March 30, 2006
Bulk Sample of DO-18 Planned for Summer 2006
March 30, 2006 - Vancouver, Canada - Peregrine Diamonds Ltd.
(“Peregrine”) (TSX-V: PGD) is pleased to announce the results of caustic
fusion analysis of micro-diamond samples by the Saskatchewan Research
Council (“SRC”) from seven core holes drilled into the plus 3.5 hectare
DO-18 kimberlite, WO Diamond Project, NWT, Canada, last Fall.
The results, together with the close proximity of DO-18 to the DO-27
kimberlite, are sufficiently encouraging to allow for the collection of a
mini-bulk sample at DO-18 this summer in order to gain a better
understanding of the grade and diamond quality of this kimberlite. More
information regarding this sampling program will be released when the
plans and permits are finalized.
The DO-18 kimberlite is located approximately 700 meters north of the
plus nine hectare DO-27 kimberlite, which is currently undergoing a
large bulk sampling program. Drilling and detailed core logging by
Peregrine suggests that the DO-18 kimberlite is composed of 4 main
kimberlite phases, all of which are distinct from those in DO-27.
KIMB-1 is volumetrically the most significant kimberlite unit in DO-18,
comprising approximately 70% of the pipe infill and located primarily in
the northern and central part of the pipe. This rock is classified as
volcaniclastic kimberlite, possibly pyroclastic in origin. KIMB-2 is
volumetrically the second most significant kimberlite unit in DO-18,
comprising approximately 20% of the pipe infill and observed primarily
in the southern part of the pipe. This unit is very similar to KIMB-1,
but contains significantly more mud in the matrix, giving the kimberlite
a brown colour. It is classified as a volcaniclastic kimberlite, and
both pyroclastic and re-sedimentation process likely were important in
the deposition of this unit. KIMB-3 is a volumetrically minor unit,
comprising approximately 5% of the pipe, and is observed as layers
within the KIMB-1 unit in the northern part of the pipe. It is mud-rich
and is likely a re-sedimented kimberlite. The fourth unit, termed
OTHER-KIMB, is also volumetrically minor, comprising approximately 5% of
the pipe. It is present at the top of several drill holes in the
northern part of the pipe. This unit is complex and is classified as
volcaniclastic kimberlite which may be re-sedimented.
Representative material from the core holes have been combined by
geological unit to give a better understanding of the micro-diamond
distribution within each geological unit, and the results are as
The presence of significant quantities of micro-diamonds at DO-18
together with DO-18’s proximity to DO-27, and the potential for the
discovery of additional kimberlite bodies between DO-27 and DO-18 and
within the claim boundaries, continue to enhance the potential of the WO
Diamond Project. Peregrine looks forward to the results of bulk
samples from both the DO-27 and DO-18 pipes, as well as results from the
company’s ongoing regional diamond exploration programs in the NWT,
Nunavut and Quebec, Canada.
Peregrine’s diamond exploration programs are conducted under the
direction of Dr. Jennifer Pell, Vice President Exploration, P. Geo.,
(BC), P. Geo. (NT/NU), a qualified person under NI 43-101.
Peregrine is a well funded Canadian diamond exploration/development
company that is managed by experienced geoscientists. The company is
taking the plus 9 hectare DO-27 diamondiferous kimberlite into
pre-feasibility, and is exploring for other diamondiferous kimberlites
on its extensive land holdings in Canada. The company trades on the
TSX-V Exchange under the symbol “PGD”.
Peregrine Diamonds Ltd.
Eric Friedland, President and CEO
Alan Carter, COO
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,” “plan,” “estimate,” “expect,”
“intend,” “may,” “potential,” “should,” 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