Peregrine wraps up winter drilling at Nunavut diamond site – Nunatsiaq News
May 19, 2015
Company hopes big bulk sample will help expand diamond resource estimate
Peregrine Diamonds has wrapped up its winter 2015 drilling program for its Chidliak property outside of Iqaluit which netted the company more than 555 wet tonnes of kimberlite, Peregrine said May 14.
Bulk samples from the company’s winter drilling project will be used to confirm the grade of the kimberlite, as part of Peregrine’s efforts to prepare a preliminary economic assessment of the project for early 2016.
Peregrine has discovered 71 kimberlites so far at its Chidliak project, 120 kilometres northeast of Iqaluit, eight of which have the potential to become economically viable, the company has said.
