Peregrine Announces Microdiamond Results for Chidliak Project

Peregrine Diamonds Ltd. (TSX:PGD) announced new microdiamond results from samples of drill core at its Chidliak project in Canada.

As quoted in the press release:

Of special note is a 175.4 kg sample from the bottom of drill hole #7 in the northwest portion of CH-7 that returned 546 diamonds larger than the 0.106 mm sieve size including 12 diamonds larger than the 0.85 mm sieve size weighing a total of 0.668 carats. The largest diamond in the sample was described by SRC as a 0.51 carat, off-white octahedron.

Peregrine’s President, Brooke Clements said:

Today’s results from almost 600 kilograms of drill core reflect the consistently strong diamond content and coarse diamond size distribution we are seeing in samples from all across CH-7. All of the diamond results to date show that this kimberlite could have a grade of at least one carat per tonne, which reinforces our belief that Chidliak will be Baffin Island’s first diamond mine.

Click here to read the Peregrine Diamonds Ltd. (TSX:PGD)  press release.