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| June 26, 2014 --- Vol. 08, No. 26 | June 2014
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Nunavut
DIAMONDS – Peregrine Diamonds Ltd. June 24 provided an update on activity at its Chidliak diamond project, located 120 kilometers (75 miles) from Iqaluit, the capital of Nunavut. In March and April, 2,250-line-kilometers of ground geophysics was completed over priority areas. In addition, 24 overburden profile holes were drilled with a small diameter reverse circulation rig on the CH-7 and CH-44 kimberlites, confirming overburden depths of less than three meters 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. Peregrine said new diamond results from the CH-46 kimberlite, which was discovered by drilling in 2010, are consistent with economic potential; and 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. Peregrine is preparing to mobilize to Chidliak for a summer work program scheduled to begin on July 3. Work planned for this summer includes preparation for 2015 bulk sampling, core drilling on key kimberlites, heli-portable RC drilling, prospecting and heavy mineral sampling.
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