Peregrine Discovers Six New Kimberlites at Chidliak

August 4, 2010 PDF version
Peregrine Diamonds Ltd. (“Peregrine” or “the Company”) (TSX:PGD) is pleased to report the discovery of six new kimberlites at the Chidliak project (“Chidliak” or “the Project”) on Baffin Island, Nunavut, Canada. Three of the kimberlites, CH-29, CH-30 and CH-32, were discovered by drilling, and the other three, CH-27, CH-28 and CH-31 were discovered at surface by prospecting. The summer exploration programme continues with geophysical anomalies being prioritized for drilling by prospecting and ground geophysics.

The discovery of six new kimberlites at Chidliak brings the total discovered to date to 32, with 16 of those being discovered thus far in 2010. Of the 32 kimberlites, 18 have been discovered by prospecting, and 14 by drilling. Samples from new kimberlite discoveries are being sent to the Saskatchewan Research Council (“the SRC”) for diamond analysis by caustic fusion and results will be reported as they become available.

Kimberlites Discovered by Drilling (CH-29, CH-30 and CH-32)
The CH-29, CH-30 and CH-32 kimberlites were discovered by drilling magnetic geophysical anomalies with estimated surface expressions of 0.5 to 1.0 hectare. At each of the discoveries, two inclined holes were drilled across the kimberlite from the same setup. CH-29 is represented by a magnetic low anomaly, and CH-30 and CH-32 are associated with magnetic high anomalies. At CH-32, the first hole was drilled at an inclination of 45° and intersected magmatic kimberlite only. In the second hole at CH-32, drilled at an inclination of 65°, both magmatic and volcaniclastic kimberlite were intersected.

An exploration summary showing the new kimberlite discoveries is available here.

Drill hole data from the CH-29, CH-30 and CH-32 kimberlites are presented in the table below.

Kimberlite, Drill Hole #* Azimuth Inclination from Horizontal Overburden (m) Kimberlite Intercepts (m) End of Hole (m)
From To Intercept
CH-29, #1 300° -50° 11 57 121 64** 139
CH-29, #2 300° -65° 12 100 157 57** 210

CH-30, #1 305° -45° 15 15 44 29** 80
CH-30, #2 305° -80° 21 51 120 69** 150
129 142 13**

CH-32, #1 288° -45° 4 18 79 61** 113
CH-32, #2 288° -65° 2 37 111 74** 333
122 311 189***
*All multiple holes at a kimberlite drilled from same setup
** Magmatic kimberlite
*** Dominantly volcaniclastic kimberlite
Note: All intercepts below the overburden that are not kimberlite are gneiss.

Kimberlites Discovered by Prospecting (CH-27, CH-28 and CH-31)
The CH-27 kimberlite was discovered when magmatic kimberlite boulders and cobbles were found on top of a