December 4, 2007
Vancouver, British Columbia, Canada - Tuesday, December 4, 2007 -
Peregrine Diamonds Ltd. (TSX-PGD) (“Peregrine”) is pleased to announce
additional microdiamond results from the plus five hectare Kayuu
kimberlite pipe which confirm the diamond potential of the newly
discovered kimberlite field at the Nanuq property, Nunavut, Canada.
A total of 194 diamonds (>0.075mm) were recovered from this latest
aliquot of 253.35 kilograms of kimberlite. This is in addition to the
recovery of 819 diamonds previously reported (see press release dated
November 22, 2007). In all, a total of 1,013 diamonds (>0.075mm) were
recovered from the processing of 1,558 kilograms of kimberlite with the
largest stone described as a white fragment measuring 2.12 mm X 1.48 mm
X 1.0 mm.
The table below summarizes the complete set of results received for the
samples submitted from the three kimberlite pipes currently known at
||Number of Diamonds per Sieve Size
||Sample Wt. (kg.)
The microdiamond analyses were completed by the Saskatchewan Research
Council Geoanalytical Laboratories (SRC), which is accredited to the
ISO/IEC 17025 standard for microdiamond recovery via caustic fusion.
Exploration work planned for Nanuq in 2008 will include further
investigation of the known kimberlites and a program of heavy mineral
sampling, prospecting, ground geophysics and the drilling of the most
Jennifer Pell, Ph.D., P.Geo., Chief Geoscientist for Peregrine Diamonds
Ltd., is the Qualified Person under NI 43-101 in regards to Peregrine’s
Canadian diamond exploration projects.
Peregrine is a Canadian diamond exploration/development company that is
managed by experienced geoscientists. The Company is completing a
Preliminary Technical Assessment on the nine hectare DO-27 kimberlite
and is evaluating other diamondiferous kimberlites it has discovered on
its extensive land holdings in Canada. Peregrine trades on the Toronto
Stock Exchange under the symbol “PGD”.
For further information, please contact Jim Crawford, Manager — Investor Relations at 604-408-8880 or at firstname.lastname@example.org
Forward-Looking Statements: This document includes forward-looking
statements. Forward-looking statements include, but are not limited to
statements concerning Peregrine’s projects, pre-feasibility studies, and
other statements that are not historical facts. When used in this
document, the words such as “could,” “confident,” “plan,” “estimate,”
“expect,” “anticipated,” “intend,” “likely,” “may,” “potential,”
“should,” “scheduled,” “significant,” and similar expressions are
forward-looking statements. Although Peregrine Diamonds Ltd. believes
that its expectations reflected in these forward-looking statements are
reasonable, such statements involve risk and uncertainties and no
assurance can be given that actual results will be consistent with these
forward-looking statements. Important factors that could cause actual
results to differ from these forward-looking statements are disclosed in
the corporation’s periodic filings with Canadian regulators.