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Peregrine Diamonds Ltd.
Summary
| Project: | Chidliak | |
|---|---|---|
| Deposit: | CH-6 | |
| Location: | Canada | |
| Commodities: | Diamonds | |
| Date: | 2/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 15-2-2018: Peregrine Diamonds Ltd. announces a Resource Estimation report for its CH-6 deposit at the Chidliak project. 58% Increase in inferred Diamond Resource. This report provides an updated Mineral Resource estimate for the CH-6 kimberlite (from that | |
| Resources: | (Resource, Inf.): 7.46Mt @ 2.41cpt for 17.96Mct contaiend at CH-6 | |
| CP/QP: | [Resources]: Catherine Fitzgerald, Herman Grutter, Jennifer Pell (Internal) | |
| ABSTRACT: | This report provides an updated Mineral Resource estimate for the CH-6 kimberlite (from that previously reported by Nowicki et al., 2016) and incorporates the results of a significant amount of evaluation work completed in 2017. Target for Further Exploration (TFFE) volume and tonnage range estimates are also included for CH-6. The Mineral Resource estimate for the CH-7 kimberlite is re-stated from Nowicki et al. (2016). TFFE volume and tonnage range estimates are also included for the CH-7 and CH-44 kimberlite; these results are re-stated from Farrow et al. (2015) and Nowicki et al., (2016), as no evaluation work was carried out on CH-7 or CH-44 during 2017. The CH-6, CH-7 and CH-44 kimberlites are being evaluated as part of the Chidliak project, located on the Hall Peninsula of Baffin Island, approximately 120 km northeast of the city of Iqaluit, Nunavut. The Chidliak project is 100%-owned by Peregrine. This report has been prepared by Peregrine Diamonds Ltd. (Peregrine) to document the results of work completed at the CH-6 kimberlite during 2017, and a related update of the Mineral Resource estimate for the CH-6 kimberlite. The report has been prepared in accordance with the reporting requirements stipulated by Canadian National Instrument (NI) 43-101 Standards of Disclosure for Mineral Projects guidelines. The Mineral Resource estimates for the CH-6 and CH-7 kimberlites contained in this report are stated at a level of confidence appropriate for Inferred Mineral Resources. Inferred Mineral Resources are considered too speculative geologically to have the economic considerations applied to them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability | |
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