Peregrine Diamonds is bringing a 3rd drilling rig to Chidliak for an August 1st start date. This is to add an additional 2,000 to 4,000 metres of drilling capacity to the summer program. The original target for drilling during the summer was 4,500 to 5,000 metres (with 1 drill) and that was subsequently bumped up to 7,500 metres with 2 full drills onsite. A third one should add more capacity, but they have had some issues early on in the program. Once resolved, the possibility of hitting past 7,500 metres is realistic.
The last time Peregrine Diamonds had 2 core drill rigs on the site was in 2010 and the drill rigs were used on multiple anomalies in addition to the CH-6 mini bulk program (15 tonne).
History should give an indication of what the current program is capable of. Below are the details of what was accomplished by each drill rig in 2010.
Drill rig #1:
Drill rig #2:
When adding up the metres for July/August/September of that timeframe, one of the rigs did just under 3,000 metres and the other rig just did over 3,000 metres.
The advantage that Peregrine Diamonds has this year is that the 3 core drill rigs are all within a very limited vicinity. All at CH-6. These are not getting transported to other anomalies via helicopters.
With a quick look at the numbers, a very productive program could yield up to 10,000 metres. Considering July is almost over, a final target of 7,500 to 8,500 metres is probably a reasonable goal.
Results of the first successful drillhole of the season DD33 (2017-07-26 news) has been eye opening. Peregrine Diamonds just needs to focus on executing more successful holes at site to bring even more knowledge to the project. These exercises are about finding information...not just diamonds.
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