Peregrine Diamonds Outlines Summer Work Program for Chidliak

Peregrine Diamonds Ltd. (TSX:PGD) released an update on its Nunavut-based Chidliak diamond project. The company is working to expand the resource at Chidliak, and a recent independent review points a possible 1-million-tonne resource expansion opportunity at the CH-6 kimberlite.
The press release states:

Both the resource expansion at CH-6 and the scale of the maiden resource declaration at CH-7 are contingent on the implementation of limited key additional exploration and evaluation work, which is underway and results of the 2015 CH-7 bulk sample. Existing drillcore from CH-6 and CH-7 is currently being sampled to improve geological and microdiamond characterization of certain kimberlite units, and similar sampling will occur throughout approximately 1,200 m of new core to be drilled at CH-6 and CH-7 during the summer 2015 work program. Successful integration of the core sampling results with the 2015 bulk sample results will enable the Company to maximize the Inferred Resource estimates for both CH-6 and CH-7. The revised Inferred Resource base will be included in a planned Preliminary Economic Assessment on a potential Phase 1 diamond mine development at Chidliak, expected in the second quarter of 2016.

The company also gave an updated on its 2015 bulk sample program:

The 2015 bulk sample program consisted of six large-diameter drill holes drilled to a maximum depth of 240 metres at CH-7, and the airlift of 558.5 wet tonnes of screened CH-7 kimberlite to secure storage facilities in Iqaluit. Since processing capacity at the Dense Media Separation (“DMS”) plant of the Saskatchewan Research Council (“SRC”) could not be secured until early August 2015, the Company suspended plans to airlift a portion of the CH-7 bulk sample to Saskatoon in June. The entire bulk sample is scheduled for transportation by sealift and road to the SRC. The first sealift is expected to depart Iqaluit on or about July 26, and the SRC is scheduled to commence bulk sample processing through its ten tonne per hour DMS plant in mid August.
The Company expects processing of the CH-7 bulk sample to a concentrate to be completed on or before November 15, 2015. Diamond recovery is expected to be completed by early December with initial diamond grade results being released shortly thereafter. Independent diamond valuation results are expected early in the first quarter of 2016.

Finally, Peregrine outlined a planned summer 2015 work program at Chidliak:

• Sampling of Existing CH-6 Core. Expand microdiamond and ancillary data sets for the southern, northern and at-depth portions of CH-6 by collecting some 700 kilograms of representative samples from six previously drilled core holes. This work is currently in progress and will utilise drill core stored at the Chidliak site.
• CH-6 Core Drilling. Extend known geological and grade continuity in the southern portion of CH-6 currently classified as TFFE by drilling two near-vertical core holes, with each hole extending to 260 metres depth. Representative microdiamond samples will be collected along the length of both holes.
• Sampling of Existing CH-7 Core. Expand microdiamond and ancillary data sets for the KIM-2, KIM-3 and KIM-4 domains at CH-7 by collecting some 1,200 kilograms of representative samples from eleven previously drilled core holes. This work is currently in progress and will utilise drill core stored at the Chidliak site.
• CH-7 Core Drilling. Extend known geological and grade continuity in the southern portion of CH-7, underlain primarily by unit KIM-2, by drilling three near-vertical core holes, with each hole extending to 220 metres depth. Representative microdiamond samples will be collected along the length of the holes.

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