24 June 2014
June 24, 2014
Peregrine Diamonds Ltd. ("Peregrine" or "the Company") (TSX:PGD) is pleased to provide an activity update on its 100 percent-owned Chidliak project ("Chidliak"), located 120 kilometres from Iqaluit, the capital of Nunavut, Canada. In March and April, 2,250 line kilometres of ground geophysics was completed over priority areas. In addition, 24 overburden profile holes were drilled with a small diameter reverse circulation ("RC") rig on the CH-7 and CH-44 kimberlites, confirming shallow overburden depths of less than three metres over these pipes. Logistical and technical preparations continue for the planned 2015 bulk sampling program where at least three kimberlites will be evaluated by large diameter RC drilling. New diamond results from the CH-46 kimberlite, which was discovered by RC drilling in 2010, are consistent with economic potential. New diamond results from samples of drill core collected from the CH-1, CH-7 and CH-44 kimberlites in 2012 further support the determination that these kimberlites have economic potential.