Peregrine Metals Reports Independent Resource for Altar Porphyry Copper Project

August 13, 2008 PDF version
  • Measured and Indicated Resource of 250.5 million tonnes grading 0.52% copper (2.87 billion lbs contained copper - 0.4% copper cut-off)
  • Inferred Resource of 244.3 million tonnes grading 0.54% copper (2.93 billion lbs contained copper - 0.4% copper cut-off)
  • Deposit open to expansion in all directions and at depth

Peregrine Metals Ltd. (“Peregrine Metals or the Company”) and Peregrine Diamonds Ltd. (“Peregrine Diamonds”) are pleased to announce that Peregrine Metals has received an independent NI 43-101 compliant mineral resource estimate for its 100% owned Altar porphyry copper project (“Altar”) located in San Juan Province, Argentina. The estimate was jointly prepared by Nilsson Mine Services Ltd. (“NMS”) and GeoSim Services Inc. (“GeoSim”). The resource estimate is summarized in the following table:

Altar Measured, Indicated and Inferred Mineral Resources, August, 2008
Cut-off Quantity Grade Contained Metal
Copper
(%)
Tonnes
(Million)
Copper
(%)
Gold
(g/t)
Copper
(Billion lbs)
Gold
(Million oz)

Measured + Indicated:
0.2 589 0.40 0.055 5.22 1.05
0.3 462 0.44 0.060 4.51 0.89
0.4 251 0.52 0.070 2.87 0.57