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More diamonds boost Chidliak PEA


Last updated 6/8/2018 at 4:31am

Diamond exploration Chidliak Baffin Island Nunavut

Peregrine Diamonds Ltd.

Five white-colorless octahedron diamonds from the CH-6 kimberlite at Peregrine's Chidliak project in Nunavut – the large stone on the right is 2.42 carats.

Peregrine Diamonds Ltd. May 23 published an updated preliminary economic assessment at Chidliak that shows a substantial increase in the diamonds recovered and financial returns from an initial phase of development at this project in Nunavut.

In 2016, the company completed a PEA for Chidliak that envisioned a phase-1 mine that would produce an average of 1.2 million carats per year over an ini...

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