Baffin Island

Baffin Island Nunavut Canada

Peregrine has acquired Prospecting Permits totalling over 3.5 million hectares in four properties in the Baffin Island region of Nunavut, Canada. (Click here to view the location map) The four properties are: Chidliak, Qilaq, Cumberland and Kimmirut.

Reconnaissance heavy mineral sampling programs conducted by Peregrine and BHP Billiton in 2005 and 2006 throughout southern and central Baffin Island resulted in the recovery of significant kimberlitic indicator minerals including highly prospective eclogitic and pyrope garnets, some with compelling G10 chemistry and fresh surface textures. The indicator mineral chemistry and surface textures suggested the possibility of kimberlites within the boundaries of the Chidliak property area. In July 2008, Peregrine discovered its first kimberlite on Baffin Island on the Chidliak property, 700 km from the nearest known kimberlite occurrence which is in Greenland. Continued exploration success at the Chidliak project encouraged Peregrine to stake both the Qilaq and Cumberland projects.

In the course of diamond exploration programs on Baffin Island, significant anomalies indicative of uranium and other metals deposits have also been confirmed.