Peregrine has big plans for Chidliak

Peregrine has big plans for Chidliak

When Brooke Clements of Peregrine Diamonds (TSX: PGD) spoke at the Prospectors & Developers Association of Canada convention a year ago, the diamond exploration company was getting ready to collect a 250-tonne bulk sample from it CH-6 kimberlite on Baffin Island with the objective of a 500-ct parcel.

But Peregrine exceeded that goal, collecting a 400-tonne bulk sample that gave it a parcel of over 1,000 ct – twice its minimum objective – and the results, Clements announced at PDAC earlier this month, were “really good.”

“We’ve shown that CH-6 is one of the richest kimberlites in the world and that the diamonds are of high value, well above the world average of about 140 a carat,” Peregrine’s president said …

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