Happy Canada all.
July 1st has dual significant for the Chidliak project.
Three actually.
Being a statutory holiday in Canada, the head office for Peregrine Diamonds would be closed for today as they would celebrate Canada day with their families.
2nd - July marks the ending of the june spring melt at the Chidliak site. The snow, slush and puddles of water finally disappear and the field program can get started to a productive level.
3rd - The 10 million flow through warrants from the end of December had a holding period that expire today. It is unknown which hands they sit and if those hands are long and deep in the project....or they just wanted a tax benefit in 2014 and are eager to sell.
More information on the summer field program will be forthcoming from mgmt and contain all the details on the accomplishments they are aiming for.
Converting maximum TFFE (target for future exploration) material to Inferred will be crucial for both CH-6 and CH-7 as that will lead into the PEA (preliminary economic assessment) study that is being worked on for the next 6 to 10 months.
Stay tuned on the news feed over the next week or 2 for that update from the company.
Enjoy the festivities and keep in mind how dry some of the areas of Canada are. No fires eh!
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