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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 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.

Peregrine Announces Commencement of 2014 Program at Chidliak

Peregrine Diamonds Ltd. announced that the 2014 exploration and diamond resource definition program at its 100 percent-owned Chidliak diamond project on Baffin Island, Nunavut, Canada, has commenced. The primary objective of the 2014 program will be to advance 3 to 5 kimberlites showing economic potential to the bulk sample stage and to commence logistical preparations for the 2015 bulk sampling program. The objective of the 2015 bulk sampling program will be to confirm sufficient diamond resources to enable commencement of a pre-feasibility study for Baffin Island's first diamond mine. The approved budget for the 2014 program is $7,000,000. A bulk sample that was collected from the CH-6 kimberlite in 2013 has confirmed the economic potential of this kimberlite. Two additional kimberlites, CH-7 and CH-44, have had sufficient diamond testing to be ready for bulk sampling in 2015. Peregrine plans to advance additional kimberlites to the bulk sample stage in 2014 by completing a program of core drilling on these pipes. In addition, thorough exploration will be focused on discovering new kimberlites with economic potential in a priority area that includes the CH-6, CH-7 and CH-44 kimberlites. The 2014 program is expected to be completed in September. Bulk Sample Preparation: Core Drilling. A minimum of 2,500 metres of core drilling will be completed on key kimberlites including CH-6, CH-7 and CH-44 commencing in early July. Results from the core drilling, including microdiamond analyses and geologic models, will be incorporated into the final design of the 2015 bulk sampling program. Mobilization of Bulk Sample Equipment. A large diameter RC drill rig specifically designed for Chidliak, and supporting supplies and equipment is scheduled to be mobilized to Iqaluit by sealift in September in preparation for 2015 bulk sampling. Heli-portable Reverse Circulation Drilling. Grid drilling will be completed over several kimberlites with economic potential, including CH-6, CH-7 and CH-44, to accurately map the overburden depth and prepare for future trenching programs. The RC drilling will commence in April and will continue through the summer season. Kimberlite Target Generation And Testing: Ground geophysics. In preparation for drill testing, ground geophysical surveys will be completed over priority geophysical anomalies and in areas with unexplained kimberlite indicator minerals and kimberlite float. Heli-portable RC Drilling. Commencing in April, high priority kimberlite targets will be drilled. Priority areas targeted for drilling include the String of Pearls, just north of CH-6, Area B, located 15kilometres east of CH-6 where high-interest kimberlite float has been discovered and anomaly 645, a two hectare high priority geophysical anomaly located 13 kilometres southwest of CH-6. Core Drilling. A minimum of 1,500m of core drilling of high priority kimberlite targets will be completed this summer. Prospecting and Heavy Mineral Sampling. Ground truthing and prospecting is scheduled for approximately 20 targets in the priority area that includes CH-6, CH-7 and CH-44. In addition, approximately 400 heavy mineral samples will be collected in high priority areas. Prospecting and heavy mineral sampling will commence in July.


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