Peregrine launches winter program on Tli Kwi Cho

摘要

When cash calls to its joint-venture partners went unanswered in December, Peregrine Diamonds (PGD-T) increased its stake in the WO diamond project in the Northwest Territories and, in turn, the DO-27 pipe to 71.74 percent from 54.47 percent, at the expense of Aber Diamond (ABZ-T, ABER-Q), SouthernEra Diamonds (SDM-T, SDMFF-O) and DHK Diamonds. The WO property centres on the DO-27 and DO-18 kimberlite pipes that comprise the infamous Tli Kwi Cho kimberlite complex. As the operator, Peregrine has been advancing the project through scoping level studies. From June 2005 to November 2006, the joint-venture partners spent almost 19 million dollars in their assessment.