PEA shows robust economics for Chidliak

Peregrine Diamonds Ltd. July 7 posted results from preliminary economic assessment for phase-one development of the CH-6 and CH-7 kimberlite pipes at its Chidliak diamond project in Nunavut.

The PEA, prepared by JDS Energy & Mining Inc., envisions an open-pit diamond mine with a life of roughly 10 years.

Production would start at the CH-6, a kimberlite with 4.64 million metric tons of inferred res...