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    Peregrine Announces Microdiamond Results for Chidliak Project

    Investing News Network
    Feb. 27, 2012 04:48PM PST
    Diamond Investing

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

    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.  

    canadaperegrine diamonds ltdtsx:pgd
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