Canadian Mining Journal

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DIAMONDS: Peregrine puts CH-7 valuation at $114 per carat



NUNAVUT – Vancouver-based Peregrine Diamonds says the latest 735.75 ct parcel of commercial sized (+1.18 mm square mesh) stones from the CH-7 pipe at the Chidliak project had an average value of US$114 per ct. The eight highest value diamonds ranged in size from 1.35 to 5.33 ct, weighed 21.58 ct in total, and had a current average price valuation of US$1,619 per carat.

The eight highest value diamonds are described as follows:

This 5.33 ct diamond from the CH-7 kimberlite is valued at US$3,106 per ct.

This 5.33 ct diamond from the CH-7 kimberlite is valued at US$3,106 per ct.

  • 5.33 carat sawable, white/colourless octahedron: US$16,555
  • 5.01 carat makeable octahedron: US$6,216
  • 2.00 carat sawable octahedron: US$2,729
  • 2.18 carat sawable octahedron with low fluorescence: US$2,479
  • 2.03 carat sawable octahedron: US$2,308
  • 2.28 carat makeable octahedron with low fluorescence: US$1,995
  • 1.35 carat sawable octahedron: US$1,654
  • 1.40 carat sawable octahedron with visible impact mark: US$998

Peregrine says it is beginning work on a maiden inferred resource for the CH-7 kimberlite. The phase one resource statement including both the CH-7 and CH-6 pipes will support a preliminary economic assessment planned for June 2016.

Please visit www.PDiam.com for more information and images.