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peregrine diamonds ltd (PGD) Details

Peregrine Diamonds Ltd., an exploration stage company, explores and develops for diamond properties in Canada. Its principal exploration properties include the Chidliak project comprising 745 mineral claims with a total area of 747,793 hectares located on Baffin Island in Nunavut; and the WO property consisting of 8 mining leases covering an area of 5,816 hectares situated in the Lac de Gras region of the Northwest Territories, Canada. The company was formerly known as Kettle Point Resources Ltd. and changed its name to Peregrine Diamonds Ltd. in April 2003. Peregrine Diamonds Ltd. was incorporated in 2002 and is headquartered in Vancouver, Canada.

Founded in 2002

peregrine diamonds ltd (PGD) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: C$233.0K
President and Member of Disclosure Policy Com...
Total Annual Compensation: C$225.0K
Chief Financial Officer and Member of Disclos...
Total Annual Compensation: C$183.3K
Executive Vice President of Business Developm...
Total Annual Compensation: C$270.0K
Compensation as of Fiscal Year 2013.

peregrine diamonds ltd (PGD) Key Developments

Peregrine Provides Chidliak Diamond Project Update

Peregrine Diamonds Ltd. provided an update on its 2014 field activities and plans to advance its 100 percent-owned Chidliak diamond project. Chidliak is located 120 kilometres northeast of Iqaluit, the capital of Nunavut, Canada. The primary goal of Peregrine's 2014 and 2015 Chidliak work programs is to confirm a resource base in three kimberlites with economic potential, CH-6, CH-7 and CH-44. This resource base could form the foundation of an independent, NI 43-101-compliant Preliminary Economic Assessment ("PEA") in 2016. This season a total of 3,305 metres of core drilling was completed at CH-6, CH-7 and CH-44. The drill program was designed to allow conversion of kimberlite tonnage currently classified as a target for further exploration ("TFFE") into the Inferred Resource category upon completion of the 2015 bulk sampling program. A total of 994 metres of small diameter reverse circulation ("RC") drilling designed to constrain overburden depth and obtain kimberlite contacts at surface has also been completed to date on the three kimberlite bodies. Exploration activities are ongoing and are focussed on the Southern Priority Area. A new kimberlite, CH-68, has been discovered in this area by prospecting. Preparations for the 2015 bulk sample program are nearing completion and mobilization of the drill rig and ancillary equipment to Iqaluit has commenced. Assuming successful closure of the current rights offering, bulk sampling by large diameter (up to 26 inch, 66 cm) RC drilling will commence in 2015 on CH-6, CH-7 and CH-44 to confirm continuity of diamond grade throughout the bodies and to obtain parcels of diamonds for valuation. The bulk sampling results, together with the work being completed in 2014, will then be used to estimate the tonnage and grade for each of the pipes. A new resource statement for CH-6 would be prepared and If diamond valuation results warrant, maiden resource statements for CH-7 and CH-44 will be prepared.

Peregrine Files Technical Report for Lac de Gras Project and DO-27 Kimberlite in the NWT

Peregrine Diamonds Ltd. announced the filing of a Canadian National Instrument (NI) 43-101 technical report entitled "Lac de Gras Project Northwest Territories Canada NI-43-101 Technical Report" effective July 15, 2014 for its 15,810 hectare Lac de Gras project, located approximately 300 kilometres north-northeast of Yellowknife in the Northwest Territories of Canada. The Technical Report is an update to a report dated August 7, 2008 and revised January 9, 2009, that supports the 18.2 million carat Indicated Mineral Resource at the DO-27 kimberlite that was first reported on June 24, 2008. The Project consists of 12 mineral leases and seven mineral claims with an aggregate area of 15,810 hectares. The leases and claims are held under the following three property arrangements: WO property (72.1% Peregrine, 17.6% Archon Minerals Ltd., 10.3% DHK Diamonds Inc.), LDG Thelon property (70.5% Peregrine, 29.5% Thelon Capital Ltd.) and the LDG Peregrine property (100% Peregrine). A total of nine kimberlites has been discovered to date on the Project: AD-02, DO-18, DO-27, DO-29N, DO-29S, DO-32, WO-09, LD-02 and LD-03. Two of the kimberlites were discovered by Peregrine and seven were discovered by previous operators. DO-27 hosts an Indicated Mineral Resource of 18.2 million carats of diamonds in 19.5 million tonnes of kimberlite at a grade of 0.94 carats per tonne and is open at depth and laterally. The diamondiferous LD-02 and LD-03 were discovered by Peregrine in 2012. The Technical Report concludes that there are reasonable prospects for eventual economic extraction of the DO-27 kimberlite pipe. To date, no Preliminary Economic Assessment or equivalent study has been completed for the Project.

Peregrine Provides Chidliak Project Update and Encouraging Diamond Results from the CH-46 Kimberlite

Peregrine Diamonds Ltd. provided an activity update on its 100% owned Chidliak project, located 120 kilometres from Iqaluit, the capital of Nunavut, Canada. In March and April, 2,250 line kilometres 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 shallow overburden depths of less than three metres 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. New diamond results from the CH-46 kimberlite, which was discovered by RC drilling in 2010, are consistent with economic potential. New diamond 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. In March and April, a total of 2,250 line kilometres of high resolution ground magnetic surveying was completed over an area that includes the Southern Priority Area. The Southern Priority Area hosts seven kimberlites with economic potential including CH-6, CH-7 and CH-44 that are scheduled for bulk sampling in 2015, and CH-46. The surveys were completed to refine the interpretation of kimberlite indicator mineral anomalies and to generate additional priority kimberlite targets. During April, fifteen overburden profile holes were drilled at CH-44 and nine were drilled at CH-7 to assist with the preparation of geologic models and prepare for future bulk sampling programs. Average overburden depths over the kimberlites are 2.5 and 2.7 metres respectively. This confirms that CH-44 and CH-7 are amenable to the collection of bulk samples by trenching to obtain parcels of diamonds suitable for valuation.


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