DIAMONDS: Peregrine drills western expansion of CH-6 kimberlite at Chidliak project

NUNAVUT – The very first drill hole completed in the 2017 program has pushed the edge of the CH-6 kimberlite 35 metres to the west of what was previously known. The CH-6 pipe is one of several at Vancouver-based Peregrine Diamonds’ Chidliak project near Inuvik. [caption id="attachment_1003719359" align="alignleft" width="340"] Hole DD33 in the CH-6 kimberlite. (Credit: Peregrine Diamonds)[/caption] Hole DD33 was drilled to a 433-metre depth. Analysis confirmed it contained a 152-metre long continuous section of kimberlite typical for CH-6, significantly longer than the 100-metre intercept predicted by the current resource model, said Peregrine. The drill result also confirms the eastern pipe contact as nearly vertical to 330 metres below surface. A third rig has been added to the property, and work will continue with the goal of further delineating the CH-6 high grade resource to a depth of 500 metres below surface. President and CEO Tom Peregoodoff, said, "This expansion in tonnage potential has significant implications for the total contained carats within CH-6 and could significantly influence future planned engineering and development studies." Visit www.PDiam.com for detailed information.