April 25, 2007
Vancouver, British Columbia, Canada — Wednesday, April 25, 2007 —
Peregrine Diamonds Ltd. (TSX:PGD) (“Peregrine”) today announced that BHP
Billiton’s Ekati(tm) Diamond Mine sample plant will begin processing
Peregrine’s 2007 bulk sample from the plus nine hectare DO-27 kimberlite
pipe, WO Diamond Project, NT, Canada, on April 30, 2007.
The 2007 large diameter reverse circulation drilling (LDRC) bulk sample
program has recovered approximately 2,420 wet tonnes of kimberlite to
date, with drilling still on-going. The kimberlite has been collected in
1,586 individual sample bags from 26 large diameter drill holes. The
samples have been transported to Ekati(tm) for processing.
In addition to providing substantially more diamonds for valuation, the
processing will supply additional information regarding the diamond
grade and diamond distribution within DO-27.
The sample processing plant will operate on a 24 hours-per-day, seven
days-per-week basis, with completion, including the picking and sorting
of all the diamonds, anticipated in August, 2007.
Jennifer Pell, Ph.D., P.Geo., Chief Geoscientist for Peregrine, is the
Qualified Person under NI 43-101 for the WO Diamond Project.
Peregrine is a well-funded Canadian diamond exploration/development
company that is managed by experienced geoscientists. In addition to
completing a third bulk sampling program on its WO Diamond Project, NT,
Peregrine is also exploring for other diamondiferous kimberlites on its
extensive land holdings in Canada. The Corporation 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.
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