NUNAVUT — Vancouver-based Peregrine Diamonds is spending $9.2 million on an exploration program at its Chidliak property on Baffin Island. Peregrine will be the operator, and funding will be provided by BHP Billiton.
Work this year will include drilling, a 50-tonne bulk sample, heavy minerals sampling, ground geophysics, camp construction and environmental baseline studies.
Peregrine discovered three diamondiferous kimberlites, designated CH-1, CH-2, and CH-3, at surface in 2008. A 2.28-tonne sample collected from CH-1 returned a diamond content of 1.56 carats per tonne for diamonds larger than a 0.85 mm sieve size. A single 2.01 carat, gem quality, octahedral diamond was also recovered. Based on its geophysical signature, the estimated surface expression of CH-1 is six hectares, according to the company. Approximately 170 kimberlite-type geophysical anomalies have been identified from an airborne geophysical survey completed in 2008 over less than 15% of the property. Many of the geophysical anomalies are associated with kimberlite indicator mineral trains.
Peregrine has posted some spectacular photos of its work in the Canadian Arctic on its website, www.PDiam.com.