Peregrine Diamonds has discovered three new kimberlites, CH-56, CH-57 and CH-58 at the Chidliak project through drilling.
The location of the Chidliak project is on the south Baffin Island around 100 km northeast of Iqaluit in Canada. The company has identified eight kimberlites and has drilled 15 targets. It has examined 35 of the 58 kimberlites, which are found at Chidliak, for diamonds and seven kimberlites have mercantile diamond mining prospective in the Arctic locations. Peregrine has drilled a second core hole in the CH-55 kimberlite besides the three new discoveries. At present, a core rig has started drilling at CH-31 kimberlite and the other core rig at CH-33 kimberlite. The reverse circulation rig will continue to drill the priority targets.
The company will examine the reverse circulation drill cuttings from the CH-57 kimberlite and the drill core received from the CH-55, CH-56 and CH-58 kimberlites for diamonds at Saskatchewan Research Council Geoanalytical Laboratories using caustic fusion. It expects to receive the analytical results in the third quarter.
The location of the CH-56 kimberlite is about 1.6 km southwest of the Sunrise camp and has a predicted surface expression of a hectare depending on the ground geophysics interpretation and the drill cuts. The kimberlite CH-57 is situated 9 km east of the Sunrise camp and has an expected surface expression of 1.5 ha based on ground geophysical information. The CH-58 kimberlite is present around 20 km north of the kimberlite CH-6 and 300 m south of the kimberlite CH-55. The kimberlites CH-55 and CH-58 are calculated to be more than 0.5 ha in size based on drill and geophysical information.
Source: http://www.pdiam.com/