Peregrine Announces Update on Diamond Resource Development Program

Peregrine Diamonds Ltd. (TSX:PGD) announced an update on its 100 percent-owned Chidliak diamond project, located in the capital of Nunavut, Canada.

As quoted in the press release,

The planned objective of Peregrine’s 2015 Diamond Resource Development program is to confirm the grade estimates and provide representative diamond parcels to enable valuation of diamonds recovered from the CH-6, CH-7 and CH-44 kimberlite pipes. Kimberlites bulk sampled in the 2015 program will be included in a planned 2016 Preliminary Economic Assessment on a potential Phase 1 diamond mine development at Chidliak.

Click here for the full Peregrine press release