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Peregrine CH-6 Sample Returns Higher Grade

Jan 16, 2014 12:58 PM   By Brian Bossetta
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RAPAPORT... Peregrine Diamonds Ltd. found that the latest bulk sample from  the company's Chidliak diamond project in Nunavut, Canada yielded a diamond grade of 2.87 carats per tonne of ore.

According to the company, 532.50 carats of commercial-size diamonds were recovered, including 42 diamonds of 1 carat or larger and 133 diamonds greater than  0.50 carat.

The largest diamond in the  bulk sample was a white/colorless, octahedron of 8.87 carats. Gem-quality diamonds made up a significant portion of the sample, the company stated, with a population of yellow stones included.

The bulk sample  represents the final portion of a bulk sample that was collected by trenching the CH-6 kimberlite last year.  On December 3, the company reported the first 222.1 tonne portion of the bulk sample returned a grade of 2.70 carats per tonne.
The combined grades is 2.78 carat per tonne, with 1,124 carats of commercial-size diamonds now recovered.

Later this quarter, an independent diamond valuation of the diamond parcel will be completed in Antwerp, the company said.  

"We are pleased that the results of the 2013 bulk sample have confirmed that CH-6 is one of the highest grade kimberlite pipes in the world," said Eric Friedland, Peregrine's  CEO. "We look forward to the results of the diamond valuations expected later this quarter given the quality of the entire diamond parcel, especially the stones a half carat and larger."
Tags: Brian Bossetta, Canada, chidliak, kimberlite, peregrine
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