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Peregrine Collects 49cts from Sample

Results favor larger bulk sample.
Nov 22, 2010 1:38 PM   By Denise Romano
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RAPAPORT... Peregrine Diamonds collected 49.07 carats of commercial-sized diamonds from its mini-bulk sample at Chidliak project in Nunavut, Canada. The four largest were 6.53, 2.18, 1.24, and 0.98-carats.

Eric Friedland, Peregrine's chief executive, stated, "We are pleased to see a grade of one carat per tonne and a population of gem quality diamonds in this mini-bulk sample from CH-7, results that certainly justify a large bulk sample of this pipe and are another illustration of the excellent potential for Chidliak to host a diamond mine. We now have five kimberlites with economic potential in Arctic settings at Chidliak, and four of those are clustered within an area that has only an eight kilometre radius: CH-1, CH-6, CH-7 and CH-31. We hope to add to this growing list of potentially economic kimberlites as more microdiamond results from the 34 kimberlites discovered this year are received."
Tags: Denise Romano, Peregrine Diamonds
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