Peregrine Diamonds Ltd. has discovered a 0.64 carat diamond and a coarse diamond size distribution in a surface sample collected from the CH-7 kimberlite on the 9,800 square kilometre Chidliak project in Baffin Island, Nunavut, Canada. A 220.9 kilogram sample collected from CH-7 yielded 664 diamonds larger than the 0.075 mm sieve size, including 11 diamonds larger than the 0.600 mm sieve size. The CH-4 and CH-8 kimberlites are also diamondiferous with 201.6 and 187.9 kilogram samples of drill core and surface material respectively yielding 15 and 17 diamonds larger than the 0.075 mm sieve size including one diamond larger than the 0.600 mm sieve size from CH-4.
Brooke Clements, President of Peregrine stated, “The coarse diamond size distribution indicated at CH-7 is another example of the excellent diamond potential at Chidliak. We have now received diamond results for eight of the 16 kimberlites discovered to date at Chidliak, and all eight are diamondiferous with three of these, CH-1, CH-6 and CH-7 having diamond contents and coarse diamond size distributions that are consistent with economic potential. Planning is underway for the 2010 exploration programme, which is expected to commence next April and will include multiple drill rigs, an expanded high resolution airborne geophysical survey and more prospecting for kimberlites exposed at surface.”
Peregrine is the operator of the 2009 Chidliak exploration programme which is being fully funded by BHP Billiton. As announced on November 24, 2008, BHP Billiton has elected to exercise its earn-in rights for Chidliak and, under the terms of the earn-in agreement, must incur a total of $22.3 million dollars in exploration expenditures in order to earn a 51% interest in Chidliak.
Related posts:
- Peregrine Diamonds Discovers Ch-18 Kimberlite and Begins Mini-Bulk Diamond Sample At Chidliak
- Peregrine Commencing 50 Tonne CH-1 Mini-Bulk Sample Processing for Diamonds
- Peregrine Discovers Seven Additional Kimberlite Discoveries at Chidliak, Baffin Island, Nunavut
- Peregrine Diamonds Announces A Coarse Diamond Size Distribution For The CH-28 Kimberlite At Chidliak
- Peregrine Discovers Four Additional Kimberlites at Chidliak, Baffin Island, Nunavut
