Industry News by Nemesis

Peregrine Reports Results of Sample From Chidliak Diamond Project

January 14, 2016

Peregrine Diamonds Ltd. reported a dry tonne bulk sample from its CH-7 kimberlite pipe at its fully owned owned Chidliak Diamond Project in Nunavut, Canada, returned an overall diamond grade of 0.88 carats per tonne ("cpt").

 

A total of 717.65 carats of commercial-size (+1.18 mm) diamonds was recovered, including 53 diamonds of one carat or larger and 183 diamonds over 0.50 carat in size.

 

The largest gem quality diamond recovered was a 5.33 carat white/colorless octahedron with no inclusions. Significant diamond breakage was observed, including a gem quality diamond that may have originally been larger than six carats. A substantial portion of the parcel is gem quality diamonds and there are some colored stones.

 

An independent diamond valuation of the 717.65-carat parcel will be completed this quarter in Antwerp by WWW International Diamond Consultants Ltd.

 

Click here for the Peregrine press release

 

Source: The Diamond Loupe and Peregrine

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