Peregrine Looking to Expand Opportunities With Chidliak Diamond Project

Mining Weekly reported Peregrine Diamond (TSX:PGD) has several opportunities now that it has completed the acquisition of the Chidliak diamond project in Canada.

As quoted in the market news:

In December, Peregrine announced a binding agreement with BHP Billiton to buy BHP Billiton’s 51% participating interest in the 8 580 km2 Chidliak diamond project on Baffin Island in Nunavut, Canada. The purchase gives Peregrine 100% ownership of Chidliak, exposing its shareholders to all the benefits from the diamond discoveries to date and the project’s exploration potential.

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