May 27, 2009
Peregrine Diamonds Ltd. (“Peregrine” or “the Company”) is pleased to
report that the 2009 diamond exploration programme has commenced on the
9,800 square kilometre Chidliak property (“Chidliak” or “the Property”),
Baffin Island, Nunavut, Canada. Since the programme commenced on April
15, activities completed include over 800 line kilometres of ground
geophysics, construction of a second exploration camp and mobilization
of equipment and supplies to the Property.
As announced on February 12, 2009, the approved $9.2 million 2009
Chidliak exploration programme includes the following key elements:
Camp Construction and Mobilization
- Core Drilling. Known kimberlites and new kimberlite targets
will be drilled. Kimberlite core will be logged at a secure facility
in Iqaluit and select intervals will be analyzed for microdiamonds by
- CH-1 Mini-bulk Sample. A 50 tonne mini-bulk sample
from the CH-1 kimberlite will be collected and processed to obtain
additional commercial-size diamonds.
- Heavy Mineral Sampling. Over 1,200 kimberlite indicator mineral samples will be collected throughout the Property.
- Ground Magnetic and Electromagnetic Geophysical Surveys. Ground surveys were completed over 37 geophysical anomalies in May.
- Construction of a second 24-person camp. There is now capacity at Chidliak for up to 48 people.
- Initiation of an Environmental Baseline Study. Initial
baseline work will include wildlife surveys, an initial habitat
assessment, a preliminary hydrology study and an archeological survey.
To date, exploration at Chidliak has been conducted from an exploration
camp, named Discovery, with a gravel airstrip suitable for the landing
of Twin Otter aircraft in the summer. In April and May, a second
exploration camp, named Sunrise, was constructed near a lake which
currently hosts an ice airstrip capable of accommodating DC-3 and Twin
Otter aircraft. Each of the two exploration camps have capacity to
support up to 24 people.
Boart Longyear Canada has mobilized an LM55 core drill to Iqaluit for
use at Chidliak. The drill and associated equipment is currently being
mobilized to the Property in preparation for the drill programme
scheduled to start in late June. A Caterpillar(r) Multi-Terrain loader
was transported to Chidliak overland by two Bombardier Sno-Cats.
Approximately 140 barrels of Jet A fuel and 60 barrels of diesel fuel
will have been mobilized to the Property by the end of May. Additional
fuel required for the 2009 programme will be shipped to Iqaluit on the
sealift in early July.
Over 800 line kilometres of ground magnetic surveys and over 20 line
kilometres of ground electromagnetic surveys were completed in May. The
ground surveys currently cover 37 geophysical anomalies selected for
follow-up this season from the 190 anomalies that were identified in the
11,700 line kilometre airborne geophysical survey that was completed in
2008. Upon completion of the interpretation of the ground geophysical
data, high-priority kimberlite targets will be selected for drilling
this summer. Anomalies currently not covered by ground geophysical
surveys will be further prioritized this year through ground checking
supported by geochemical and kimberlite indicator mineral sampling. To
date, airborne geophysical surveys have been flown over only 15 percent
of the Property and additional airborne surveys will be considered as
part of the 2010 exploration programme.
CH-1 Mini-Bulk Sample
The collection of a 50 tonne mini-bulk sample from the CH-1 kimberlite
that was originally scheduled for May has been deferred to July or
August after the snow has melted. The site was evaluated during May and
found to have approximately four metres of snow covering the kimberlite
outcrop area. The sample collected in the summer will be processed for
commercial-size diamonds and results are still expected in the fourth
quarter of this year. A 2.28 tonne sample collected from CH-1 in 2008
returned a diamond content of 1.56 carats per to