Tuesday, August 1, 2017

Peregrine Diamonds Ltd. - PGD.t

Peregrine Diamonds Ltd. - PGD.t is focused on the flagship Chidliak Diamond project, located 120 kilometres from Iqaluit, Nunavut.

The company released an Inferred Mineral Resource for CH-6 of 11.39 million carats of diamonds in 4.64 million tonnes of kimberlite to a depth of 250 metres at a grade of 4.16 carats per tonne.

On July 26, 2017 the company released News

Peregrine Diamonds Ltd. (TSX:PGD) is pleased to announce the completion of hole CHI-050-17-DD33 (“DD33”), a 433-metre long drill hole at its 100%-owned Chidliak Diamond Project near Iqaluit, Nunavut, Canada. Hole DD33 contains a 152-metre long continuous intercept of typical CH-6 kimberlite, significantly more than the 100-metre intercept predicted by the current CH-6 resource model. The drill result expands the western margin of the CH-6 pipe by approximately 35 metres at a depth of 200 metres below surface (“mbs”) and confirms the eastern pipe contact as near-vertical to 330 mbs, as predicted by the current CH-6 resource model. DD33 continued in country rock and encountered a 0.32-metre open-ended intersection of olivine-macrocrystic kimberlite at 361 mbs where the hole was lost. Another drill hole is planned to test this kimberlite at depth from the eastern side of CH-6.