Archive

  • Peregrine Diamonds announced its securityholders voted last Friday to approve the move by De Beers Canada to acquire the company for a total equity value of approximately C$107 million ($81 million). De Beers Canada and Peregrine Diamonds first announced the agreement in July, whereby De Beers would acquire 100% of the outstanding shares of Peregrine for $0.24 per share in cash. The transaction represents a 50% premium to Peregrine’s share price of $0.16 on July 18, 2018, and a premium of 44.5% to the volume weighted average price of the shares for the 20-trading days ended July 18, 2018.

  • De Beers Canada and Peregrine Diamonds Ltd. today announced they have entered into an agreement whereby De Beers will acquire 100% of the outstanding shares of Peregrine for $0.24 per share in cash for a total equity value of approximately C$107 million (US$81 million). Peregrine Diamonds is a TSX-listed diamond exploration and development company and owner of the high quality Chidliak diamond resource located in Canada’s Nunavut Territory.

  • Peregrine Diamonds, a Vancouver-based junior miner with exploration projects in Canada and Botswana, announced its Resource Development Program has resulted in a 58% increase in the Inferred Mineral Resource at the high-grade CH-6 kimberlite pipe at its 100%-owned Chidliak Diamond Project, Nunavut, Canada. Their inferred resource at CH-6 jumped from 11.39 million to 17.96 million carats after testing. This brings the company's total Phase One Diamond Development resource at the CH-6 and Ch-7 pipes to 22 million carats.

  • Peregrine Diamonds reports that its 2017 resource expansion drill program has confirmed the high-grade CH-6 kimberlite extends from surface to 540 metres below surface (mbs). This represents an additional 280 metres below the 260-metre depth of the current CH-6 Inferred Resource announced on April 7, 2017. The CH-6 kimberlite remains open below 540 mbs, the current limit of drilling. Tom Peregoodoff, Peregrine’s President and CEO, said: “The results confirm that the high-grade CH-6 kimberlite extends well below the current resource base of 260 metres.

  • 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.

  • Canadian junior miner Peregrine Diamonds has completed final preparations for the 2017 work program at its 100%-owned Chidliak Diamond Project near Iqaluit, Nunavut, Canada. Core drilling at the CH-6 pipe, slated to commence on July 5, will further delineate the kimberlite, with the objective of expanding the high grade CH-6 resource to a depth of 500 metres below surface. The current depth of the Inferred Resource in the 2016 Preliminary Economic Assessment (PEA) is 260 metres.

  • This article is reprinted from Paul Zimnisky Diamond Analytics, courtesy of Paul Zimnisky.

  • Peregrine Diamonds, a TSX-listed diamond exploration and development company with assets located in northern Canada and Botswana, has completed an internal concept study of a potential open-pit plus underground mining development at its 100% owned CH-6 kimberlite pipe at the Chidliak Diamond Project near Iqaluit, Nunavut, Canada. It concluded there is the potential to substantially enhance the economics of the Chidliak Project by incorporating an underground mining operation.

  • Back in May 2016, Canadian diamond exploration and development company Peregrine Diamonds announced a maiden Inferred Mineral Resource estimate of 4.23 million carats for the CH-7 kimberlite pipe at it's 100% owned Chidliak Diamond Project, Nunavut, Canada, with an overall average grade of 0.85 carats per ton, bringing the combined Inferred Mineral Resource for the CH-6 and CH-7 kimberlites of Chidliak to 15.62 million carats, raising its resource estimate by 37%

  • Peregrine Diamonds Limited announced the findings of an independent "Preliminary Economic Assessment (PEA) for the Chidliak Phase One Diamond Development Project" of the company’s CH-6 and CH-7 kimberlite pipes. Peregrine owns 100% of the 564,396 hectare Chidliak Project, where 74 kimberlites have been discovered to date, with eight currently being identified as potentially economic. The phase one development envisages an open-pit diamond mine with a mining life of approximately 10 years, producing first from the CH-6 kimberlite pipe and then from an open

  • Diamond exploration and development company Peregrine Diamonds Ltd. has announced a maiden Inferred Mineral Resource estimate  of 4.23 million carats of diamonds for the CH-7 kimberlite pipe at the company's 100 percent owned Chidliak Diamond Project, Nunavut, Canada, with an overall average grade of 0.85 carats per ton. This brings the combined Inferred Mineral Resource for the CH-6 and CH-7 kimberlites of Chidliak to 15.62 million carats, again raising its resource estimate by 37% over its prior analysis.

  • Peregrine Diamonds, a TSX-listed diamond exploration and development company with assets located in northern Canada and Botswana, has reported a 33% increase in inferred diamond resource - from 8.57 million to 11.39 million carats - at the CH-6 kimberlite pipe at its 100 percent owned Chidliak Diamond Project, Nunavut, Canada. Tonnage increased by 40 percent from 3.32 million to 4.64 million tons. The revised resource includes a newly identified zone which currently is estimated to contain 3.15 million carats in 0.76 million tons, for an estimated grade o

  • Peregrine Diamonds has announced that the results of an independent diamond valuation for an aggregate 735.75 carat parcel of commercial-size (+1.18 mm square mesh) diamonds recovered from five geological units of the CH-7 kimberlite pipe at the Company's 100% owned Chidliak Diamond Project, Nunavut, Canada yielded a base modelled price of US$114 per carat. The current average price was US$100 per carat, and ranged from US$73 to US$154 per carat across parcels from the five geological units represented.