PEREGRINE DIAMONDS REPORTS 15% INCREASE IN INFERRED MINERAL RESOURCE – CHIDLIAK CH-6 KIMBERLITE


Peregrine Diamonds Ltd. (TSX:PGD) reports a 15 percent increase in the Inferred Mineral Resource estimate for the upper 250 metres of the CH-6 kimberlite pipe, and a 23 to 26 percent increase in the estimate of additional kimberlite tonnage at CH-6. The tonnage estimates for the CH-7 and CH-44 kimberlite pipes have also significantly increased by 35 to 51 percent and 10 to 56 percent respectively, both results of drill programs completed by the Company in 2014. The CH-6, CH-7 and CH-44 kimberlite pipes are located on Peregrine’s 100 percent-owned Chidliak project (“Chidliak”) on Baffin Island, 120 kilometres from Iqaluit, the capital of Nunavut, Canada.

Today’s full press release can be read here.

This information updates their initial May 2014 technical report, available at their site or in this blog’s REPORTS page.

Sínese is a Lisbon-based consulting and engineering company specialised in Economic Geology. For further information or advice on mineral projects (Angola, Mozambique, Portugal, Brazil or elsewhere), contact us at luischambel@sinese.pt or use the contact form.

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