Feb 25 2015
Peregrine Diamonds Ltd. is pleased to announce the filing of a National Instrument 43-101 technical report titled "2015 Technical Report for the Chidliak Project, 66° 21' 43" W, 64° 28' 26" N Baffin Region, Nunavut" and dated effective January 26, 2015 for its 582,477 hectare Chidliak project and the adjacent 51,147 hectare Qilaq project, located approximately 120 kilometres north-east of Iqaluit, the capital of Nunavut.
The Technical Report is an update to a report dated July 7, 2014 and supports an updated 8.57 million carat Inferred Resource at CH-6 that was announced by news release dated January 26, 2015 and clarified on January 27, 2015. The Technical Report also summarizes additional drilling at CH-6, CH-7 and CH-44 completed in 2014 which resulted in increased tonnage estimates of targets for further exploration ("TFFE") for those kimberlite pipes and provides information on the 2014 exploration program at Chidliak.
Ms. Darrell Farrow of Geostrat Consulting Services Inc., a Professional Geologist and independent, external Qualified Person and a consultant to Peregrine, prepared the CH-6 Inferred Resource estimate and reviewed and verified the CH-6, CH-7 and CH-44 TFFE estimates. Ms. Catherine Fitzgerald, Peregrine's Project Geologist, Resource Definition, and Dr. Jennifer Pell, Peregrine's Chief Geoscientist, both Professional Geologists, were responsible for preparing the CH-6, CH-7 and CH-44 geologic models and the tonnage estimates. Dr. Herman Grütter, Professional Geologist and Peregrine's Vice President, Technical Services, is a Qualified Person and is responsible for the design of the Diamond Resource Development Program at Chidliak. Mr. Alan O'Connor, Peregrine's Program Manager, Chidliak Resource Evaluation, is a Qualified Person and is responsible for the design and conduct of bulk sampling programs at Chidliak.
Source: http://www.pdiam.com/