TLI KWI CHO, NORTHWEST TERRITORIES - If Peregrine Diamonds (PGD-V) can demonstrate that the infamous Tli Kwi Cho kimberlite complex in Canada's Far North carries enough tonnage grading around 1 carat per tonne, it will not only show the project has the potential to be a standalone operation, but it could provide potential milling feed for the nearby Diavik and Ekati diamond mines. BHP Billiton (BHP-N) is currently trucking kimberlite ore some 25 km to the Ekati mine site from the Misery open-pit satellite operation, which lies just a couple of kilometres off from Diavik. Misery was estimated at the end of 2000 to contain 6 million tonnes of ore grading 3.5 carats per tonne at 34 US dollars per carat, which is equivalent to 119 US dollars-per-tonne rock.
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