Upcoming Events - Chidliak

This page is dedicated to upcoming key events. (estimated timeline) . (PGD - website - events)

March 5th - 8th, 2017 - PDAC Booth #2421B on Tuesday (7th) and Wednesday (8th) 

March 30th, 2017 - Annual General Meeting (for registered holds up as of Feb. 23rd, 2017)

March -May, 2017 - Collection of geotechnical baseline data (2 week study) by Avisian for deep water port work for the Nunavut Government.

June 27th, 2017 - Field mobilization for summer drilling program.

July 5th, 2017 - Drilling starts for a total of 7,500 metres of drilling with pierce points into CH-6 down to 500 metres. This is both geotechnical (1,000 metres) and inferred expansion work. 2 drilling rigs being utilized.

July 13th, 2017 - Rights offering event. See note below.

"The common shares of the company are expected to commence trading on the Toronto Stock Exchange on an ex rights basis at the opening of business on July 13, 2017, meaning that common shares purchased on or following that date will not be entitled to receive the rights under this offering."

August 15th, 2017 -Last day to exercise rights in current offering.

July - August 2017 - Environmental baseline studies continue and studies related to the transportation corridor (future all weather road)

August - September 2017 - Core sent to SRC for microdiamond results and results released when ready.

July - September, 2017 - Collection of geotechnical baseline data (2 week study) by Avisian for deep water port work for the Nunavut Government.

September 5th, 2017 - Expression of Interest due for NTCF Application (National Trade Corridors Fund) --  NTCF Website

September 21st, 2017 - Presentation by Dr. Herman Grutter on Chidliak at the 11th International Kimberlite Conference in Botswana. Presentation Listing

Summer/Fall 2017 (if needed) - Collection of environmental baseline data by Avisian for deep water port work for the Nunavut Government.

November 6th, 2017 - Comprehensive Project Proposal submission - NTCF

October - December 2017 - Updated technical report published with updated TFFE/inferred on CH-6.

Dec 2017 - Final design and permitting for Iqaluit port

January/March 2018 - Updated PEA (preliminary economic assessment) published with additional underground portion of CH-6 added. This should also use an updated valuation model with a current price book. 

February/March 2018 - Construction contract awarded for development of Iqaluit port. 

February - May 2018 - Establish winter camp, ice strip in preparation for supporting LDD RC Drilling, Trench bulk sample and regular core drilling.

Trench details - CH-6 - 30 metres long x 15 metres wide. Depth 3 to 8 metres.
Trench will produce approximately 500 tonnes of kimberlite and will be started around March 1st, 2018.

June 2018 - Iqaluit Deep Water port construction starts

June 2018- Bulk samples to the SRC for testing.

June to August 2018 - Summer field program. 

Fall 2018  - Results of winter program. 

2018 to 2019 - PFS/FS work plus continual environmental studies and necessary permitting work.

2019 - new Iqaluit small craft harbour available for use.

Late 2019First construction phase for Chidliak.

October 2020 - Iqaluit deep water port construction finished.

2020 - 2021 - Estimated mine production start date - First production diamonds pulled out of Chidliak.

1 comment:

  1. A deep water port seems to be finally moving forward! You can read the article here: http://www.cbc.ca/news/canada/north/iqaluit-port-moving-forward-1.3417733