Peregrine touts good diamond find at Chidliak project

Peregrine Diamonds says it has found a lot of gem diamonds in a bulk sample from the Chidliak project near Iqaluit.

Lots of gem diamonds in kimberlite sample, says company

Bulk samples of kimberlite at Peregrine Diamond's Chidliak site in Nunavut. (Peregrine Diamonds)

Peregrine Diamonds says it has found a lot of gem diamonds in a bulk sample from the Chidliak project near Iqaluit.

The sample collected last spring contains more than 600 carats of commercial-size diamonds.

Dozens of diamonds weigh more than one carat and the largest is more than 3.5 carats.

The company says the results show the CH-6 kimberlite is one of the highest grade kimberlite pipes in the world. 

Peregrine will now continue studying its results, to determine the viability of a diamond mine at Chidliak.

It says plans are already underway to continue exploration in 2014 and 2015 despite De Beers pulling out of the project earlier this year.

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