23 August 2017
Peregrine Diamonds Ltd. is pleased to announce the completion of three diamond drill holes totaling 1,474 metres drilled at its 100%-owned Chidliak Diamond Project near Iqaluit, Nunavut, Canada. Core hole CHI-050-17-DD36 is a 378 metre vertical hole that intersected kimberlite from 4.5 to 295.8 metres below surface, consistent with the resource model for the CH-6 kimberlite. Core hole CHI-050-17-DD38 was drilled at -60 degrees inclination for a total hole length of 560 metres, equivalent to 485 mbs. DD38 intersected 190.2 metres of typical olivine-rich CH-6 kimberlite from 277 to 442 mbs. The DD38 result confirms the in-section result from DD33 previously reported, delineating expanded margins for the high grade CH-6 kimberlite with depth. Core hole CHI-050-17-DD39 is a 536 metre near-vertical hole. This hole ended in kimberlite at 532 mbs and confirms the kimberlite extends beyond 500 mbs, the current planned extent of the resource expansion program drilling in 2017.