DIAMOND: Promising results from Peregrine’s Chidliak project

NUNAVUT – Peregrine Diamonds of Vancouver is preparing to take bulk samples next year at its Chidliak diamond property 120 km from Iqaluit. Most promising is the 80-kg sample from the CH-46 kimberlite that yielded 246 diamonds larger than the 0.106-mm sieve size. There were two stones larger than 0.600 mm.

Peregrine believes that CH-46 may have economic potential, and it will be the subject of future core drilling.

The summer 2014 program includes preparation for bulk sampling in 2015, core and reverse circulation drilling, prospecting and heavy mineral sampling.

Peregrine recently announced the maiden inferred resource for CH-6 of 7.47 million ct in 2.89 million tonnes of kimberlite grading 2.58 ct/t. The resource extends to 250 metres depth and CH-6 is open at depth.

Please visit PDiam.com for additional details about the Chidliak project and Peregrine's other diamond properties in Canada's north.