
This post has been removed in accordance with Community Policy
Comment by Silverwhere on Oct 07, 2017 11:18am
This post has been removed in accordance with Community Policy
Comment by Kidlapik on Oct 07, 2017 12:44pm
Apology accepted Cudjo and I can see where you are coming from. Though I believe your comments are stemming from a misunderstanding between Inuit land claims and First Nations rservations. There are no individual bands or groups of Inuit with competing ownership rights over the land. You could make an argument that the Rgions function kind of like that but in reality they are all Under the laws of ...more  
Comment by northmark on Oct 07, 2017 2:23pm
Well stated and as an example of First Nations overlapping land claims, here in BC I believe that 130% of the province is now under land claim.
Comment by griefman on Oct 07, 2017 3:01pm
130%?
Comment by northmark on Oct 07, 2017 3:44pm
Sounds funny I know but if you calculate the percentage of the province under claim for each individual land claim you end up with 130%. We're going to have to extend the coast line by using the Rockies as back fill.
Comment by cudjo on Oct 07, 2017 6:06pm
kidlapik, thanks for the lessons, one of the reasons to be on BB, nice to see instead of the constant personal attacks, best of luck
Comment by griefman on Oct 07, 2017 6:15pm
Couldn’t agree more Cudj....
Comment by ntagain on Oct 07, 2017 10:40pm
Aw yes Cudj, but all our problems look miniscule compared to yours and the big thing is WE GET TO LIVE HERE. Have a great Canadian Thanksgiving every one and lets give thanks that we have such down to earth, basic common sense gun laws.
Comment by cudjo on Oct 08, 2017 11:44am
ya ntagain, lets start an arguement about who is better than the other, sad. Know this, you never raise your self up by trying to make others small, you only diminish yourself. Canada is a great place, recommend you come on down once and a while and enjoy our hospiatality, we will try to keep you safe ;).  God bless the souls lost and injured, physically and emotionally in Vegas, including ...more  
Comment by griefman on Oct 08, 2017 3:21pm
Do we really want to go there here? Real people were devastated from many races, nationalities, etc.. Put some events in perspective beyond borders.
Comment by ntagain on Oct 08, 2017 11:33pm
Hey Cudj, I am the last person who would want to start an argument but you should just re read your post. It doesn't exactly flatter our system. I am actually a fan of most of your posts over the years that have created some rather insulting feedback. As to your wonderful hospitality, I feel that I might be a little more "entitled" to have some bad thoughts on some of your systems as ...more  
Comment by cudjo on Oct 09, 2017 10:53am
cheers ntagain, have a great long weekend, healthy debate is fun.  Good luck. Igalaaq, that is a great question, one WP has raised, read his thoughts, silence is not golden, if it was material, we would know, so... opposite of material probably means meh, they neither added or subtracted from what we know, diamond counts and a partner is required or this is dead money.  Good luck
Comment by griefman on Oct 09, 2017 1:10pm
Is not poor results or whatever not as material as good news/results?
Comment by cudjo on Oct 09, 2017 4:58pm
for sure kodi, that is why I sy it is meh, neither added or subtracted, will see
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