Peregrine Diamonds Confirms Expansion of CH-6 Pipe at Chidliak Project

Mining and Exploration
24/08/2017 16:57

Canadian junior miner Peregrine Diamonds announced that it has completed drilling of three diamond holes at its 100%-owned Chidliak Diamond Project near Iqaluit, Nunavut, Canada. The total number of metres drilled was 1,474. Tom Peregoodoff, Peregrine’s President and CEO, commented: “We are extremely pleased with the drill results to date. It is especially encouraging to see that DD38 confirms the result from DD33 and that the CH-6 kimberlite is expanding in size with depth. This additional kimberlite material could provide a significant uplift to contained carats as we look to recalculate the resource later this year. In addition, hole DD39 confirms the high grade (average 2.45 carats per ton) CH-6 pipe continues at depths below 500 metres and provides future resource expansion opportunities. Drilling continues and with these results we are confident that we will meet our objective this year of expanding the CH-6 resource below the 260 mbs base of the current Inferred Resource.” The company previous stated that the 2017 drilling program at Chidliak aims to further delineate the CH-6 kimberlite, with the objective of expanding the high-grade CH-6 resource to a depth of 500 metres below surface. 

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