Peregrine Diamonds on the other hand does get affected by weather because of it's far north location.
The current LDD (large diameter drill) bulk sample program requires the drill to operate on ice.
Weather needs to be below 0 for as long as possible.
The above image from today (May 8th) from the Chidliak co-ordinates clearly shows a long term forecast in favour of the program continuing.
A couple of weeks ago, this was not the case and there was worry amongst the company and shareholders alike that the program would need to be closed much, much earlier.
That has turned and now an extraction of 1000 tonnes of kimberlite is feasible.
The company has finished drilling at CH-7 and should now be well into drilling CH-6.
Once that is done, it can move onto CH-44 and completing CH-44 will give a valuation for the third kimberlite in the mine plan.
This is all great news, but the market still has the taste of potential bad news from the last news release..even though that bad news has literally evaporated in the snowy weather of the north.
There was a groomed trail from site to Iqaluit to haul out bulk sample bags. That was closed for most of the season, but there was significant snowfall over the last 2 weeks in the whole area. There is a possibility that that has re-opened for transport. Another bit of good news possible in this regard.
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